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RentData.org Logo Monroe Fair Market Rent FY 2018 Monroe, MI MSA Rental Data

Fair Market Rent Prices in Monroe, MI :
$644 $648 $862 $1,170 $1,174
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Monroe are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe is $862 per month.

The previous year, rent for a two-bedroom home was $836 per month. This is a 3.11% increase year-over-year.

This FMR rate applies to Samaria, MI, Luna Pier, MI, Maybee, MI, South Rockwood, MI, Ida, MI, Willis, MI, La Salle, MI, Erie, MI, Petersburg, MI, Dundee, MI and other cities within the region. The Metro Code or CBSA code for this region is METRO33780M33780.

Additionally, This Fair Market Rent (FMR) area Monroe, MI MSA spans one county or city in which is listed in the table below. Estimated population of Monroe, MI MSA FMR area is 152,021 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Monroe. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Monroe

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 684
1-BR 1-Bedroom $ 689
2-BR 2-Bedroom $ 916
3-BR 3-Bedroom $ 1243
4-BR 4-Bedroom $ 1248
Change Year:

There is just one county (listed below) within the Monroe, MI MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Detroit.

County / Region Est. Population
Monroe County, MI Metro 152,021
Zip Codes in Monroe, MI MSA

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

48111, 48117, 48131, 48133, 48134, 48140, 48144, 48145, 48157, 48159, 48160, 48161, 48162, 48164, 48166, 48177, 48179, 48182, 48191 and 49270

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