Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Life in Monroe & Beyond
Monroe shares many of the great qualities that make New York a desirable place to live.
New York state is known for its iconic skyscrapers, cultural diversity, and history. Visit notable museums, such as the Metropolitan Museum of Art, the American Museum of Natural History, and the Museum of Modern Art, to learn about the state's cultural heritage. New York is also home to prestigious universities like Columbia University, Cornell University, and New York University. The theater and art scene also thrive in New York, with world-renowned museums and performance centers in NYC like the Metropolitan Museum of Art, Lincoln Center, and Carnegie Hall.
From the breathtaking peaks of the Adirondack and Catskill Mountains to the scenic beauty of the Finger Lakes, outdoor enthusiasts will find plenty to explore. In terms of sports, New York is home to many professional teams like the New York Giants (NFL), Buffalo Bills (NFL), New York Rangers (NHL), New York Yankees (MLB), New York Mets (MLB), the New York Knicks (NBA), and Brooklyn Nets (NBA). In addition, embrace famous attractions like the Empire State Building, Statue of Liberty, Central Park, and Niagara Falls.
New York offers a high quality of life, a strong economy, and a rich cultural heritage, making it a great place to live.
Rental Market Trends
Monroe, NY
As of June 2026, Monroe's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monroe's average rent is 13.2% ($285) lower than the New York average of $2,155 and 4.1% ($73) higher than the U.S. average of $1,797.
Average Rent
$1,870
Monthly ChangeMonth Over Month Change
No change
Yearly ChangeYear Over Year Change
No change
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,619 | No change | No change |
| 2 Beds | $1,806 | No change | No change |
| 3 Beds | $2,243 | No change | No change |
| Nearby Cities | Average Rent | Avg. Rent vs. MonroeAverage Rent vs. Monroe | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Goshen | $2,424 | 29.6% ($554) | 38 days |
| Middletown | $3,059 | 63.6% ($1189) | 41 days |
| Newburgh | $1,901 | 1.7% ($31) | 41 days |
| Beacon | $2,039 | 9% ($169) | 69 days |
| Vernon | $3,324 | 77.8% ($1454) | 37 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, NY.
The average rent in Monroe, NY is $1,870 per month.
Homes in Monroe typically rent for between $1,133 and $2,916 per month, with an average of $1,870 per month.
In Monroe, the average rent for a 1-bedroom home is $1,619 per month, for a 2-bedroom home, $1,806 per month, and a 3-bedroom home is $2,243 per month.
The average rent in Monroe is 4.1% ($73) higher than the national average of $1,797 per month.
The rental market in Monroe, NY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Monroe, NY, the average rental stays on the market for approximately 39 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 6 rental properties available in Monroe, NY.
Based on the current averages, a household would need an annual income of $72,240 to comfortably afford a 2-bedroom home in Monroe.
