Monroe County renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Monroe County is about $2,059 per month. This puts it in the 99th percentile compared to the state average cost of rent, which is $1,532. Households in Monroe County have a median income of $6,085 per month so the average renter in Monroe County is spending roughly 34% of their earnings on housing.
Nationally, and in Monroe County, home values are the data point most closely correlated with the cost of rent. The median price of a home in Monroe County is $710,555 right now, which is higher than counties nearby, meaning that rents in Monroe County also tend to be higher versus these nearby counties.
Higher rent prices are common in the western parts of Monroe County while lower rent rates are often available in northern areas.
Nearby Counties
- Miami-Dade County, FL: less expensive rent prices
- Collier County, FL: less expensive rent prices
- Broward County, FL: less expensive rent prices
- Hendry County, FL: less expensive rent prices
- Lee County, FL: less expensive rent prices
- Palm Beach County, FL: less expensive rent prices
- Glades County, FL: less expensive rent prices
- Charlotte County, FL: less expensive rent prices
- Martin County, FL: less expensive rent prices
- DeSoto County, FL: less expensive rent prices
Counties with Similar Populations
- Cayuga County, NY: less expensive rent prices
- White County, AR: less expensive rent prices
- Raleigh County, WV: less expensive rent prices
- Floyd County, IN: less expensive rent prices
- Oconee County, SC: less expensive rent prices
- Lewis County, WA: less expensive rent prices
- Cape Girardeau County, MO: less expensive rent prices
- Valencia County, NM: less expensive rent prices
- Erie County, OH: less expensive rent prices
- Anderson County, TN: less expensive rent prices
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