Housing in Monroe County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Monroe County averages $798/month for a 2‑bedroom in 2024, compared to the Iowa median of $972 and the national median of $1,413. Local renters spend approximately 18% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Monroe County FMR Area are $712 for a studio, $731 for 1‑bedroom, $959 for 2‑bedroom, $1,275 for 3‑bedroom, and $1,280 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $161 increase for a 2-bedroom in Monroe County shows a 20% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Monroe County was 3.1% in 2024, compared to Iowa at 3.0% and the national rate of 4.0%.

Find the rent price that is best for you!

Towns near Melrose

City
County
State
Miles
Appanoose
IA
0.0
Appanoose
IA
4.8
Appanoose
IA
6.7
Appanoose
IA
7.3
Appanoose
IA
8.8
Appanoose
IA
9.2
Appanoose
IA
10.4
Appanoose
IA
10.4
Appanoose
IA
12.0
Monroe
IA
17.8
Davis
IA
20.3
Monroe
IA
20.9
Davis
IA
24.8
Monroe
IA
27.4
Davis
IA
30.0
Davis
IA
32.3

Renter Qualifications

What rental criteria are used to evaluate your rental application?

Learn how criteria affect you!

Melrose IA weather

Weather Today

Melrose, IA

56° F

Mostly Cloudy
2:49 pm - May 31, 2026 (MDT)

Jobs in Melrose
Find jobs by
When using our services you support  “A Safe Home for Every Person”
Sitemap