Cheap Apartments for Rent in the Downtown Monroe Neighborhood of Monroe, MI from $500 (15 Rentals)

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

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.

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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Medallion Manor
1 to 2 Bedroom Apartments

Medallion Manor

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

423 Washington

423 Washington StMonroe, MI 48161
  • Utilities Included
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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.

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 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 ListingModel NameBed/BathPriced From
Frenchtown Flats1 Bed 1 Bath Apt.1BR,1BA$695
Legacy at Western Arms1 Bed, 1 bath1BR,1BA$750
Foxton ApartmentsStudioStudio,1BA$799
Hampton Apartments & TownhomesGarden Series One Bedroom1BR,1BA$850
River Raisin ApartmentsOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
115 E Elm Ave, Unit F1115 E Elm Ave2BR,1BA$1.03
ONE11 RESIDENCES - MONROE1BD | 1BTH1BR,1BA$1.19
Hidden Trail Apartments2x12BR,1BA$1.11
Frenchtown Flats1 Bed 1 Bath Apt.1BR,1BA$0.98
River Raisin ApartmentsOne Bedroom1BR,1BA$1.35
Legacy at Western Arms1 Bed, 1 bath1BR,1BA$1.15
Sterling Pointe1 Bedroom Upgrade1BR,1BA$1.50
Oak Forest Townhomes & ApartmentsThe-Kent1BR,1BA$1.52
Garden Court ApartmentsOne Bedroom, One Bath (Renovated)1BR,1BA$1.77
Hampton Apartments & TownhomesRanch Series StudioStudio ,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.

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The 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.

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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Downtown Monroe, Monroe, MI

Ranked #2

Among cities in Michigan 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 $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

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.