$2,700 Per Month
- 2 Beds
- 1 Bath
- 885 Sq Ft
- Condo for Rent
410 E Cherry Ave, Monrovia, CA 91016
410 E Cherry Ave, Monrovia, CA 91016
Frequently Asked Questions
How much does it cost to rent a home in Monrovia, CA?
The median rent for a home in Monrovia, CA is $2,812 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Monrovia, CA?
To comfortably afford the median rent in Monrovia, CA, a household needs to earn roughly $112,480 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 $2,812 per month in Monrovia, CA, renters typically need to show $8,436 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 Monrovia, CA?
In Monrovia, CA, the price-to-rent ratio is 29.3, 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.
What neighborhoods in Monrovia, CA are best for renting a home?
The best neighborhood for renting in Monrovia, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Mayflower Village, North Azusa, East Pasadena, Northwest El Monte and Rosedale, each with its own character and price range.
