Apartments & Condos for Rent in Monroe, NC

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What to Know About

Life in Monroe & Beyond

Monroe shares many of the great qualities that make North Carolina a desirable place to live.

North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.

There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.

With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.

Rental Market Trends

Monroe, NC

As of May 2025, Monroe's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monroe's average rent is 9.8% ($156) higher than the North Carolina average of $1,593 and 2.5% ($44) lower than the U.S. average of $1,793.

Average Rent
$1,749
Monthly ChangeMonth Over Month Change
Decreased3.6% ($65)
Yearly ChangeYear Over Year Change
Decreased6.8% ($128)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,403 Decreased0.3% ($4) Decreased0.3% ($4)
2 Beds $1,595 Decreased0.1% ($1) Increased1.3% ($21)
3 Beds $1,981 Increased0.8% ($15) Increased1.5% ($30)
Nearby Cities Average Rent Avg. Rent vs. MonroeAverage Rent vs. Monroe Avg. Days on MarketAverage Days on Market
Wingate $1,483 Decreased15.2% ($266) 33 days
Indian Trail $1,930 Increased10.3% ($181) 29 days
Waxhaw $1,749 No change 30 days
Matthews $1,775 Increased1.5% ($26) 30 days
Midland $2,093 Increased19.7% ($344) 28 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, NC.

The average rent in Monroe, NC is $1,749 per month.
Apartments in Monroe typically rent for between $982 and $2,575 per month, with an average of $1,749 per month.
In Monroe, the average rent for a 1-bedroom apartment is $1,403 per month, for a 2-bedroom apartment, $1,595 per month, and a 3-bedroom apartment is $1,981 per month.
The average rent in Monroe is 2.5% ($44) lower than the national average of $1,793 per month.
The average rent in Monroe has decreased by 3.6% ($65) in the last month and decreased by 6.8% ($128) over the past year.
The rental market in Monroe, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Monroe, NC, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 61 rental properties available in Monroe, NC.
Based on the current averages, a household would need an annual income of $63,800 to comfortably afford a 2-bedroom apartment in Monroe.
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