Old Monroe 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 Old Monroe is about $613 per month. This puts it in the 25th percentile compared to the state average cost of rent, which is $952. Households in Old Monroe have a median income of $6,599 per month so the average renter in Old Monroe is spending roughly 9% of their earnings on housing.
Nationally, and in Old Monroe, home values are the data point most closely correlated with the cost of rent. The median price of a home in Old Monroe is $205,430 right now, which is lower than nearby cities, meaning that rents in Old Monroe also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Old Monroe while lower rent rates are often available in central areas.
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