Rent in Monroe, MI at a glance
2-bedroom rent (HUD)
$1,326$15,912 a year · HUD fiscal year 2026From October 1, 2026: $1,304 (−1.7%)How much rent can you afford in Monroe, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Monroe, MI by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $914 | $10,968 | $36,560 | $17.58/hr |
| 1 bedroom | $1,011 | $12,132 | $40,440 | $19.44/hr |
| 2 bedroomsMost searched | $1,326 | $15,912 | $53,040 | $25.50/hr |
| 3 bedrooms | $1,605 | $19,260 | $64,200 | $30.87/hr |
| 4 bedrooms | $2,147 | $25,764 | $85,880 | $41.29/hr |
Living and working in Monroe, MI
Rent in Monroe, MI: common questions
How much is rent going down in Monroe, MI in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,304 for a two-bedroom, down 1.7% from $1,326. A one-bedroom goes from $1,011 to $997, a studio from $914 to $908.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Monroe, MI?
HUD's Fair Market Rent for 2026 is $1,011 for a one-bedroom and $1,326 for a two-bedroom, utilities included. That is $15,912 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Monroe, MI?
To keep a $1,326 two-bedroom at 30% of gross pay, one full-time worker needs $25.50 an hour, or $53,040 a year. A one-bedroom at $1,011 takes $19.44 an hour.
How much is a 1, 2 or 3-bedroom apartment in Monroe, MI?
At HUD's 2026 Fair Market Rent: studio $914, one bedroom $1,011, two $1,326, three $1,605 and four $2,147 a month.
Is rent affordable in Monroe, MI?
For the typical household, earning $59,813 a year ($4,984 a month, Census ACS), a two-bedroom at $1,326 takes 26.6% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,326 × 12) ÷ 0.30 = $53,040. Divided by 2,080 working hours, that is $25.50 an hour.