How much does it cost to rent in Monroe, GA?

As of August 2026, the median monthly rent in Monroe, GA is $1,698. This figure is based on aggregated data from public sources and community-submitted rents.

Is Monroe cheaper than other Georgia cities?

Monroe falls in the middle range for Georgia, ranking #87 out of 133 cities at $1,698/mo.

When was Monroe rent data last updated?

Monroe rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Monroe, GA?

HUD sets the Fair Market Rent for a two-bedroom home in Monroe, GA at $1,390 per month, which is 18% below the $1,698 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · GA

Monroe

Name: Average Rent Prices in Monroe, GA
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 15,648·87th most expensive in Georgia·Rental market data updated monthly for Monroe, GA

Median rent (all units)

$1,698/mo

Year-over-Year

+3.4%

Month-over-Month

-1.0%

vs US Median

-$264

Falling (Monthly)

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Most AffordableMost Expensive

Monroe · $1,698

More affordable than 62% of US cities · National median $1,962/mo

Rent Reality Score

53/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Monroe's 10-year trend predicts.

Actual rent

$1,698/mo

Expected by trend

$1,727/mo

The Rent Reality Score compares today's median rent to where Monroe's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,260

2 BR

$1,390

3 BR

$1,670

4 BR+

$2,020

Fair Market Rent (HUD)

$1,390/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,698 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$20,376/yr

At $1,698/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+3.4% YoY, -1.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

15,648

Median income

$44,656

Median age

30.7

Renters

57.7%

Age distribution

28.4%

27.6%

23.9%

12.5%

Under 1828.4%

18–3427.6%

35–5423.9%

55–647.6%

65+12.5%

Gender

46.5%

53.5%

Male46.5%

Female53.5%

Race & ethnicity

48.6%

41%

White48.6%

Black41%

Hispanic6.6%

Other3.8%

Education (25+)

24.7%

34.1%

25.1%

16.1%

No HS diploma24.7%

HS diploma34.1%

Some college25.1%

Bachelor's+16.1%

Housing tenure

42.3%

57.7%

Owner42.3%

Renter57.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Monroe, GA has changed in 5 years

Rent

$1,590 → $1,698

up 6.8%

Income

$39,015 → $44,656

up 14.5%

Population

14,675 → 15,648

up 6.6%

Renter share

66.3% → 57.7%

-8.6 pts

Bachelor's+

13.6% → 16.1%

+2.5 pts

Median age

32.1 → 30.7

-1.4 yrs

Five years ago, renters in Monroe, GA paid around $1,590 a month. That figure now sits near $1,698, up 6.8% 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.

Community

Discussions about Monroe

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View Monroe rent history (2015–2026) →

Salary vs rent

Can you afford rent in Monroe on your salary?

At $1,698/mo, how Monroe rent compares to typical pay (30% rule).

Registered Nurse

Avg $89,756/yr · Rent = 22.7% income

affordable

Elementary School Teacher

Avg $63,726/yr · Rent = 32% income

stretched

Police Officer

Avg $73,407/yr · Rent = 27.8% income

affordable

Software Developer

Avg $131,205/yr · Rent = 15.5% income

very comfortable

Lawyer

Avg $167,647/yr · Rent = 12.2% income

very comfortable

Firefighter

Avg $59,670/yr · Rent = 34.1% income

stretched

Truck Driver

Avg $53,875/yr · Rent = 37.8% income

stretched

Electrician

Avg $66,405/yr · Rent = 30.7% income

stretched

By apartment size

Monroe rent by bedroom count

Median rent for each apartment size in Monroe. Click any size for full breakdown.

Local insights

Tips for renters in Monroe

About renting in Monroe, GA

Last updated: August 17, 2026

The median rent in Monroe is $1,698/mo as of August 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 46% of local median household income ($44,656/yr), Monroe ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

Is Monroe an affordable city for renters?

Monroe is considered stretched for renters. At $1,698/mo, rent takes approximately 46% of the local median household income ($44,656/yr). The standard benchmark is 30%. Monroe significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Monroe?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,698/mo in Monroe. The local median household income is $44,656/yr, meaning the typical Monroe household falls short of that threshold.

Is rent going up or down in Monroe?

Rent in Monroe has increased 3.4% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Monroe rent compare to other cities in Georgia?

Monroe is middle-of-the-pack for Georgia for rent, ranking #87 out of 133 tracked cities at $1,698/mo.

What percentage of Monroe residents rent vs. own?

According to Census data, approximately 57.7% of Monroe households are renters, while 42.3% are owner-occupied. With a majority renter population, Monroe has a strong rental market.

How does Monroe rent compare to the national average?

Monroe's median rent of $1,698/mo is $264 (13%) below the US national median of $1,962/mo. Within Georgia, it ranks #87 out of 133 tracked cities.

Income Affordability

46%

STRETCHED

At $1,698/mo, rent takes ~46% of Monroe's median household income ($44,656/yr). The standard benchmark is 30%.

Monroe 46%Benchmark 30%

State income tax4.99%

Run the Monroe affordability calculator →

Nearby cities