Cheap Homes for Rent in Monroe, IA from $900 (14 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Monroe, IA Local Guide

Cheapest Available Monroe Apartments for Rent and Nearby

 

The cheapest available apartment rental in Monroe, IA is a 1 Bed unit found at Hunters Run priced from $609. Hotel Maytag Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Monroe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hunters RunA21BR,1BA$609
Hotel Maytag ApartmentsStudioStudio,1BA$650
Newton Park Apartments1BR - 30% Gross Income1BR,1BA$676
Parkside ApartmentsStudioStudio,1BA$725
Scotchview Manor Apartments1 BR - 30% Gross Income1BR,1BA$794

Best Value Apartments for Rent in Monroe, IA and Nearby

As of May 10, 2025 the best value apartment in the Monroe area is the $1.19 price per square foot C1 - Income Restricted Model at Danamere Village in the in the Danamere Farms neighborhood starting from $1,547. The second greatest value Monroe apartment is the 3BR/2BA Model at Altoona Park Apartments starting at $1,150 with a $1.05 price per square foot in the Altoona Meadows neighborhood. Here is today’s list of the best values for Monroe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Danamere VillageC1 - Income Restricted3BR,2BA$1.19
Altoona Park Apartments3BR/2BA3BR,2BA$1.05
Walnut Creek Apartments2 BD Classic2BR,1BA$1.00
SUNDANCE NEWTON APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.97
Woodland Heights2 Bed 1 Bath2BR,1BA$1.00
Centennial Place Apartments2BR/1BA2BR,1BA$1.14
Newton Park Apartments2BR - 30% Gross Income2BR,1BA$1.20
Hunters RunA21BR,1BA$0.87
Scotchview Manor Apartments1 BR - 30% Gross Income1BR,1BA$1.22
Hotel Maytag ApartmentsStudioStudio ,1BA$1.16

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Monroe

What type of rentals are currently available in Monroe?

There are currently 41 Apartments for Rent in Monroe, IA with pricing that ranges from $554 to $3,783. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monroe ranging from $900 to $3,300.

What is the current price range for Rental Homes in Monroe?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Monroe ranges from $900 to $3,300 with an average monthly rent of $1,542.

How much are larger Three and Four Bedroom Rentals in Monroe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Monroe range from $945 to $3,783, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,010 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,885.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.