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City Report · OR

Monmouth

Pop. 11,428·60th most expensive in Oregon·Monmouth rents are up 11.4% over the past year
Median rent (all units)
$1,473/mo
Year-over-Year
+11.4%
Month-over-Month
-1.9%
vs US Median
-$489
Falling (Monthly)
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Most AffordableMost Expensive
Monmouth · $1,473
More affordable than 78% of US cities · National median $1,962/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,473/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$59,000/yr
Local median income
$69,170/yr
Based on the 30%-of-income rule using Monmouth's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,120
1 BR
$1,170
2 BR
$1,510
3 BR
$2,100
4 BR+
$2,280
Fair Market Rent (HUD)
$1,510/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,473 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

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Last updated: August 17, 2026

Annual cost
$17,676/yr
At $1,473/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.4% YoY, -1.9% MoM), not inventory.
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Demographics

Who lives here

Monmouth, OR is roughly split between renters and owners, skews toward younger working-age adults, 27.3% of residents hold a bachelor's degree or higher.

Population
11,428
Median income
$69,170
Median age
27.1
Renters
52.6%
Age distribution
20%
41.5%
17.2%
Under 1820%
18–3441.5%
35–5417.2%
55–649.5%
65+11.8%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
75.3%
19.9%
White75.3%
Black1.9%
Hispanic19.9%
Asian1.8%
Other1.1%
Education (25+)
21.8%
44.6%
27.3%
No HS diploma6.3%
HS diploma21.8%
Some college44.6%
Bachelor's+27.3%
Housing tenure
47.4%
52.6%
Owner47.4%
Renter52.6%

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

2021 vs 2026

How Monmouth, OR has changed in 5 years

Income
$54,310 → $69,170
up 27.4%
Population
10,735 → 11,428
up 6.5%
Renter share
61.5% → 52.6%
-8.9 pts
Bachelor's+
28.3% → 27.3%
-1.0 pts
Median age
25 → 27.1
+2.1 yrs

Household income in the area moved from $54,310 to $69,170 across the same window, up 27.4% versus 2021. Census counts show Monmouth, OR adding about 693 residents over the five-year window, up 6.5% on net. The renter share has eased from 61.5% to 52.6%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Monmouth

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View Monmouth rent history (2015–2026) →
Salary vs rent

Can you afford rent in Monmouth on your salary?

At $1,473/mo, how Monmouth rent compares to typical pay (30% rule).

By apartment size

Monmouth rent by bedroom count

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

Local insights

Tips for renters in Monmouth

About renting in Monmouth, OR

Last updated: August 17, 2026

The median rent in Monmouth is $1,473/mo as of August 2026. A studio apartment averages $1,120/mo while a 2-bedroom runs $1,510/mo. One-bedroom apartments average $1,170/mo and 3-bedroom units go for $2,100/mo.

At 26% of local median household income ($69,170/yr), Monmouth ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.4% over the past year.

FAQ

Frequently asked questions

Is Monmouth an affordable city for renters?

Monmouth is considered affordable for renters. At $1,473/mo, rent takes approximately 26% of the local median household income ($69,170/yr). The standard benchmark is 30%. Monmouth falls comfortably within that range.

How much income do you need to rent in Monmouth?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,473/mo in Monmouth. The local median household income is $69,170/yr, meaning the typical Monmouth household meets that threshold.

Is rent going up or down in Monmouth?

Rent in Monmouth has increased 11.4% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Monmouth rent compare to other cities in Oregon?

Monmouth is one of the more affordable cities in Oregon for rent, ranking #60 out of 64 tracked cities at $1,473/mo.

What percentage of Monmouth residents rent vs. own?

According to Census data, approximately 52.6% of Monmouth households are renters, while 47.4% are owner-occupied. With a majority renter population, Monmouth has a strong rental market.

How does Monmouth rent compare to the national average?

Monmouth's median rent of $1,473/mo is $489 (25%) below the US national median of $1,962/mo. Within Oregon, it ranks #60 out of 64 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,473/mo, rent takes ~26% of Monmouth's median household income ($69,170/yr). The standard benchmark is 30%.

Monmouth 26%Benchmark 30%
State income tax4.75–9.9%
Run the Monmouth affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Monmouth, OR

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