• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
  • Houses For Rent
  • Condos For Rent
  • Townhomes For Rent
  • Help Center
  • Cost of Living in Monroe
  • Area Guide
  • Rent Calculator
  • Property Management Companies

Language

Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Monroe, LA

What is the average rent in Monroe, LA?

$875/month

Average Rent

701 Sq Ft

Average Apartment Size

+4.9%

Increase in the Last Year

As of April 2026, the average rent in Monroe, LA is $875 per month. This is 47% lower than the national average rent of $1,641/month, making renting in Monroe more affordable than most cities in the US. When you rent an apartment in Monroe, you can expect to pay about $577 per month for a studio, $875 for a one-bedroom apartment, and around $1,101 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,159 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$577/month
394 Sq Ft
One Bedroom
$875/month
701 Sq Ft
Two Bedroom
$1,101/month
1,025 Sq Ft
Three Bedroom
$1,159/month
1,077 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,446/month
1,124 Sq Ft
Four Bedroom
$2,189/month
2,037 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,931/month
1,134 Sq Ft
Three Bedroom
$1,924/month
1,209 Sq Ft

How much has average rent changed in Monroe, LA?

In the past year, rent has increased by 4.9%, which averages out to $43 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Monroe, LA
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Monroe, LA
Percentage*
Rent Range
21% Below $700/month
51% $700 - $1,000/month
13% $1,001 - $1,500/month
9% $1,501 - $2,000/month
6% Above $2,000/month

What salary do I need to live comfortably in Monroe, LA?

Because the average rent in Monroe is $875, you’ll want to make about $2,916 per month or $34,992 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Monroe, LA is 7.7% lower than the national average. Generally, housing in Monroe is 25.9% less expensive than the national average, with rent falling between $577 - $1,159. You can expect to pay 4.1% less for groceries, 23.2% less for utilities, and 1.8% less for transportation.

City

Monroe, LA

382 Available Apartments for Rent

Search for Nearby Apartments

How does Monroe, LA compare to other nearby cities and neighborhoods?

Use the tool below to compare Monroe, LA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Monroe, LA

Apartment Averages

Nearby City Rent Trends

  • West Monroe Average Rent

Apartment communities in Monroe we think you'll love

The Reserve on Bayou DeSiard

The Reserve on Bayou DeSiard

6568 Highway 165,
Monroe, LA 71203

$1,982 - $2,873

1-3 Beds

Seasons & Woodale Apartments

Seasons & Woodale Apartments

323 Woodale Dr,
Monroe, LA 71203

$900 - $1,120

1-2 Beds

Ashford Place

Ashford Place

107 Ashford Dr,
West Monroe, LA 71291

$1,099 - $1,279

1-3 Beds

Venable Place

Venable Place

187 Venable Ln,
Monroe, LA 71203

$1,675

2 Beds

Property Management Companies in Monroe, LA

RAM Partners
RAM Partners
  • 294

    Communities

  • 78,101

    Units

  • 170

    Cities

1 Community in Monroe
Alexander Forrest Investments, LLC
Alexander Forrest Investments, LLC
  • 92

    Communities

  • 9,258

    Units

  • 61

    Cities

1 Community in Monroe
The Brownstone Group
The Brownstone Group
  • 17

    Communities

  • 1,378

    Units

  • 14

    Cities

1 Community in Monroe
Vintage Realty Company
Vintage Realty Company
  • 21

    Communities

  • 3,778

    Units

  • 11

    Cities

1 Community in Monroe

Learn More with Helpful Articles

Moving Out of State: How to Start Your Apartment Search in a New State

Go the distance and find your new home.

9 Money Saving Tips for Relocating

Save money and start fresh using these tips and tricks.

When Is the Best Time to Move?

The pros and cons of moving during each season.

5 Tips For Moving into Your First Apartment

Move in stress-free - the first time's a charm!

Explore the Renterverse

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Start managing your rentals
United States Louisiana Monroe Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Newest Listings
  • Sitemap
apartments.com
© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity