Rent in Monrovia, IN
A 2-bedroom in Monrovia, IN (ZIP 46157) typically rents for about $920 a month, with a range of $759–$1,080. Owner-occupied homes in Morgan County pay about 0.49% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $830 | $830–$1,187 | 1 |
| 1 bed | $940 | $940–$1,336 | 1 |
| 2 beds | $920 | $759–$1,080 | 1 |
| 3 beds | $1,435 | $1,400–$1,469 | 1 |
| 4 beds | $1,700 | $1,700–$2,425 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Monrovia ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Monrovia, IN?
- About $920 a month: the median of the typical rents in 1 ZIP code, which range from $759–$1,080. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Monrovia, IN?
- About $940 a month: the median of the typical rents in 1 ZIP code, which range from $940–$1,336. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Monrovia, IN?
- About $1,435 a month: the median of the typical rents in 1 ZIP code, which range from $1,400–$1,469. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Monrovia, IN?
- About $830 a month: the median of the typical rents in 1 ZIP code, which range from $830–$1,187. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Monrovia, IN?
- About $1,700 a month: the median of the typical rents in 1 ZIP code, which range from $1,700–$2,425. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Monrovia, IN?
- Owner-occupied homes in Morgan County pay a typical 0.49% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Monrovia rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).