Cheap Apartments for Rent in Monroe, WA from $1,795 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe.

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404 Railroad Ave
1 to 2 Bedroom Apartments

404 Railroad Ave

404 Railroad AveMonroe, WA 98272
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341 W Elizabeth St
2 to 3 Bedroom Apartments

341 W Elizabeth St

341 W Elizabeth StMonroe, WA 98272

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.

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Arbor Heights
2 Bedroom Apartments

Arbor Heights

16725 167th AveMonroe, WA 98272
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349 N Kelsey St
1 Bedroom Apartments

349 N Kelsey St

349 N Kelsey StMonroe, WA 98272
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351 Polk Ln
Studio Apartments

351 Polk Ln

351 Polk LnMonroe, WA 98272

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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212 S Blakely St
1 to 2 Bedroom Apartments

212 S Blakely St

212 S Blakely StMonroe, WA 98272

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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524 Terrace St
2 to 3 Bedroom Apartments

524 Terrace St

524 Terrace StMonroe, WA 98272
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Canoe Club
Studio Apartments

Canoe Club

18621 Blueberry LnMonroe, WA 98272
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356 Elizabeth St
2 Bedroom Apartments

356 Elizabeth St

356 Elizabeth StMonroe, WA 98272
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600 Elizabeth St
2 Bedroom Apartments

600 Elizabeth St

600 Elizabeth StMonroe, WA 98272
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Monroe Hospital
1 Bedroom Apartments

Monroe Hospital

126 W Main StMonroe, WA 98272

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.

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Village Way
Studio to 1 Bedroom Apartments

Village Way

936 Village WayMonroe, WA 98272
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Cherry Creek
1 to 3 Bedroom Apartments

Cherry Creek

520 S Kelsey StMonroe, WA 98272
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17614 W Main St
2 Bedroom Apartments

17614 W Main St

17614 W Main StMonroe, WA 98272

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.

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Sky River Apartments
2 to 3 Bedroom Apartments

Sky River Apartments

626 Terrace StMonroe, WA 98272
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Fairview
2 Bedroom Apartments

Fairview

14624 179th Ave SEMonroe, WA 98272
Showing Results 1-43, Page 1 of 1

Monroe, WA Local Guide

Cheapest Neighborhoods for Apartments in Monroe, WA

Pricing Updated: 09/11/2026

Current apartment rentals in the Monroe, WA area range in price from $1,861 to $2,850 with an overall median price of $2,328. Here is today’s list neighborhoods with the lowest median pricing for Monroe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lords Lake$2,328$1,86115
The Farm At Woods Creek$2,328$1,86115
The Summit at Sky Valley$2,328$1,86115

Cheapest Available Monroe Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Parkside2x12BR,1BA$1,795
Terra @ Monroe1x11BR,1BA$1,861

Best Value Apartments for Rent in Monroe, WA

As of September 11, 2026 the best value apartment in the Monroe area is the $2.45 price per square foot 3x1.5 Model at Parkside in the in the The Summit at Sky Valley neighborhood starting from $2,700. The second greatest value Monroe apartment is the 1x1 Model at Terra @ Monroe starting at $1,861 with a $2.46 price per square foot in the The Summit at Sky Valley 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.
Parkside3x1.53BR,1.5BA$2.45
Terra @ Monroe1x11BR,1BA$2.46

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

Explore Monroe, WA Rentals by Map

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See the most popular apartments and homes in Monroe, WA

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Frequently Asked Questions about Cheap Monroe Apartments

What is the lowest price for a Cheap Two Bedroom Monroe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monroe is starting from $1,795 at Parkside.

What is the most affordable Monroe Three Bedroom Apartment?

The best deal on a cheap Monroe Three Bedroom Apartment rental is at Terra @ Monroe and starts from $2,657.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.