Rentometer, Inc. | Data as of 10/22/2025
Monroe, WA offers a diverse rental market that caters to a variety of lifestyles, from modern apartments to spacious family homes. Tenants seeking convenience will find a range of one‑ and two‑bedroom apartments near the historic downtown corridor, where local boutiques, cafés, and the vibrant Monroe Community Center create a lively urban atmosphere. Larger three‑bedroom units are also available, often positioned within quiet residential streets that provide easy access to the nearby Green River and the popular Evergreen State Fairgrounds. This blend of urban amenities and natural attractions makes Monroe a desirable location for young professionals, growing families, and retirees alike.
For those who prefer the privacy and space of a house, Monroe’s neighborhoods such as North Monroe and the Riverfront District feature three‑bedroom homes typically priced in the $2,900‑$3,000 range, while four‑plus‑bedroom properties can approach the $3,500‑$3,600 bracket. Apartment rentals are competitively priced, with one‑bedroom units often found in the $1,500‑$1,700 range, two‑bedrooms around $1,800‑$2,000, and three‑bedrooms reaching the $2,200‑$2,300 level. Proximity to major thoroughfares like I‑5 and local schools, combined with abundant outdoor recreation opportunities at Lake Tapps and the Cascade foothills, underscores Monroe’s strong appeal for renters seeking both affordability and quality of life in Washington state.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,716 | $1,550 | $1,500 - $2,098 | $1,500 - $2,098 |
| Apartment | 2 Bedroom | $1,992 | $1,875 | $1,745 - $2,488 | $1,850 - $2,145 |
| Apartment | 3 Bedroom | $2,251 | $2,199 | $1,850 - $2,695 | $2,100 - $2,411 |
| House | 3 Bedroom | $2,930 | $2,895 | $2,399 - $3,395 | $2,800 - $3,095 |
| House | 4+ Bedroom | $3,604 | $3,550 | $2,500 - $4,450 | $3,395 - $3,950 |
In the current period, the average rent in Monroe was $1,456 for 1 Bedroom, $1,939 for 2 Bedroom, $2,751 for 3 Bedroom, and $3,457 for 4+ Bedroom.
Data provided by Rentometer, Inc.