Rentometer, Inc. | Data as of 10/22/2025
Monroe, Louisiana blends Southern charm with vibrant cultural amenities, making it an attractive destination for renters seeking both convenience and community. Situated along the Ouachita River, the city offers easy access to the historic downtown district, the University of Louisiana at Monroe, and a lively riverfront scene that features restaurants, arts venues, and outdoor recreation. Its affordable cost of living and welcoming neighborhoods provide a solid foundation for a diverse rental market, appealing to students, professionals, and families alike.
The rental landscape in Monroe features a balanced mix of apartments and single‑family homes. One‑bedroom apartments typically fall in the $950‑$1,000 range, with median rents near $800, while larger two‑ and three‑bedroom units offer comfortable space at competitive rates. For those seeking the privacy of a house, one‑bedroom homes are priced around the $750‑$800 mark, and three‑bedroom houses average in the $1,200‑$1,300 range. Premium properties with four or more bedrooms command averages in the $2,500 range, with median rents hovering around $2,000, providing options for expanding families or shared‑living arrangements.
Neighborhoods such as the revitalized Downtown Monroe, the family‑friendly Fairbanks district, and the growing North Monroe area each present distinct advantages. Proximity to campus makes the University area ideal for students, while the historic East Monroe neighborhood offers charming older homes and easy access to local shops. These varied communities, combined with Monroe’s steady rental supply and appealing price points, create a dynamic market that supports a wide range of lifestyle needs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $957 | $815 | $625 - $1,953 | $725 - $1,196 |
| Apartment | 2 Bedroom | $1,101 | $905 | $475 - $2,100 | $815 - $1,435 |
| Apartment | 3 Bedroom | $1,353 | $1,225 | $945 - $2,000 | $1,015 - $1,840 |
| House | 1 Bedroom | $775 | $650 | $395 - $1,700 | $425 - $865 |
| House | 2 Bedroom | $879 | $700 | $450 - $2,200 | $625 - $975 |
| House | 3 Bedroom | $1,268 | $1,200 | $515 - $2,500 | $800 - $1,750 |
| House | 4+ Bedroom | $2,492 | $1,950 | $535 - $9,000 | $1,750 - $3,000 |
In the current period, the average rent in Monroe was
$912 for 1 Bedroom,
$981 for 2 Bedroom,
$1,277 for 3 Bedroom, and
$1,953 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.