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RentData.org Logo Monroe Fair Market Rent FY 2008 Monroe, LA MSA Rental Data

Fair Market Rent Prices in Monroe, LA :
$413 $468 $581 $771 $795
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 average compared to the national average. This FMR area is more expensive than 55% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe is $581 per month.

The previous year, rent for a two-bedroom home was $538 per month. This is a 7.99% increase year-over-year.

This FMR rate applies to Fairbanks, LA, Swartz, LA, Spearsville, LA, Marion, LA, West Monroe, LA, Monroe, LA and other cities within the region. The Metro Code or CBSA code for this region is METRO33740M33740.

Additionally, This Fair Market Rent (FMR) area Monroe, LA MSA spans two counties or cities in Louisiana which ares listed in the table below. Estimated population of Monroe, LA MSA FMR area is 170,053 people based on latest Census data.

Compared to the rest of Louisiana, the Monroe FMR area is more expensive than 81% of the state.

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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 $ 475
1-BR 1-Bedroom $ 502
2-BR 2-Bedroom $ 628
3-BR 3-Bedroom $ 826
4-BR 4-Bedroom $ 853
Change Year:

The counties, cities, towns, and regions listed below fall into the Monroe, LA MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Monroe - El Dorado.

County / Region Est. Population
Ouachita Parish, LA Metro 147,250
Union Parish, LA Metro 22,803
Zip Codes in Monroe, LA MSA

There are 16 unique zip codes in this Fair Market Rent (FMR) area:

71201, 71202, 71203, 71207, 71209, 71210, 71211, 71212, 71213, 71240, 71260, 71277, 71281, 71291, 71292 and 71294

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