Cheap Homes for Rent in Monroe, MI from $600 (16 Rentals)

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Monroe, MI Local Guide

Cheapest Neighborhoods for Apartments in Monroe, MI

Pricing Updated: 05/25/2025

Current apartment rentals in the Monroe, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Monroe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Monroe$1,395$75040

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, MI is a 1 Bed unit found at Washington Arms in the Arbor Creek neighborhood priced from $760. Foxton Apartments in the Arbor Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington Arms1 Bed 1 Bath Apt.1BR,1BA$760
Foxton ApartmentsStudioStudio,1BA$799
Hidden Trail Apartments1x11BR,1BA$850
Oak Forest Townhomes & ApartmentsThe-Kent1BR,1BA$925
Hampton Apartments & TownhomesGarden Series Two Bedroom2BR,1BA$950

Best Value Apartments for Rent in Monroe, MI and Nearby

As of May 25, 2025 the best value apartment in the Monroe area is the $1.08 price per square foot 2BR/1.0BA Model at ONE11 RESIDENCES - MONROE in the in the Arbor Creek neighborhood starting from $1,295. The second greatest value Monroe apartment is the Formosa Upper Model at Plum Grove starting at $1,800 with a $1.51 price per square foot . Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ONE11 RESIDENCES - MONROE2BR/1.0BA2BR,1BA$1.08
Plum GroveFormosa Upper3BR,2BA$1.51
Landings at Cedar Creek2x2 11102BR,2BA$1.26
Sterling Downtown Ext Stay And Short TermSterling Suite1BR,1BA$1.20
Custer Estates ApartmentsTwo Bedroom2BR,1BA$1.02
Hampton Apartments & TownhomesGarden Series Two Bedroom2BR,1BA$1.06
Washington Arms2 Bed 1 Bath Apt.2BR,1BA$1.06
Appleton Ridge ApartmentsLarge, Affordable, Updated 2 Bed / 1.5 Bath Apa...2BR,1.5BA$1.14
Hidden Trail Apartments1x11BR,1BA$1.32
Oak Forest Townhomes & ApartmentsThe-Kent1BR,1BA$1.52

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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Frequently Asked Questions about Monroe

What type of rentals are currently available in Monroe?

There are currently 64 Apartments for Rent in Monroe, MI with pricing that ranges from $750 to $1,999. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $650 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 $650 to $2,500 with an average monthly rent of $1,257.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH

Written by: Catrina Cowart

Hello! I'm Catrina, your ApartmentHomeLiving.com Local Expert for Toledo, Ohio, and I'm ready to tell you all about the great neighborhoods you can be a part of in this multicultural city.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.