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City Report · NY

Monroe

Pop. 9,515·39th most expensive in New York·Monroe rents have dropped 5.3%, currently a renter's market
Median rent (all units)
$3,054/mo
Year-over-Year
-5.3%
Month-over-Month
+2.1%
vs US Median
+$1,089
Rising (Monthly)
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Most AffordableMost Expensive
Monroe · $3,054
More expensive than 92% of US cities · National median $1,965/mo
Affordability
33% of income
MODERATE
0%30% benchmark60%+

At $3,054/mo, rent takes about 33% of the local median household income, slightly above the 30% benchmark.

Income to afford
$122,000/yr
Local median income
$109,851/yr
Based on the 30%-of-income rule using Monroe's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,660
2 BR
$2,120
3 BR
$2,700
4 BR+
$2,930
Research median
$2,120/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
$36,648/yr
At $3,054/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 (-5.3% YoY, +2.1% MoM), not inventory.
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Demographics

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.

Population
9,515
Median income
$109,851
Median age
32.6
Renters
19%
Age distribution
28.4%
23.3%
23.1%
15.4%
Under 1828.4%
18–3423.3%
35–5423.1%
55–6415.4%
65+9.8%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
54.2%
13.7%
28.1%
White54.2%
Black13.7%
Hispanic28.1%
Asian3.5%
Education (25+)
21.5%
25.9%
41.6%
No HS diploma11%
HS diploma21.5%
Some college25.9%
Bachelor's+41.6%
Housing tenure
81%
19%
Owner81%
Renter19%

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

2021 vs 2026

How Monroe, NY has changed in 5 years

Income
$107,944 → $109,851
up 1.8%
Population
9,392 → 9,515
up 1.3%
Renter share
16.5% → 19%
+2.5 pts
Bachelor's+
39.2% → 41.6%
+2.4 pts
Median age
35.5 → 32.6
-2.9 yrs

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%.

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 $3,054/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, NY

Last updated: July 20, 2026

The median rent in Monroe is $3,054/mo as of July 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 33% of local median household income ($109,851/yr), Monroe ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.3% over the past year.

FAQ

Frequently asked questions

Is Monroe an affordable city for renters?

Monroe is considered moderate for renters. At $3,054/mo, rent takes approximately 33% of the local median household income ($109,851/yr). The standard benchmark is 30%. Monroe slightly exceeds that threshold, so budgeting carefully matters here.

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 $122,000/year (~$59/hour full-time) to afford the median rent of $3,054/mo in Monroe. The local median household income is $109,851/yr, meaning the typical Monroe household falls short of that threshold.

Is rent going up or down in Monroe?

Rent in Monroe has decreased 5.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Monroe rent compare to other cities in New York?

Monroe is one of the pricier cities in New York for rent, ranking #39 out of 126 tracked cities at $3,054/mo.

Which nearby cities are cheaper to rent in than Monroe?

Several nearby cities have lower median rents than Monroe ($3,054/mo): Warwick ($2,706/mo), Suffern ($2,833/mo), Goshen ($2,930/mo).

What percentage of Monroe residents rent vs. own?

According to Census data, approximately 19% of Monroe households are renters, while 81% are owner-occupied. Monroe leans toward homeownership, which can mean a smaller rental inventory.

How does Monroe rent compare to the national average?

Monroe's median rent of $3,054/mo is $1,089 (55%) above the US national median of $1,965/mo. Within New York, it ranks #39 out of 126 tracked cities.
Income Affordability
33%
MODERATE

At $3,054/mo, rent takes ~33% of Monroe's median household income ($109,851/yr). The standard benchmark is 30%.

Monroe 33%Benchmark 30%
State income tax4–10.9%
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, NY

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