At $2,905/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.
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 $2,905 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 changed +6.0% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($109,851) is $2,746 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,700); a 4-bedroom is $2,930.
Warwick, 9 miles away, rents for 17% less ($2,419/mo), about $5,800 a year in savings.
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, NY is majority owner-occupied, has a large share of families with children, has a median income above the national average, 41.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Monroe, NY has changed in 5 years
On the earnings side, the typical household in Monroe, NY now reports about $109,851, up from $107,944 in 2021. Headcount in the area went from 9,392 to 9,515 between 2021 and 2024, a 1.3% change. About 19% of households rent today, against 16.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 39.2% to 41.6%.
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Can you afford rent in Monroe on your salary?
At $2,905/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 $2,905/mo as of October 2026. A studio apartment averages $1,450/mo while a 2-bedroom runs $2,120/mo. One-bedroom apartments average $1,660/mo and 3-bedroom units go for $2,700/mo.
At 32% of local median household income ($109,851/yr), Monroe ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.0% 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 New York?
Which nearby cities are cheaper to rent in than Monroe?
At $2,905/mo, rent takes ~32% of Monroe's median household income ($109,851/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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