3843 Peru St
ToledoOH43612
Cheap Homes for Rent in Monroe, MI from $700 (15 Rentals)
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340 E Lake St
ToledoOH43608
5046 Northfield Dr
MonroeMI48161
216 W Sylvania Ave
ToledoOH43612
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$8501 Bedroom Apartments Available Now
423 Washington St, Unit 2
423 Washington StMonroe, MI 48161
Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses
Explore the top Toledo neighborhoods for student rentals near major universities, campuses, parks, and hospitals—perfect for every stage of college life.
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$8501 Bedroom Apartments Contact Us For Availability
423 Washington St
423 Washington StMonroe, MI 48161
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$9002 Bedroom Apartments Available Now
1110 Humphrey St, Unit 2
1110 Humphrey StMonroe, MI 48161
4124 Vermaas Ave
ToledoOH43612
213 Warrington Rd
ToledoOH43612
3035 N Ontario St
ToledoOH43611
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.
247 E Pearl St
ToledoOH43608
14210 Telegraph Rd
Flat RockMI48134
3212 Maher St
ToledoOH43608
310 Pasadena Blvd
ToledoOH43612
316 Columbus St
ToledoOH43611
Top Neighborhoods Near Toledo Colleges and Universities
Learn about Toledo and the best places to live with original content written by our Local Expert Catrina Cowart
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Monroe, MI Local Guide
How much does it cost to rent a home in Monroe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe 2 Bedroom Homes for Rent | $1,402 | $725 | $2,500 |
| Monroe 3 Bedroom Homes for Rent | $1,267 | $1,050 | $1,650 |
| Monroe 4 Bedroom Homes for Rent | $1,345 | $1,045 | $1,800 |
| Monroe 5 Bedroom Homes for Rent | $1,400 | $1,400 | $1,400 |
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Monroe, MI Local Guide
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Cheapest Neighborhoods for Apartments in Monroe, MI
Pricing Updated: 08/07/2026Current apartment rentals in the Monroe, MI area range in price from $750 to $2,025 with an overall median price of $1,020. Here is today’s list neighborhoods with the lowest median pricing for Monroe Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Monroe | $1,020 | $750 | 14 |
Cheapest Available Monroe Apartments for Rent and Nearby
The cheapest available apartment rental in Monroe, MI is a 1 Bed unit found at Legacy at Western Arms in the Monroe neighborhood priced from $750. Hampton Apartments & Townhomes in the Monroe neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $885. Here is today’s list of the most affordable Monroe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy at Western Arms | 1 Bed, 1 bath | 1BR,1BA | $750 |
| Hampton Apartments & Townhomes | Ranch Series Studio | Studio,1BA | $885 |
| Foxton Apartments | 1 Bedroom | Studio,1BA | $899 |
| Oak Forest Townhomes & Apartments | One Bedroom (A1) The Kent | 1BR,1BA | $925 |
| Frenchtown Flats | 1 Bed 1 Bath Apt. | 1BR,1BA | $945 |
Best Value Apartments for Rent in Monroe, MI and Nearby
As of August 07, 2026 the best value apartment in the Monroe area is the $1.69 price per square foot Greensboro Model at Plum Grove in the in the Monroe neighborhood starting from $2,300. The second greatest value Monroe apartment is the Two Bedroom Model at Custer Estates Apartments starting at $1,129 with a $1.18 price per square foot in the Monroe neighborhood. Here is today’s list of the best values for Monroe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Plum Grove | Greensboro | 3BR,2BA | $1.69 |
| Custer Estates Apartments | Two Bedroom | 2BR,1BA | $1.18 |
| Sterling Pointe | 2 Bedroom Upgrade | 2BR,1BA | $1.22 |
| Greenwycke Crossings | Three Bedroom One and Half Bathroom | 3BR,1.5BA | $1.52 |
| Frenchtown Flats | 2 Bed 1 Bath Apt. | 2BR,1BA | $1.28 |
| Legacy at Western Arms | 1 Bed, 1 bath | 1BR,1BA | $1.15 |
| Oak Forest Townhomes & Apartments | One Bedroom (A1) The Kent | 1BR,1BA | $1.52 |
| Hampton Apartments & Townhomes | Ranch Series Studio | Studio ,1BA | $2.21 |
| Foxton Apartments | 1 Bedroom | Studio ,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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Best Local Schools in Monroe, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monroe, MI Rentals by Map
See the most popular apartments and homes in Monroe, MI
Frequently Asked Questions about Monroe
What type of rentals are currently available in Monroe?
There are currently 62 Apartments for Rent in Monroe, MI with pricing that ranges from $750 to $2,300. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $700 to $2,500.
What is the current price range for Rental Homes in Monroe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monroe ranges from $700 to $2,500 with an average monthly rent of $1,302.
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
Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses
Written by: Catrina Cowart
Toledo is home to multiple higher-education institutions, with the University of Toledo topping that list.
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.
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.
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.