Cheap Apartments for Rent in the Downtown Monroe Neighborhood of Monroe, MI from $500 (22 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 74 W Front St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

74 W Front St, Unit 74, Unit 74

74 W Front St
MonroeMI48161
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Medallion Manor
1 to 2 Bedroom Apartments

Medallion Manor

741 N Macomb StMonroe, MI 48162
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Norman Towers
1 to 2 Bedroom Apartments

Norman Towers

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

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.

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Meadowbrook Estates
2 to 4 Bedroom Apartments

Meadowbrook Estates

1250 Strandwyck DrMonroe, MI 48161
  • Utilities Included
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Appleton Ridge
1 to 2 Bedroom Apartments

Appleton Ridge

620-628 John Anderson CtMonroe, MI 48162
  • 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.

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Showing Results 1-22, 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 River Raisin Apartments priced from $875. Greenwycke Crossings has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Downtown Monroe apartments for rent in Monroe, MI:

Apartment ListingModel NameBed/BathPriced From
River Raisin ApartmentsOne Bedroom1BR,1BA$875
Greenwycke CrossingsOne Bedroom One Bathroom1BR,1BA$880
Oak Forest Townhomes & ApartmentsOne Bedroom (A1) The Kent1BR,1BA$925
Frenchtown Flats2 Bed 1 Bath Apt.2BR,1BA$940
Sterling Pointe1 Bedroom Upgrade1BR,1BA$950

Best Value Apartments for Rent in Downtown Monroe, MI

As of May 07, 2026 the best value apartment in the Downtown Monroe area is the $0.60 price per square foot 17 E 2nd St Model at 17 E 2nd St, Unit 17 E Second St in the in the Arbor Creek neighborhood starting from $1,500. The second greatest value Downtown Monroe apartment is the 2 Bed 2 Bath Apt. Model at Frenchtown Flats starting at $995 with a $1.17 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.
17 E 2nd St, Unit 17 E Second St17 E 2nd St2BR,2BA$0.60
Frenchtown Flats2 Bed 2 Bath Apt.2BR,2BA$1.17
River Raisin ApartmentsOne Bedroom1BR,1BA$1.35
Hampton Apartments & TownhomesRanch Series One Bedroom1BR,1BA$1.50
Sterling Pointe1 Bedroom Standard1BR,1BA$1.50
Oak Forest Townhomes & ApartmentsOne Bedroom (A1) The Kent1BR,1BA$1.52
17 W 1st St, Unit 17-317 W 1st St1BR,1BA$1.50
Greenwycke CrossingsOne Bedroom One Bathroom1BR,1BA$1.74

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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Quick 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.

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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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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 $875 at River Raisin Apartments.

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 $940 at Frenchtown Flats.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.