Hampton Apartments & Townhomes
1318 Frank Dr,
Monroe, MI 48162
Studio - 3 Beds | $885 - $2,025
Rental Market Trends in Monroe, MI
Updated September 2026
The average rent in Monroe, MI is $921/month.
Rent in Monroe is 45% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.
$921/month
Average Rent
659 Sq Ft
Average Size
+4.6%
Change / Year
48
Available Apartments
Monroe rent varies by unit size and layout:
- Studio apartments in Monroe average $694 per month.
- One-bedroom apartments in Monroe average $921 per month.
- Two-bedroom apartments in Monroe average $1,078 per month.
- Three-bedroom apartments in Monroe average $1,420 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Monroe, MI?
In the past year, rent has increased by 4.6%, which averages out to $42 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Monroe, MI
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
10%
Below $700/month
43%
$700 - $1,000/month
48%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Monroe?
Based on current rent prices, Downtown Monroe is the most affordable neighborhood in Monroe.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Monroe?
Based on current rent prices, Downtown Monroe is the most expensive neighborhood in Monroe.
Neighborhood
Average Rent
Average Sq Ft
Which Monroe neighborhoods have the most rentals available?
The neighborhood in Monroe with the most apartments available is Downtown Monroe .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Monroe, MI?
Because the average rent in Monroe is $921, you’ll want to make about $3,070 per month or $36,840 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.
How does Monroe, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Monroe, MI 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 GuideStudio
$673/month
$673/month
One Bedroom
$892/month
$892/month
Two Bedroom
$999/month
$999/month
Three Bedroom
-
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Monroe We Think You'll Love
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Frequently Asked Questions
What is the average rent in Monroe?
The average rent in Monroe is $921 per month, which is 44.7% lower than the national average of $1,664.
Are rents going up or down in Monroe?
Rents in Monroe, MI are increasing, with prices up 4.6% year-over-year and $42 more per month.
What rent range is most common in Monroe?
In Monroe, MI, 48% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 September 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.