Cheap Apartments for Rent in the Downtown Monroe Neighborhood of Monroe, MI from $500 (14 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Medallion Manor
1 to 2 Bedroom Apartments

Medallion Manor

741 N Macomb StMonroe, MI 48162
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423 Washington
1 Bedroom Apartments

423 Washington

423 Washington StMonroe, MI 48161
  • Utilities Included
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Norman Towers
1 Bedroom Apartments

Norman Towers

810 W Elm AveMonroe, MI 48162
Senior Living
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Sterling Pointe
1 to 2 Bedroom Apartments

Sterling Pointe

1166 N Macomb StMonroe, MI 48162
  • Utilities Included

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Downtown Monroe, Monroe, MI Local Guide

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 Legacy at Western Arms priced from $750. Washington Arms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable Downtown Monroe apartments for rent in Monroe, MI:

Apartment ListingModel NameBed/BathPriced From
Legacy at Western Arms1 Bed, 1 bath1BR,1BA$750
Washington Arms1 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 Downtown Monroe, MI

As of June 13, 2025 the best value apartment in the Downtown Monroe area is the $1.26 price per square foot 2x2 1110 Model at Landings at Cedar Creek in the in the Arbor Creek neighborhood starting from $1,400. The second greatest value Downtown Monroe apartment is the Sterling Suite Model at Sterling Downtown Ext Stay And Short Term starting at $1,200 with a $1.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Landings at Cedar Creek2x2 11102BR,2BA$1.26
Sterling Downtown Ext Stay And Short TermSterling Suite1BR,1BA$1.20
Custer Estates ApartmentsTwo Bedroom2BR,1BA$1.12
Washington Arms2 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
Hampton Apartments & TownhomesRanch Series One Bedroom1BR,1BA$1.46
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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Pet Friendly Lifestyle
Downtown Monroe, Monroe, MI

Ranked #1

Among neighborhoods in Monroe, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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 $750 at Legacy at Western Arms.

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 $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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.