Monroe Junction 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 Junction is about $823 per month. This puts it in the 23rd percentile compared to the state average cost of rent, which is $1,570. Households in Monroe Junction have a median income of $8,562 per month so the average renter in Monroe Junction is spending roughly 10% of their earnings on housing.
Nationally, and in Monroe Junction, home values are the data point most closely correlated with the cost of rent. The median price of a home in Monroe Junction is $548,096 right now, which is lower than nearby cities, meaning that rents in Monroe Junction also tend to be lower versus these nearby cities.
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