
Cheap Homes for Rent in Monroe, SD from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Monroe.


3506 S Sertoma Ave

7013 56th St
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.

7021 56th St

7029 56th St

350 N Main Ave
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.

535 Figzel Ct
Monroe, SD 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 | $1,255 | $865 | $1,750 |
Monroe 3 Bedroom Homes for Rent | $1,826 | $975 | $2,660 |
Monroe 4 Bedroom Homes for Rent | $2,215 | $2,000 | $2,350 |
Monroe 5 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
Browse Top Homes for Rent in Monroe
Explore Monroe
Monroe, SD Local Guide
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Cheapest Available Monroe Apartments for Rent and Nearby
 The cheapest available apartment rental in Monroe, SD is a 2 Beds unit found at Forty One Flats priced from $612. Bentwood Manor Apartments in the Empire Mall neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. Here is today’s list of the most affordable Monroe apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Forty One Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $612 |
Bentwood Manor Apartments | 1 Bed 1 Bath | 1BR,1BA | $755 |
Heritage Place Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $825 |
Best Value Apartments for Rent in Monroe, SD and Nearby
As of May 24, 2025 the best value apartment in the Monroe area is the $1.06 price per square foot 2bd2ba Model at Saddle Creek Townhomes in the in the Southwest Sioux Falls neighborhood starting from $1,195. The second greatest value Monroe apartment is the 3 Bedroom 1.5 Bathroom Model at Stoney Creek Townhomes starting at $1,120 with a $1.03 price per square foot . 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. |
---|---|---|---|
Saddle Creek Townhomes | 2bd2ba | 2BR,2BA | $1.06 |
Stoney Creek Townhomes | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.03 |
Boulder Creek Townhomes | 2bd2ba | 2BR,2BA | $1.08 |
West Briar Estates | 2 Bedroom 1 Bath | 2BR,1BA | $1.01 |
Bentwood Manor Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.88 |
Roosevelt Estates of Sioux Falls | 2 Bedroom | 2BR,1BA | $1.13 |
Heritage Place Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $0.92 |
Park Place Condominiums | 2 BEDROOM A | 2BR,1BA | $1.14 |
Pheasant View Apartments | 1 BEDROOM | 1BR,1BA | $0.98 |
Forty One Flats | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.77 |
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.
Frequently Asked Questions about Monroe
What type of rentals are currently available in Monroe?
There are currently 38 Apartments for Rent in Monroe, SD with pricing that ranges from $399 to $2,814. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $865 to $2,660.
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 $865 to $2,660 with an average monthly rent of $1,868.
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.

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.

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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.