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RentData.org Logo Monroe Fair Market Rent FY 2023 Monroe, LA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Monroe, LA :
$665 $669 $881 $1,093 $1,184
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Monroe are low compared to the national average. This FMR area is less expensive than 51% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe is $881 per month.

The previous year, rent for a two-bedroom home was $815 per month. This is a 8.1% increase year-over-year.

This FMR rate applies to Fairbanks, LA, Swartz, LA, West Monroe, LA, Monroe, LA and other cities within the region. The Metro Code or CBSA code for this region is METRO33740M33740.

Additionally, This Fair Market Rent (FMR) area Monroe, LA HUD Metro FMR Area spans one county or city in Louisiana which is listed in the table below. Estimated population of Monroe, LA HUD Metro FMR Area FMR area is 154,679 people based on latest Census data.

Compared to the rest of Louisiana, the Monroe FMR area is more expensive than 62% 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 $ 706
1-BR 1-Bedroom $ 711
2-BR 2-Bedroom $ 936
3-BR 3-Bedroom $ 1162
4-BR 4-Bedroom $ 1257
Change Year:
2022 2023 2024 2025

There is just one county (listed below) within the Monroe, LA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Monroe - El Dorado.

County / Region Est. Population
Monroe, LA Metro 154,679
Zip Codes in Monroe, LA HUD Metro FMR Area

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

71201, 71202, 71203, 71207, 71209, 71210, 71211, 71212, 71213, 71240, 71281, 71291, 71292 and 71294

Lookup Fair Market Rent by Zip Code

What's Next?

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