
Cheap Homes for Rent in Monroe, IA from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Monroe.


2636.5 Capitol Ave

806 N Roche St

1022 1st Ave W

1305 E 26th 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.

702 E 20th St S

2000 Meadow Ct

1364 Idaho St

1321 E 27th St

4003 Indianapolis 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.

2000 Meadow Ct, Unit 212
Monroe, IA Local Guide

How much does it cost to rent a home in Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe 2 Bedroom Homes for Rent | $1,257 | $985 | $1,500 |
| Monroe 3 Bedroom Homes for Rent | $1,686 | $1,295 | $2,095 |
| Monroe 4 Bedroom Homes for Rent | $2,463 | $2,195 | $2,995 |
Browse Top Homes for Rent in Monroe
Explore Monroe
Monroe, IA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Monroe Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe, IA is a 2 Beds unit found at 110 N Maple St priced from $700. Hotel Maytag Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Monroe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 110 N Maple St | 2-bedroom | 2BR,1BA | $700 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $725 |
| Parkside Apartments | S1 Ava | Studio,1BA | $750 |
| Hawthorne Pointe | A1 - 40/60 - Income Restricted | 1BR,1BA | $772 |
| Southtown Apartments | B1 | 2BR,1BA | $803 |
Best Value Apartments for Rent in Monroe, IA and Nearby
As of June 11, 2026 the best value apartment in the Monroe area is the $1.05 price per square foot 3BR/2BA Model at Altoona Park Apartments in the in the Altoona Meadows neighborhood starting from $1,150. The second greatest value Monroe apartment is the Three Bedroom-Two Bath Model at Canterbury Park starting at $1,160 with a $1.07 price per square foot in the Estey Heights neighborhood. Here is today’s list of the best values for Monroe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Altoona Park Apartments | 3BR/2BA | 3BR,2BA | $1.05 |
| Canterbury Park | Three Bedroom-Two Bath | 3BR,2BA | $1.07 |
| Walnut Creek Apartments | 2 BD Upgraded | 2BR,1BA | $1.12 |
| Southtown Apartments | B1 | 2BR,1BA | $0.94 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| 110 N Maple St | 2-bedroom | 2BR,1BA | $0.88 |
| Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.04 |
| 409 4th St NE | 2BR 1BA | 2BR,1BA | $1.08 |
| Carlisle Park Apartments | 2BR Upper | 2BR,1BA | $1.18 |
| Hawthorne Pointe | A1 - 40/60 - Income Restricted | 1BR,1BA | $1.12 |
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!
Explore Monroe, IA Rentals by Map
See the most popular apartments and homes in Monroe, IA
Frequently Asked Questions about Monroe
What type of rentals are currently available in Monroe?
There are currently 47 Apartments for Rent in Monroe, IA with pricing that ranges from $650 to $3,236. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $985 to $2,995.
What is the current price range for Rental Homes in Monroe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monroe ranges from $985 to $2,995 with an average monthly rent of $1,802.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.