Yardly Monroe
3380 Taylor Morrison Way,
Monroe, NC 28110
1-2 Beds | $1,550 - 1,875
Rental Market Trends in Monroe, NC
What is the average rent in Monroe, NC?
$1,268/month
Average Rent
699 Sq Ft
Average Apartment Size
-0.4%
Decrease in the Last Year
As of November 2024, the average rent in Monroe, NC is $1,268 per month. This is 19% lower than the national average rent of $1,559/month, making renting in Monroe more affordable than most cities in the US. When you rent an apartment in Monroe, you can expect to pay about $918 per month for a studio, $1,268 for a one-bedroom apartment, and around $1,467 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,682 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Monroe, NC?
In the past year, rent has decreased by 0.4%, which averages out to $4 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Monroe, NC
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
23%
$700 - $1,000/month
55%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
5%
Above $2,000/month
What salary do I need to live comfortably in Monroe, NC?
Because the average rent in Monroe is $1,268, you’ll want to make about $4,226 per month or $50,712 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Monroe, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Monroe, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.