Cheap Homes for Rent in Monroe, NC from $1,200 (14 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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Monroe, NC Local Guide

Cheapest Available Monroe Apartments for Rent

 

The cheapest available apartment rental in Monroe, NC is a Studio unit found at Woodbrook Apartment Homes in the Icemorlee neighborhood priced from $1,045. 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
Woodbrook Apartment HomesStudioStudio,1BA$1,045
Sunset Apartments1 Bedroom 1 Bath1BR,1BA$1,100
Nottingham Apartments1 Bedroom 1 Bath1BR,1BA$1,165
Pinewood Trace2 BR / 1 BA2BR,1BA$1,275
Arka HeightsStudio - 3FloorStudio,1BA$1,355

Best Value Apartments for Rent in Monroe, NC

As of June 16, 2025 the best value apartment in the Monroe area is the $1.34 price per square foot Douglas Model at Founders Point in the in the Icemorlee neighborhood starting from $2,202. The second greatest value Monroe apartment is the Caswell Model at Poplin Trace starting at $2,275 with a $1.42 price per square foot in the Stoneybrook 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.
Founders PointDouglas3BR,2.5BA$1.34
Poplin TraceCaswell3BR,2.5BA$1.42
Redwood MonroeForestwood2BR,2BA$1.49
The Oaks at Monroe2BR/1.5BA2BR,1.5BA$1.36
Elevate Rocky RiverA1D1BR,1BA$1.95
Exchange at Indian TrailA-11BR,1BA$2.04
Village Square ApartmentsThe Birch2BR,1BA$2.13
Nottingham Apartments1 Bedroom 1 Bath1BR,1BA$1.68
Sunset Apartments2 Bedroom 1 Bath2BR,1BA$2.06
Arka HeightsStudio - 3FloorStudio ,1BA$2.27

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Frequently Asked Questions about Monroe

What type of rentals are currently available in Monroe?

There are currently 40 Apartments for Rent in Monroe, NC with pricing that ranges from $695 to $3,449. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $1,240 to $3,080.

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 $1,240 to $3,080 with an average monthly rent of $2,089.

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 $1,105 to $2,790, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,510 to $2,350. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,049.

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.