
Cheap Apartments for Rent in the Downtown Monroe Neighborhood of Monroe, MI from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Monroe area of Monroe.


Legacy at Western Arms

Foxton Apartments

Greenwycke Crossings

Hampton Apartments & Townhomes
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.

1910 S Custer Rd

River Raisin Apartments

Hidden Trail Apartments

Garden Court Apartments
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.

411 W 3rd St

Mable H. Kehres - Income Based 62+ Preference
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.
Downtown Monroe, Monroe, MI Local Guide

How much does it cost to rent an apartment in Downtown Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Monroe Studio Apartments | $851 | $799 | $885 |
| Downtown Monroe 1 Bedroom Apartments | $877 | $730 | $1,075 |
| Downtown Monroe 2 Bedroom Apartments | $1,113 | $850 | $1,850 |
| Downtown Monroe 3 Bedroom Apartments | $1,433 | $1,149 | $1,999 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Monroe Neighborhood of Monroe, MI.
See all Apartments in MonroeExplore Monroe
Downtown Monroe, Monroe, MI Local Guide
- Nearby Monroe neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Monroe Apartments for Rent
 The cheapest available apartment rental in the Downtown Monroe area of Monroe, MI is a 1 Bed unit found at Frenchtown Flats priced from $695. Legacy at Western Arms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Monroe apartments for rent in Monroe, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Frenchtown Flats | 1 Bed 1 Bath Apt. | 1BR,1BA | $695 |
| Legacy at Western Arms | 1 Bed, 1 bath | 1BR,1BA | $750 |
| Foxton Apartments | Studio | Studio,1BA | $799 |
| Hampton Apartments & Townhomes | Garden Series One Bedroom | 1BR,1BA | $850 |
| River Raisin Apartments | One Bedroom | 1BR,1BA | $875 |
Best Value Apartments for Rent in Downtown Monroe, MI
As of December 11, 2025 the best value apartment in the Downtown Monroe area is the $1.03 price per square foot 115 E Elm Ave Model at 115 E Elm Ave, Unit F1 in the in the Arbor Creek neighborhood starting from $1,200. The second greatest value Downtown Monroe apartment is the 1BD | 1BTH Model at ONE11 RESIDENCES - MONROE starting at $1,075 with a $1.19 price per square foot in the Arbor Creek neighborhood. Here is today’s list of the best values for Downtown Monroe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 115 E Elm Ave, Unit F1 | 115 E Elm Ave | 2BR,1BA | $1.03 |
| ONE11 RESIDENCES - MONROE | 1BD | 1BTH | 1BR,1BA | $1.19 |
| Hidden Trail Apartments | 2x1 | 2BR,1BA | $1.11 |
| Frenchtown Flats | 1 Bed 1 Bath Apt. | 1BR,1BA | $0.98 |
| River Raisin Apartments | One Bedroom | 1BR,1BA | $1.35 |
| Legacy at Western Arms | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
| Sterling Pointe | 1 Bedroom Upgrade | 1BR,1BA | $1.50 |
| Oak Forest Townhomes & Apartments | The-Kent | 1BR,1BA | $1.52 |
| Garden Court Apartments | One Bedroom, One Bath (Renovated) | 1BR,1BA | $1.77 |
| Hampton Apartments & Townhomes | Ranch Series Studio | Studio ,1BA | $2.18 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
Pet Friendly LifestyleDowntown Monroe, Monroe, MI
Ranked #2
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Monroe Neighborhood in Monroe, MI
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Monroe Apartments
How much is rent for a Cheap One Bedroom Downtown Monroe Apartment?
The lowest price for a Cheap One Bedroom Downtown Monroe Apartment is $695 at Frenchtown Flats.
What is the lowest price for a Cheap Two Bedroom Downtown Monroe Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Monroe is starting from $810 at Frenchtown Flats.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.



