Michigan is bordered by four Great Lakes, making it a popular destination for boating and water activities. Michigan is also home to many national parks, including Isle Royale National Park and Sleeping Bear Dunes National Lakeshore. Explore the state's rich heritage through visits to renowned museums such as the Henry Ford Museum and the Michigan Historical Museum or get an excellent education at top universities like Michigan State University and the University of Michigan. In addition, Michigan boasts a robust economy in the manufacturing, technology, and tourism industries.

The state provides numerous opportunities for thrills and excitement. From soaking in the stunning views of the Great Lakes to hitting the ski slopes in the nearby mountains, outdoor enthusiasts will find plenty to love. Additionally, Michigan is home to several sports teams, including the Detroit Lions (NFL), Detroit Red Wings (NHL), Detroit Tigers (MLB), and Detroit Pistons (NBA). Explore famous attractions like Mackinac Island, the Detroit Institute of Arts, and scenic Mackinaw City.

Michigan offers a high quality of life, a strong economy, and a welcoming community, making it a great place to live.

Rental Market Trends

Monroe, MI

As of May 2026, Monroe's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monroe's average rent is 27.7% ($395) lower than the Michigan average of $1,424 and 42.5% ($760) lower than the U.S. average of $1,789.

Average Rent

$1,029

Monthly ChangeMonth Over Month Change

6.9% ($66)

Yearly ChangeYear Over Year Change

3.3% ($33)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$862	2.9% ($24)	6.2% ($50)
2 Beds	$1,113	2.8% ($30)	5.8% ($69)
3 Beds	$1,528	5.7% ($83)	4.4% ($64)

Nearby Cities	Average Rent	Avg. Rent vs. MonroeAverage Rent vs. Monroe	Avg. Days on MarketAverage Days on Market
Dundee	$885	14% ($144)	35 days
Rockwood	$1,411	37.1% ($382)	38 days
Belleville	$1,218	18.4% ($189)	40 days
Oregon	$1,252	21.7% ($223)	31 days
Toledo	$1,092	6.1% ($63)	34 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Monroe Rental Market FAQs

Explore rental prices, market trends, and availability in Monroe, MI.

What is the average rent in Monroe, MI?

The average rent in Monroe, MI is $1,029 per month.

What is the rental price range for homes in Monroe, MI?

Homes in Monroe typically rent for between $603 and $1,986 per month, with an average of $1,029 per month.

What is the average rent for different bedroom sizes in Monroe, MI?

In Monroe, the average rent for a 1-bedroom home is $862 per month, for a 2-bedroom home, $1,113 per month, and a 3-bedroom home is $1,528 per month.

How do rent prices in Monroe, MI compare with the national average?

The average rent in Monroe is 42.5% ($760) lower than the national average of $1,789 per month.

How have rent prices in Monroe, MI changed recently?

The average rent in Monroe has increased by 6.9% ($66) in the last month and increased by 3.3% ($33) over the past year.

How competitive is the rental market in Monroe, MI?

The rental market in Monroe, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Monroe, MI?

In Monroe, MI, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Monroe, MI?

There are currently 6 rental properties available in Monroe, MI.

Can I afford to rent a home in Monroe, MI?

Based on the current averages, a household would need an annual income of $44,520 to comfortably afford a 2-bedroom home in Monroe.