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Rental Market Trends in Monroe, WA

What is the average rent in Monroe, WA?

$1,149/month

Average Rent

577 Sq Ft

Average Apartment Size

-1.2%

Decrease in the Last Year

Monroe, WA Rental Market Overview

The average rent in Monroe, WA is $1,149 per month. This is 30% lower than the national average rent of $1,644/month, making renting in Monroe more affordable than most cities in the US.

  • Studio apartments in Monroe average $980 per month.
  • One-bedroom apartments in Monroe average $1,149 per month.
  • Two-bedroom apartments in Monroe average $1,858 per month.
  • Three-bedroom apartments in Monroe average $2,271 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$980/month
586 Sq Ft
One Bedroom
$1,149/month
577 Sq Ft
Two Bedroom
$1,858/month
925 Sq Ft
Three Bedroom
$2,271/month
1,071 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Monroe, WA?

In the past year, rent has decreased by 1.2%, which averages out to $14 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Monroe, WA
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Monroe, WA
Percentage*
Rent Range
6% Below $700/month
19% $700 - $1,000/month
38% $1,001 - $1,500/month
12% $1,501 - $2,000/month
25% Above $2,000/month

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

Because the average rent in Monroe is $1,149, you’ll want to make about $3,830 per month or $45,960 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.

City

Monroe, WA

33 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Monroe, WA 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, WA

Apartment Averages

Nearby City Rent Trends

  • Mill Creek Average Rent

Apartment communities in Monroe we think you'll love

Terra @ Monroe

Terra @ Monroe

18463 Blueberry Ln SE,
Monroe, WA 98272

$1,830 - $2,550

1-3 Beds

Parkside

Parkside

700 W Maple St,
Monroe, WA 98272

$1,795 - $2,850

2-3 Beds

16040 171st Ave SE

16040 171st Ave SE

16040 171st Ave SE,
Monroe, WA 98272

$2,950

3 Beds

12928 173rd Dr SE

12928 173rd Dr SE

12928 173rd Dr SE,
Snohomish, WA 98290

$3,400

3 Beds

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United States Washington 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