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Housing in Monroe County
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 $1,193/month for a 2‑bedroom in 2024, compared to the Indiana median of $1,062 and the national median of $1,413. Local renters spend approximately 41% of household income on rent, above the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Monroe County FMR Area are $1,038 for a studio, $1,151 for 1‑bedroom, $1,300 for 2‑bedroom, $1,689 for 3‑bedroom, and $2,048 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $107 increase for a 2-bedroom in Monroe County shows a 9% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Monroe County was 3.8% in 2024, compared to Indiana at 4.2% and the national rate of 4.0%.
