3

Studio Apartments for Rent in Monroe, MI

Section Image
  • /83

    Starting at $850 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

    (734) 600-9541

    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

    (734) 600-8211

    402 Stewart Rd, Monroe, MI 48162
  • /12

    Starting at $799 Per Month

    • Studio

    1329 Foxton Dr, Monroe, MI 48162

    Foxton Apartments

    (734) 600-9389

    1329 Foxton Dr, Monroe, MI 48162

Why Live in Monroe

Monroe, Michigan, a city of about 20,000 residents, is situated on the shores of Lake Erie and carries a rich historical legacy. Named after President James Monroe, the city commemorates notable events from the War of 1812 at the River Raisin National Battlefield Park. Monroe's industrial roots are evident with the presence of the La-Z-Boy World Headquarters and DTE Energy's Monroe Power Plant, both significant employers. The housing market features a variety of styles, from historic Victorian cottages and American Foursquares in Central and Northeast Monroe to Modern Craftsman and Colonial Revival homes in Northwest Monroe. The median home price is notably below the national average. Monroe Public Schools, while undergoing renovations, serve the community alongside numerous private religious institutions. The River Raisin offers recreational opportunities such as fishing and kayaking, enhanced by the River Raisin Heritage Trail that connects Munson Park to Sterling State Park. Dining in Monroe includes a local rivalry between Monroe's Original Hot Dog and Vince's Drive-In, both known for their chilidogs and root beer floats. Telegraph Road serves as the main shopping hub, and the city hosts community events like the Monroe County Fair and summer concerts at St. Mary's Park. Monroe's location provides convenient access to Detroit, 35 miles north, and Toledo, 17 miles south, with Detroit Metropolitan Wayne County Airport 27 miles away. Recreational marijuana dispensaries are also prevalent within 15 miles of the city.

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 $1,035 per month, though prices vary by neighborhood, size, and property type. As of June 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 $41,400 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 $1,035 per month in Monroe, MI, renters typically need to show $3,105 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 18.5, 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 Trends in Monroe, MI

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,035
Median Single Family Home Rent
$1,100
Median Townhouse Rent
$1,150
Median Condo Rent
$988
How to Rent a Home