Monroe Hall renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Monroe Hall is about $1,566 per month. This puts it in the 91st percentile compared to the state average cost of rent, which is $1,444. Households in Monroe Hall have a median income of $5,188 per month so the average renter in Monroe Hall is spending roughly 30% of their earnings on housing.
Nationally, and in Monroe Hall, home values are the data point most closely correlated with the cost of rent. The median price of a home in Monroe Hall is $241,859 right now, which is lower than nearby cities, meaning that rents in Monroe Hall also tend to be lower versus these nearby cities.
Higher rent prices are common in the central parts of Monroe Hall while lower rent rates are often available in northwestern areas.
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