Cheap Homes for Rent in Monroe, NC from $600 (11 Rentals)

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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.

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.

Monroe, NC Local Guide

Cheapest Available Monroe Apartments for Rent

 

The cheapest available apartment rental in Monroe, NC is a 1 Bed unit found at Monticello Gardens in the Icemorlee neighborhood priced from $985. Sunset Apartments in the Urban Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monticello GardensUpdated1BR,1BA$985
Sunset Apartments1 Bedroom 1 Bath1BR,1BA$1,100
Pinewood Trace1 BR / 1.5 BA1BR,1BA$1,175
Woodbrook Apartment HomesOne Bedroom1BR,1BA$1,290
Piedmont LoftsStudio1BR,1BA$1,300

Best Value Apartments for Rent in Monroe, NC

As of July 07, 2026 the best value apartment in the Monroe area is the $1.25 price per square foot 3 x 2 Intrigue C2SFsi Model at Wingate Meadows Rental Homes in the in the Urban Hills neighborhood starting from $2,170. The second greatest value Monroe apartment is the Capewood Model at Redwood Monroe starting at $2,399 with a $1.48 price per square foot in the Icemorlee neighborhood. 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.
Wingate Meadows Rental Homes3 x 2 Intrigue C2SFsi3BR,2.5BA$1.25
Redwood MonroeCapewood2BR,2BA$1.48
Poplin TraceCaswell3BR,2.5BA$1.36
Founders PointHemingway3BR,2.5BA$1.42
The Oaks at Monroe2BR/1.5BA2BR,1.5BA$1.32
Pinewood Trace2 BR/1.5 BA TH2BR,1.5BA$1.43
Nottingham Apartments2 Bedroom 2 Bath2BR,2BA$1.65
Elevate Rocky RiverA1A1BR,1BA$1.91
Monticello GardensUpdated1BR,1BA$1.56
Sunset Apartments2 Bedroom 1 Bath2BR,1BA$2.06

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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Top Neighborhoods Near Charlotte Colleges and Universities

Learn About the Best Neighborhoods to Rent Near College Campuses in Charlotte, NC | Find Charlotte Off-Campus Student Housing at ApartmentHomeLiving.com

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Monroe

What type of rentals are currently available in Monroe?

There are currently 47 Apartments for Rent in Monroe, NC with pricing that ranges from $850 to $4,870. There are also 159 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $645 to $2,850.

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 $645 to $2,850 with an average monthly rent of $2,039.

How much are larger Three and Four Bedroom Rentals in Monroe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monroe range from $1,205 to $4,870, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,820. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $2,245.

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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Charlotte, NC

Written by: Carrie Catalano

I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. I moved to the Triangle area of North Carolina in the summer of 2024 and have been exploring the state since.

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Experts Guide to the Top Neighborhoods in Charlotte, NC for College Renters

Written by: Carrie Catalano

I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, North Carolina. Charlotte is an exciting place to live for anyone, but particularly for college students.

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Your Local Experts Guide to Top Neighborhoods to Rent Near Charlottes Big Four Employers

Written by: Carrie Catalano

I'm Carrie, and I've been calling the Charlotte area home for a few years now.

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Authentic Charlotte: An Insider's Guide to the Queen Citys Neighborhoods and Quirks

Written by: Carrie Catalano

Hello from Charlotte, North Carolina! I'm Carrie, your ApartmentHomeLiving.com Local Expert for Charlotte, and I'm thrilled to share the inside scoop on this incredible city that I've called home for over a decade.

Articles, How-To's, and Tips

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.