Rent in Monroe, MI
Across Monroe's 2 ZIP codes, a 2-bedroom typically rents for about $997 a month, with figures from $988–$1,304. The highest typical rent is in 48161 ($1,006) and the lowest in 48162 ($988). Owner-occupied homes in Monroe County pay about 1.16% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $908 | $908 | 2 |
| 1 bed | $772 | $731–$997 | 2 |
| 2 beds | $997 | $988–$1,304 | 2 |
| 3 beds | $1,455 | $1,315–$1,595 | 2 |
| 4 beds | $1,853 | $1,553–$2,153 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Monroe ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Monroe, MI?
- About $997 a month: the median of the typical rents in 2 ZIP codes, which range from $988–$1,304. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Monroe, MI?
- About $772 a month: the median of the typical rents in 2 ZIP codes, which range from $731–$997. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Monroe, MI?
- About $1,455 a month: the median of the typical rents in 2 ZIP codes, which range from $1,315–$1,595. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Monroe, MI?
- About $908 a month: the median of the typical rents in 2 ZIP codes, which range from $908. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Monroe, MI?
- About $1,853 a month: the median of the typical rents in 2 ZIP codes, which range from $1,553–$2,153. Figures are gross rent (rent plus tenant-paid utilities).
- Which Monroe ZIP code has the highest rent?
- For a 2-bedroom, 48161 has the highest typical rent at $1,006 a month, and 48162 the lowest at $988.
- What is the property tax rate in Monroe, MI?
- Owner-occupied homes in Monroe County pay a typical 1.16% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Monroe rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).