
Cheap Homes for Rent in Monroe City, IN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Monroe City.


108 E Main St

10065 Main St

107 S 3rd St

332 N French St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

205 S Walters St

5054 IN-56

1103 Broadway St

444 E Eble Rd

998 Marshall Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

625 7th St NW
Monroe City, IN Local Guide

How much does it cost to rent a home in Monroe City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe City 2 Bedroom Homes for Rent | $954 | $800 | $1,050 |
| Monroe City 3 Bedroom Homes for Rent | $1,728 | $782 | $2,500 |
| Monroe City 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
| Monroe City 6 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Top Homes for Rent in Monroe City
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Monroe City, IN Local Guide
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Cheapest Available Monroe City Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe City, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Ironton at Shoals has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Monroe City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $650 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Cine Senior Apartments | Two Bedroom | 2BR,1BA | $700 |
| The Timbers Apartments | The Oak 1 BR 1 BA | 1BR,1BA | $770 |
Best Value Apartments for Rent in Monroe City, IN and Nearby
As of May 07, 2026 the best value apartment in the Monroe City area is the $1.19 price per square foot 2 Bed, 2 Bath Model at The Westcott in the in the Fielding Court neighborhood starting from $1,283. The second greatest value Monroe City apartment is the Two Bedroom One Bathroom Model at Vail Estates Apartments starting at $1,050 with a $1.09 price per square foot . Here is today’s list of the best values for Monroe City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Westcott | 2 Bed, 2 Bath | 2BR,2BA | $1.19 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.09 |
| North Park | Berkshire | 2BR,1.5BA | $1.12 |
| Bell Pointe Apartments | One Bedroom | 1BR,1BA | $1.28 |
| Brooklyn Place | Ashford | 1BR,1BA | $1.31 |
| Pavilion Lakes Apartments | The Michigan | 1BR,1BA | $1.25 |
| TERRA TRACE | The Eastern Redbud | 1BR,1BA | $1.32 |
| Woodbridge Place | The Dogwood | 1BR,1BA | $1.14 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.00 |
| Valoré at Hidden Hills | The Pine - One Bedroom Apartment Home | 1BR,1BA | $1.25 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Monroe City
What type of rentals are currently available in Monroe City?
There are currently 42 Apartments for Rent in Monroe City, IN with pricing that ranges from $425 to $4,449. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe City ranging from $650 to $2,800.
What is the current price range for Rental Homes in Monroe City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monroe City ranges from $650 to $2,800 with an average monthly rent of $1,487.
How much are larger Three and Four Bedroom Rentals in Monroe City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monroe City range from $1,249 to $2,309, while Three Bedroom Homes, Condos, and Townhomes for rent range from $782 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,849.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.