Starting at $2,382
Total Monthly Price
- Studio - 2 Beds
228 W Pomona Ave, Monrovia, CA 91016
Greystar California, Inc. dba Greystar Corp. License No. 1525765 Broker: Gerard S. Donohue License No. 01265072
MODA at Monrovia Station
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 $2,950 per month, though prices vary by neighborhood, size, and property type. As of August 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 $118,000 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 $2,950 per month in Monrovia, CA, renters typically need to show $8,850 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 28.0, 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, Upper Hastings Ranch, East Pasadena and Norwood Cherrylee, each with its own character and price range.
