Paragon at Old Town
700 S Myrtle Ave,
Monrovia, CA 91016
1-2 Beds | $3,506
Rental Market Trends in Monrovia, CA
What is the average rent in Monrovia, CA?
$2,202/month
Average Rent
619 Sq Ft
Average Apartment Size
-3.8%
Decrease in the Last Year
As of December 2024, the average rent in Monrovia, CA is $2,202 per month. This is 41% higher than the national average rent price of $1,560/month, making Monrovia one of the most expensive cities in the US. When you rent an apartment in Monrovia, you can expect to pay about $1,724 per month for a studio, $2,202 for a one-bedroom apartment, and around $2,468 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,139 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 Monrovia, CA?
In the past year, rent has decreased by 3.8%, which averages out to $83 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 December 2024
Legend
2023
2024
Rent Ranges in Monrovia, CA
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
29%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
34%
Above $2,000/month
What salary do I need to live comfortably in Monrovia, CA?
Because the average rent in Monrovia is $2,202, you’ll want to make about $7,340 per month or $88,080 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 Monrovia, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Monrovia, CA 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.