5

Studio Apartments for Rent in Monroe, MI

Section Image
  • /83

    Starting at $885 Per Month

    • Studio - 3 Beds

    1318 Frank Dr, Monroe, MI 48162

    Hampton Apartments and Townhomes is a gracious rental community located off Telegraph Road in northwest Monroe, minutes from both 1-75 and I-275. Residents enjoy the close convenience of retail, recreation and restaurants within walking distance. Hampton offers an extensive selection of apartment homes from a personal studio to a gigantic three bedroom townhome, with rental rates to meet most

    Hampton Apartments & Townhomes

    1318 Frank Dr, Monroe, MI 48162
  • /29

    Starting at $910 Per Month

    • Studio - 2 Beds

    402 Stewart Rd, Monroe, MI 48162

    Enjoy single-story living at it's best! Enjoy a private entry with no stairs or hallways! Full-size washer/dryer hook-ups in every one and two bedroom apartment home. You'll even have extra attic storage in every apartment. Garden Court is conveniently located between Monroe St. and Telegraph Rd. Easy access to I-75 and I-275 and minutes from US 23. Close to shopping, restaurants, and

    Garden Court Apartments

    402 Stewart Rd, Monroe, MI 48162
  • /12

    Starting at $899 Per Month

    • Studio

    1329 Foxton Dr, Monroe, MI 48162

    Foxton Apartments

    1329 Foxton Dr, Monroe, MI 48162

Why Live in Monroe

Monroe, Michigan, is a city of more than 20,000 people on the western shores of Lake Erie. The River Raisin runs through the heart of the city, giving residents opportunities to fish and kayak. The River Raisin Heritage Trail stretches about 8 miles and connects many of Monroe's green spaces as well as the nearby Sterling State Park, which is the only state park on Lake Erie. Smaller parks like St. Mary’s Park have playgrounds, sports courts and picnic shelters. History lovers can visit River Raisin National Battlefield Park to learn about the War of 1812. Monroe's housing options include bungalows, ranch-style houses and Colonial Revival homes, plus some Victorian and Greek Revival properties in the Old Village Historic District. Duplexes, quadplexes and condos are also available. The Monroe County Fair is a major summer event, complemented by the Summer Concert Series at St. Mary’s Park and the fall Harvest in the Park celebration. The city is known for its Coney Island-style chili dogs and root beer, with popular spots including Monroe’s Original Hot Dog and Vince’s Drive-In. There are also sit-down dining options like Pete’s Garage, The Clamdigger and Public House. Commuters use I-75 and U.S. Route 24 to reach Toledo, about 20 miles away, and Detroit, approximately 40 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Monroe, MI?
The median rent for a home in Monroe, MI is $975 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Monroe, MI?
To comfortably afford the median rent in Monroe, MI, a household needs to earn roughly $39,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $975 per month in Monroe, MI, renters typically need to show $2,925 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Monroe, MI?
In Monroe, MI, the price-to-rent ratio is 19.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$975
Median Single Family Home Rent
$1,100
Median Townhouse Rent
$1,150
Median Condo Rent
$938
How to Rent a Home