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 July 2025, Monroe's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monroe's average rent is 6.5% ($101) higher than the North Carolina average of $1,562 and 6.3% ($112) lower than the U.S. average of $1,775.

Average Rent

$1,663

Monthly ChangeMonth Over Month Change

1.2% ($21)

Yearly ChangeYear Over Year Change

6.7% ($120)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,365	4% ($57)	2% ($27)
2 Beds	$1,554	1.9% ($30)	7.1% ($118)
3 Beds	$2,068	4.8% ($94)	6.5% ($127)

Nearby Cities	Average Rent	Avg. Rent vs. MonroeAverage Rent vs. Monroe	Avg. Days on MarketAverage Days on Market
Wingate	$1,483	10.8% ($180)	33 days
Indian Trail	$1,784	7.3% ($121)	29 days
Marshville	$1,079	35.1% ($584)	29 days
Waxhaw	$1,531	7.9% ($132)	30 days
Matthews	$1,694	1.9% ($31)	30 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.

What is the average rent in Monroe, NC?

The average rent in Monroe, NC is $1,663 per month.

What is the rental price range for apartments in Monroe, NC?

Apartments in Monroe typically rent for between $956 and $2,688 per month, with an average of $1,663 per month.

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

In Monroe, the average rent for a 1-bedroom apartment is $1,365 per month, for a 2-bedroom apartment, $1,554 per month, and a 3-bedroom apartment is $2,068 per month.

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

The average rent in Monroe is 6.3% ($112) lower than the national average of $1,775 per month.

How have rent prices in Monroe, NC changed recently?

The average rent in Monroe has decreased by 1.2% ($21) in the last month and decreased by 6.7% ($120) over the past year.

How competitive is the rental market in Monroe, NC?

The rental market in Monroe, NC, 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, NC?

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.

How many rental properties are available in Monroe, NC?

There are currently 28 rental properties available in Monroe, NC.

Can I afford to rent an apartment in Monroe, NC?

Based on the current averages, a household would need an annual income of $62,160 to comfortably afford a 2-bedroom apartment in Monroe.