Rent by ZIP code in Monroe
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 71201 | Ouachita Parish | $1,658 | +14% |
| 71203 | Ouachita Parish | $1,460 | 0% |
| 71202 | Ouachita Parish | $749 | -49% |
Rent by bedroom count in Monroe
Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Ouachita Parish. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for. Ouachita Parish uses Small Area FMRs, and the two bedroom figure runs from $940 to $1,130 depending on the Monroe ZIP code.
| Unit size | FY2027 Fair Market Rent | Change from FY2026 |
|---|---|---|
| Studio | $782 | +2.2% |
| 1 bedroom | $794 | +0.1% |
| 2 bedroom | $1,017 | -0.9% |
| 3 bedroom | $1,314 | -0.4% |
| 4 bedroom | $1,337 | -1.5% |
Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.
Is rent going up or down in Monroe?
Typical rent across Ouachita Parish is $1,190 as of August 2026. That is up 8.4% from a year earlier.
| Year | Typical rent, Ouachita Parish | Change |
|---|---|---|
| 2022 | $888 | |
| 2023 | $917 | +3.2% |
| 2024 | $989 | +7.9% |
| 2025 | $1,141 | +15.4% |
| 2026 (through August) | $1,190 | +4.3% |
Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.
Monroe rent questions
- What is the average rent in Monroe, LA?
- Typical asking rent in Monroe is $1,460 a month as of August 2026, across 3 ZIP codes. By ZIP code it runs from $749 to $1,658.
- How much is rent for a 2 bedroom in Monroe?
- HUD's FY2027 Fair Market Rent for a two bedroom in Ouachita Parish is $1,017 a month including utilities. A one bedroom is $794 and a three bedroom is $1,314. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
- Is rent going up or down in Monroe?
- Rent is rising. Typical rent in Ouachita Parish is $1,190 as of August 2026, up 8.4% from a year earlier.
- What is the cheapest ZIP code to rent in Monroe?
- ZIP 71202 has the lowest typical asking rent in Monroe at $749 a month, compared with $1,460 for the city overall.
- How much income do you need to rent in Monroe?
- Most landlords look for gross income of about three times the rent. At the typical Monroe rent of $1,460, that is about $4,380 a month, or $52,560 a year. This is a common screening rule of thumb, and individual landlords set their own.
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Monroe sits in the Monroe, LA metro area.