Rentometer, Inc. | Data as of 10/23/2025
Monroe County, Indiana, offers a vibrant rental market that balances historic charm with the energy of a college town. Prospective renters appreciate the diversity of housing options, from contemporary studio apartments in the downtown Bloomington area to spacious family homes nestled near the scenic shores of Monroe Lake. The county’s strong rental demand is supported by Indiana University’s student population, thriving local businesses, and easy access to cultural venues such as the Monroe County Historical Museum and the scenic Trails of Gold. Neighborhoods like Bartholomew, Eli, and the University District each bring a unique blend of amenities, walkability, and community feel, making Monroe County an appealing choice for singles, professionals, and families alike.
Rental rates in Monroe County reflect this variety. Studio and one‑bedroom apartments generally sit in the $1200s, while two‑bedroom units trend around the $1500 range and larger three‑ and four‑plus bedroom apartments move into the $1800‑$2000 bracket. Single‑bedroom houses typically fall in the $1100s, with two‑bedroom homes around $1600 and three‑bedroom properties near $2200. Larger homes with four or more bedrooms command premium rates, often positioned in the high $3000s to low $4000s. These pricing tiers, combined with the county’s mix of suburban tranquility and urban convenience, make Monroe County a dynamic and welcoming rental destination.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,285 | $1,292 | $850 - $1,529 | $1,200 - $1,497 |
| Apartment | 1 Bedroom | $1,249 | $1,239 | $650 - $1,995 | $1,050 - $1,434 |
| Apartment | 2 Bedroom | $1,439 | $1,458 | $950 - $2,025 | $1,249 - $1,675 |
| Apartment | 3 Bedroom | $1,879 | $1,799 | $920 - $4,050 | $1,320 - $2,250 |
| Apartment | 4+ Bedroom | $2,302 | $2,000 | $825 - $5,500 | $1,129 - $2,987 |
| House | 1 Bedroom | $1,148 | $1,000 | $785 - $1,950 | $895 - $1,275 |
| House | 2 Bedroom | $1,627 | $1,597 | $800 - $2,750 | $1,400 - $1,800 |
| House | 3 Bedroom | $2,265 | $2,100 | $1,000 - $5,800 | $1,800 - $2,500 |
| House | 4+ Bedroom | $4,170 | $3,650 | $1,400 - $10,500 | $2,600 - $5,800 |
In the current period, the average rent in Monroe was $1,285 for Studio, $1,222 for 1 Bedroom, $1,528 for 2 Bedroom, $2,204 for 3 Bedroom, and $3,144 for 4+ Bedroom.
Data provided by Rentometer, Inc.