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City Report · GA

Monroe

Pop. 15,648·84th most expensive in Georgia·Rental market data updated monthly for Monroe, GA
Median rent (all units)
$1,715/mo
Year-over-Year
+4.2%
Month-over-Month
Stable
vs US Median
-$250
Stable (Monthly)
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Most AffordableMost Expensive
Monroe · $1,715
More affordable than 60% of US cities · National median $1,965/mo
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$1,715/mo
Expected by trend
$1,731/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
Research median
$1,390/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,580/yr
At $1,715/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.2% YoY, +0.0% MoM), not inventory.
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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 → $1,715
up 7.9%
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 $1,715, up 7.9% 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 $1,715/mo, how Monroe rent compares to typical pay (30% rule).

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: July 20, 2026

The median rent in Monroe is $1,715/mo as of July 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 4.2% over the past year.

FAQ

Frequently asked questions

Is Monroe an affordable city for renters?

Monroe is considered stretched for renters. At $1,715/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 $69,000/year (~$33/hour full-time) to afford the median rent of $1,715/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 4.2% over the past year as of July 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 #84 out of 135 tracked cities at $1,715/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 $1,715/mo is $250 (13%) below the US national median of $1,965/mo. Within Georgia, it ranks #84 out of 135 tracked cities.
Income Affordability
46%
STRETCHED

At $1,715/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 →
Lowest-rent ZIP codes in Monroe
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Monroe, GA

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