Cheap Homes for Rent in Monroe, LA from $395 (28 Rentals)

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Search the lowest-cost Homes available for rent right now in Monroe.

property at 307 Morton
$600

Total Monthly Price

Base Rent$600

Total Monthly Price$600
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

307 Morton

MonroeLA71202

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 103 Tennessee St
$674

Total Monthly Price

Base Rent$674

Total Monthly Price$674
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

103 Tennessee St

MonroeLA71203
property at 1006 Killoden Dr
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Popularity

1006 Killoden Dr

MonroeLA71203

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 403 Gulpha Dr
$750
1 Bedroom Rentals
Available Now

403 Gulpha Dr

West MonroeLA71291

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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.

Monroe, LA Local Guide

Best Value Homes for Rent in Monroe, LA

As of September 16, 2026 the best value rental home in the Monroe area is the $1.04 price per square foot 2102 Elmwood Dr Model at 2102 Elmwood Dr starting from $2,950. The second greatest value Monroe rental home is the 516 Pine Hills Dr Model at 516 Pine Hills Dr starting at $3,250 with a $1.81 price per square foot. Here is today’s list of the best values for Monroe homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
2102 Elmwood Dr2102 Elmwood Dr4BR, 2.5BA$1.04
516 Pine Hills Dr516 Pine Hills Dr3BR, 2BA$1.81
305 Grant Dr305 Grant Dr3BR, 1.5BA$1.30
1510 S 5th St1510 S 5th St4BR, 1BA$0.75
227 Duncan Cir227 Duncan Cir3BR, 1BA$1.25
103 Tennessee St103 Tennessee St2BR, 1BA$0.57
307 Morton307 Morton2BR, 1BA$0.63
1006 Killoden Dr1006 Killoden Dr2BR, 1.5BA$1.07

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Monroe

What type of rentals are currently available in Monroe?

There are currently 123 Apartments for Rent in Monroe, LA with pricing that ranges from $472 to $3,500. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $395 to $4,000.

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 $395 to $4,000 with an average monthly rent of $1,524.

How much are larger Three and Four Bedroom Rentals in Monroe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monroe range from $650 to $3,266, while Three Bedroom Homes, Condos, and Townhomes for rent range from $525 to $3,395. Four Bedroom Single-Family rentals are also available starting from $795 and Four Bedroom Apartments start at $975.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.