Rents are 2% below what Monroe's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,777 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Monroe is 0.1% below its high of $1,779 in July 2026, at $1,777 as of September 2026.
Rent in Monroe changed +2.6% over the year to September 2026. Across the 115 Georgia cities Zillow tracks, the typical change was +2.3%.
Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($44,656) is $1,116 a month. That is less than HUD's Fair Market Rent for a studio ($1,210).
From Zillow's monthly rent index (ZORI) for Monroe. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Monroe, GA is majority renter-occupied, has a large share of families with children, has a median income below the national average, 16.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Monroe, GA has changed in 5 years
Five years ago, renters in Monroe, GA paid around $1,599 a month. That figure now sits near $1,777, up 11.1% from the 2023 baseline. Household income in the area moved from $39,015 to $44,656 across the same window, up 14.5% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Monroe, GA adding about 973 residents over the five-year window, up 6.6% on net. The renter share has eased from 66.3% to 57.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 13.6% to 16.1% across the same window. Reading these numbers side by side helps frame whether current listings in Monroe, GA look reasonable against where the market sat half a decade ago.
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Can you afford rent in Monroe on your salary?
At $1,777/mo, how Monroe rent compares to typical pay (30% rule).
Monroe rent by bedroom count
Median rent for each apartment size in Monroe. Click any size for full breakdown.
Tips for renters in Monroe
Last updated: October 17, 2026
The median rent in Monroe is $1,777/mo as of October 2026. A studio apartment averages $1,210/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,260/mo and 3-bedroom units go for $1,670/mo.
At 48% of local median household income ($44,656/yr), Monroe ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.
Frequently asked questions
How much income do you need to rent in Monroe?
Is rent going up or down in Monroe?
How does Monroe rent compare to other cities in Georgia?
At $1,777/mo, rent takes ~48% of Monroe's median household income ($44,656/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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