Rentometer, Inc. | Data as of 10/22/2025
Monroe’s rental market offers a balanced mix of apartments and single‑family homes, catering to professionals, students, and growing families alike. One‑bedroom apartments tend to fall in the $1200s, while two‑bedroom units commonly sit around the $1500 range, providing affordable options for first‑time renters. Larger apartments—three and four‑plus bedrooms—reach the $1900s to $2500s, reflecting the demand for spacious living in this vibrant city. For those seeking the privacy of a house, two‑bedroom homes typically rent in the $1700s, with three‑bedroom properties around $1950 and larger homes approaching the $2400 range, offering a variety of layouts to suit different lifestyle needs.
Beyond the numbers, Monroe boasts a charming historic downtown lined with boutique shops, local eateries, and cultural venues that give the city a welcoming small‑town feel. Proximity to Lake Lee and the expansive Union County parks provides ample outdoor recreation, while easy access to the I‑485 corridor connects residents to the broader Charlotte metropolitan area. Neighborhoods such as Downtown Monroe, Monroe Meadows, and the Riverwalk district each bring unique character, making the city an attractive destination for renters looking for both convenience and community. With a diverse inventory of apartments and houses, Monroe continues to be a desirable place to call home in North Carolina.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,245 | $1,265 | $835 - $1,695 | $1,100 - $1,400 |
| Apartment | 2 Bedroom | $1,502 | $1,485 | $700 - $2,399 | $1,300 - $1,810 |
| Apartment | 3 Bedroom | $1,919 | $2,045 | $1,105 - $2,325 | $1,695 - $2,181 |
| Apartment | 4+ Bedroom | $2,530 | $2,551 | $2,440 - $2,579 | $2,524 - $2,579 |
| House | 2 Bedroom | $1,700 | $1,625 | $1,200 - $2,395 | $1,400 - $2,075 |
| House | 3 Bedroom | $1,951 | $1,970 | $300 - $2,800 | $1,800 - $2,110 |
| House | 4+ Bedroom | $2,380 | $2,395 | $1,680 - $3,420 | $2,200 - $2,525 |
In the current period, the average rent in Monroe was
$1,185 for 1 Bedroom,
$1,575 for 2 Bedroom,
$1,948 for 3 Bedroom, and
$2,317 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.