Cheap Apartments for Rent in Monroe, MI from $400 (26 Rentals)

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

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.

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Chestnut Hills
Studio to 2 Bedroom Apartments

Chestnut Hills

2840 N Monroe StMonroe, MI 48162
  • Utilities Included

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.

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Medallion Manor
1 to 2 Bedroom Apartments

Medallion Manor

741 N Macomb StMonroe, MI 48162
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Norman Towers
1 to 2 Bedroom Apartments

Norman Towers

810 W Elm AveMonroe, MI 48162
Senior Living
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Meadowbrook Estates
2 to 4 Bedroom Apartments

Meadowbrook Estates

1250 Strandwyck DrMonroe, MI 48161
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-26, Page 1 of 1

Monroe, MI Local Guide

Cheapest Neighborhoods for Apartments in Monroe, MI

Pricing Updated: 05/07/2026

Current apartment rentals in the Monroe, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Monroe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Monroe$1,514$79917

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, MI is a 1 Bed unit found at River Raisin Apartments in the Arbor Creek neighborhood priced from $875. Greenwycke Crossings in the Downtown Monroe neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Raisin ApartmentsOne Bedroom1BR,1BA$875
Greenwycke CrossingsOne Bedroom One Bathroom1BR,1BA$880
Oak Forest Townhomes & ApartmentsOne Bedroom (A1) The Kent1BR,1BA$925
Frenchtown Flats2 Bed 1 Bath Apt.2BR,1BA$940
Sterling Pointe1 Bedroom Upgrade1BR,1BA$950
Hampton Apartments & TownhomesRanch Series One Bedroom1BR,1BA$975
Custer Estates ApartmentsTwo Bedroom2BR,1BA$999
Plum GroveAmber 31BR,1BA$1,200
Landings at Cedar CreekTwo Bedroom, Two Bathroom (Renovated)2BR,2BA$1,299

Best Value Apartments for Rent in Monroe, MI and Nearby

As of May 07, 2026 the best value apartment in the Monroe area is the $0.60 price per square foot 17 E 2nd St Model at 17 E 2nd St, Unit 17 E Second St in the in the Arbor Creek neighborhood starting from $1,500. The second greatest value Monroe apartment is the Greensboro Model at Plum Grove starting at $2,300 with a $1.69 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
17 E 2nd St, Unit 17 E Second St17 E 2nd St2BR,2BA$0.60
Plum GroveGreensboro3BR,2BA$1.69
Landings at Cedar CreekTwo Bedroom, Two Bathroom (Renovated)2BR,2BA$1.17
Custer Estates ApartmentsTwo Bedroom2BR,1BA$1.04
Frenchtown Flats2 Bed 2 Bath Apt.2BR,2BA$1.17
Hampton Apartments & TownhomesRanch Series One Bedroom1BR,1BA$1.50
River Raisin ApartmentsOne Bedroom1BR,1BA$1.35
Sterling Pointe1 Bedroom Standard1BR,1BA$1.50
Oak Forest Townhomes & ApartmentsOne Bedroom (A1) The Kent1BR,1BA$1.52
17 W 1st St, Unit 17-317 W 1st St1BR,1BA$1.50

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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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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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.

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Best Local Schools in
Monroe, MI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Monroe Apartments

How much is rent for a Cheap One Bedroom Monroe Apartment?

The lowest price for a Cheap One Bedroom Monroe Apartment is $875 at River Raisin Apartments.

What is the lowest price for a Cheap Two Bedroom Monroe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $940 at Frenchtown Flats.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Oak Forest Townhomes & Apartments and starts from $1,149.

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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A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH

Written by: Catrina Cowart

Hello! I'm Catrina, your ApartmentHomeLiving.com Local Expert for Toledo, Ohio, and I'm ready to tell you all about the great neighborhoods you can be a part of in this multicultural city.

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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.

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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.

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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.