Cheap Apartments for Rent in the Downtown Monroe Neighborhood of Monroe, MI from $500 (21 Rentals)

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

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.

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38 Virginia Dr
1 to 2 Bedroom Apartments

38 Virginia Dr

38 Virginia DrMonroe, MI 48162
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601 S Monroe St
1 Bedroom Apartments

601 S Monroe St

601 S Monroe StMonroe, MI 48161
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Norman Towers
1 to 2 Bedroom Apartments

Norman Towers

810 W Elm AveMonroe, MI 48162
Senior Living
  • Utilities Included
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Meadowbrook Estates
2 to 4 Bedroom Apartments

Meadowbrook Estates

1250 Strandwyck DrMonroe, MI 48161
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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.

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Appleton Ridge
1 to 2 Bedroom Apartments

Appleton Ridge

620-628 John Anderson CtMonroe, MI 48162
  • Utilities Included

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.

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Showing Results 1-21, Page 1 of 1

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. Hampton Apartments & Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $885. 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
Hampton Apartments & TownhomesRanch Series StudioStudio,1BA$885
Foxton Apartments1 BedroomStudio,1BA$899
Oak Forest Townhomes & ApartmentsOne Bedroom (A1) The Kent1BR,1BA$925
Frenchtown Flats1 Bed 1 Bath Apt.1BR,1BA$945

Best Value Apartments for Rent in Downtown Monroe, MI

As of August 07, 2026 the best value apartment in the Downtown Monroe area is the $1.22 price per square foot 2 Bedroom Upgrade Model at Sterling Pointe in the in the Monroe neighborhood starting from $1,050. The second greatest value Downtown Monroe apartment is the Three Bedroom One and Half Bathroom Model at Greenwycke Crossings starting at $1,305 with a $1.52 price per square foot in the Monroe 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.
Sterling Pointe2 Bedroom Upgrade2BR,1BA$1.22
Greenwycke CrossingsThree Bedroom One and Half Bathroom3BR,1.5BA$1.52
Frenchtown Flats2 Bed 1 Bath Apt.2BR,1BA$1.28
Legacy at Western Arms1 Bed, 1 bath1BR,1BA$1.15
Oak Forest Townhomes & ApartmentsOne Bedroom (A1) The Kent1BR,1BA$1.52
Hampton Apartments & TownhomesRanch Series StudioStudio ,1BA$2.21
Foxton Apartments1 BedroomStudio ,1BA$3.12

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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Pet Friendly Lifestyle
Downtown Monroe, Monroe, MI

Ranked #2

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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.

What is the most affordable Downtown Monroe Three Bedroom Apartment?

The best deal on a cheap Downtown 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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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.