411 W 3rd St
MonroeMI48161
Cheap Homes for Rent in Downtown Monroe Neighborhood of Monroe, MI from $700 (3 Rentals)
Search the lowest-cost Homes 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.
765 N Macomb St
MonroeMI48162
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.
74 W Front St, Unit 74, Unit 74
74 W Front St
MonroeMI48161
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Downtown Monroe, Monroe, MI Local Guide
How much does it cost to rent a home in Downtown Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Monroe 2 Bedroom Homes for Rent | $1,150 | $1,150 | $1,150 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Monroe Neighborhood of Monroe, MI.
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Downtown Monroe, Monroe, MI Local Guide
- Nearby Monroe neighborhoods
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Best Value Apartments for Rent in Downtown Monroe, MI
As of May 08, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 17 E 2nd St, Unit 17 E Second St | 17 E 2nd St | 2BR,2BA | $0.60 |
| Frenchtown Flats | 2 Bed 2 Bath Apt. | 2BR,2BA | $1.17 |
| River Raisin Apartments | One Bedroom | 1BR,1BA | $1.35 |
| Hampton Apartments & Townhomes | Ranch Series One Bedroom | 1BR,1BA | $1.50 |
| Sterling Pointe | 1 Bedroom Standard | 1BR,1BA | $1.50 |
| Oak Forest Townhomes & Apartments | One Bedroom (A1) The Kent | 1BR,1BA | $1.52 |
| 17 W 1st St, Unit 17-3 | 17 W 1st St | 1BR,1BA | $1.50 |
| Greenwycke Crossings | One Bedroom One Bathroom | 1BR,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.
Read Article
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.
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.
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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
Frequently Asked Questions about Downtown Monroe
What type of rentals are currently available in Downtown Monroe?
There are currently 52 Apartments for Rent in Downtown Monroe, MI with pricing that ranges from $799 to $1,999. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Monroe ranging from $700 to $1,200.
What is the current price range for Rental Homes in Downtown Monroe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Monroe ranges from $700 to $1,200 with an average monthly rent of $1,050.
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
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.
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.
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.
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.