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RentData.org Logo Monroe Fair Market Rent FY 2020 Monroe, MI MSA Rental Data

Fair Market Rent Prices in Monroe, MI :
$623 $656 $850 $1,150 $1,154
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Monroe are high compared to the national average. This FMR area is more expensive than 75% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe is $850 per month.

The previous year, rent for a two-bedroom home was $874 per month. This is a 2.75% decrease 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 Michigan which is listed in the table below. Estimated population of Monroe, MI MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Michigan, the Monroe FMR area is more expensive than 85% 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 $ 662
1-BR 1-Bedroom $ 698
2-BR 2-Bedroom $ 904
3-BR 3-Bedroom $ 1223
4-BR 4-Bedroom $ 1228
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 0
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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