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Rental Market Trends in Monroe, LA

Updated July 2026

The average rent in Monroe, LA is $890/month.

Rent in Monroe is 46% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.

$890/month

Average Rent

697 Sq Ft

Average Size

+2.4%

Change / Year

319

Available Apartments

Monroe rent varies by unit size and layout:

  • Studio apartments in Monroe average $579 per month.
  • One-bedroom apartments in Monroe average $890 per month.
  • Two-bedroom apartments in Monroe average $1,107 per month.
  • Three-bedroom apartments in Monroe average $1,176 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$579/month
394 Sq Ft
One Bedroom
$890/month
697 Sq Ft
Two Bedroom
$1,107/month
1,027 Sq Ft
Three Bedroom
$1,176/month
1,074 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,470/month
793 Sq Ft
Three Bedroom
$1,722/month
1,369 Sq Ft
Four Bedroom
$2,941/month
1,766 Sq Ft
View Monroe Apartments

How much has average rent changed in Monroe, LA?

In the past year, rent has increased by 2.4%, which averages out to $22 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Monroe, LA

July 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Monroe, LA
Percentage*
Rent Range
17% Below $700/month
53% $700 - $1,000/month
15% $1,001 - $1,500/month
11% $1,501 - $2,000/month
4% Above $2,000/month

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

Because the average rent in Monroe is $890, you’ll want to make about $2,966 per month or $35,592 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 8.8% lower than the national average. Generally, housing in Monroe is 27.3% less expensive than the national average, with rent falling between $579 - $1,176. You can expect to pay 4.3% less for groceries, 22.7% less for utilities, and 3.0% less for transportation.

City

Monroe, LA

319 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.

View the Monroe Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • West Monroe

    West Monroe

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

1-3 Beds | $1,824 - $2,403

Ashford Place

Ashford Place

107 Ashford Dr,
West Monroe, LA 71291

1-3 Beds | Call for Rent

Venable Place

Venable Place

187 Venable Ln,
Monroe, LA 71203

2 Beds | $1,675

Fieldstone Place Apartments

Fieldstone Place Apartments

100 Fieldstone Ln,
Monroe, LA 71203

1-2 Beds | $1,100 - $1,300

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Frequently Asked Questions

What is the average rent in Monroe?

The average rent in Monroe is $890 per month, which is 46.5% lower than the national average of $1,662.

What is the average rent for a house in Monroe?

The average rent for a house in Monroe, LA is $1,722 per month.

Are rents going up or down in Monroe?

Rents in Monroe, LA are increasing, with prices up 2.4% year-over-year and $22 more per month.

What rent range is most common in Monroe?

In Monroe, LA, 53% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 June 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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity