Rents are right about where Monroe's 10-year trend predicts.
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 $2,430 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: August 17, 2026
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Who lives here
Monroe, WA is majority owner-occupied, has a median income above the national average, 30% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Monroe, WA has changed in 5 years
Compared with 2022, rent in Monroe, WA has climbed by $519 per month, settling near $2,430 after starting the period at $1,911. On the earnings side, the typical household in Monroe, WA now reports about $110,461, up from $94,349 in 2021. Rent outpaced income growth by roughly 10.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 28.5% of households rent today, against 30.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.1% to 30%. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Monroe, WA reflects that arc in its own way.
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Can you afford rent in Monroe on your salary?
At $2,430/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: August 17, 2026
The median rent in Monroe is $2,430/mo as of August 2026. A studio apartment averages $2,130/mo while a 2-bedroom runs $2,540/mo. One-bedroom apartments average $2,180/mo and 3-bedroom units go for $3,350/mo.
At 26% of local median household income ($110,461/yr), Monroe ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.7% over the past year.
Frequently asked questions
Is Monroe an affordable city for renters?
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 Washington?
What percentage of Monroe residents rent vs. own?
How does Monroe rent compare to the national average?
At $2,430/mo, rent takes ~26% of Monroe's median household income ($110,461/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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