Monroe, MI MSA
FY 2026 HUD Fair Market Rents for the Monroe, MI MSA metro area. Population: 154,823.
Fair Market Rents (2026)
Studio
National avg: $893
$914/mo
↑ 5.4% YoY
+2% vs US
1 Bedroom
National avg: $959
$1,011/mo
↑ 5.0% YoY
+5% vs US
2 Bedroom
National avg: $1,175
$1,326/mo
↑ 4.9% YoY
+13% vs US
3 Bedroom
National avg: $1,525
$1,605/mo
↑ 2.2% YoY
+5% vs US
4 Bedroom
National avg: $1,756
$2,147/mo
↑ 6.8% YoY
+22% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $867 | $914 | +$47 (+5.4%) |
| 1 Bedroom | $963 | $1,011 | +$48 (+5.0%) |
| 2 Bedroom | $1,264 | $1,326 | +$62 (+4.9%) |
| 3 Bedroom | $1,570 | $1,605 | +$35 (+2.2%) |
| 4 Bedroom | $2,011 | $2,147 | +$136 (+6.8%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$40,440
$3,370/month gross
Required annual income for 2 BR
$53,040
$4,420/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.