Cheap Apartments for Rent in Monroe, MI from $400 (14 Rentals)

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

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Chestnut Hills
Studio to 1 Bedroom Apartments

Chestnut Hills

2840 N Monroe StMonroe, MI 48162
  • Utilities Included
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Medallion Manor
1 to 2 Bedroom Apartments

Medallion Manor

741 N Macomb StMonroe, MI 48162

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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423 Washington
1 Bedroom Apartments

423 Washington

423 Washington StMonroe, MI 48161
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Norman Towers
1 Bedroom Apartments

Norman Towers

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

Top Neighborhoods Near Toledo Colleges and Universities

Learn about Toledo and the best places to live with original content written by our Local Expert Catrina Cowart

Monroe, MI Local Guide

Cheapest Neighborhoods for Apartments in Monroe, MI

Pricing Updated: 06/25/2025

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$1,435$75038

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, MI is a 1 Bed unit found at Legacy at Western Arms in the Arbor Creek neighborhood priced from $750. Frenchtown Flats in the Arbor Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legacy at Western Arms1 Bed, 1 bath1BR,1BA$750
Frenchtown Flats1 Bed 1 Bath Apt.1BR,1BA$760
Foxton ApartmentsStudioStudio,1BA$799
Hidden Trail Apartments1x11BR,1BA$850
River Raisin ApartmentsOne Bedroom1BR,1BA$855

Best Value Apartments for Rent in Monroe, MI and Nearby

As of June 26, 2025 the best value apartment in the Monroe area is the $1.08 price per square foot 2BR/1.0BA Model at ONE11 RESIDENCES - MONROE in the in the Arbor Creek neighborhood starting from $1,295. The second greatest value Monroe apartment is the Amber 3 Model at Plum Grove starting at $1,200 with a $1.08 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.
ONE11 RESIDENCES - MONROE2BR/1.0BA2BR,1BA$1.08
Plum GroveAmber 31BR,1BA$1.08
Sterling Downtown Ext Stay And Short TermSterling Suite1BR,1BA$1.20
Frenchtown Flats2 Bed 1 Bath Apt.2BR,1BA$1.06
Appleton Ridge ApartmentsLarge, Affordable, Updated 2 Bed / 1.5 Bath Apa...2BR,1.5BA$1.14
437 N Monroe St, Unit B437 N Monroe St1BR,1BA$1.25
49 S Monroe St, Unit Front49 S Monroe St1BR,1BA$1.36
Legacy at Western Arms1 Bed, 1 bath1BR,1BA$1.15
River Raisin ApartmentsOne Bedroom1BR,1BA$1.32
Hidden Trail Apartments1x11BR,1BA$1.32

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

Explore Monroe, MI Rentals by Map

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Getting Around Monroe, MI

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $750 at Legacy at Western Arms.

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 $850 at Legacy at Western Arms.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.