Zumper
modified
Updated 5+ Days Ago

Highlights

  • Lots of closet space
  • Gorgeous lighting and plumbing fixtures
  • All new flooring, fresh paint
  • Fridge and oven included
  • Tall ceilings

Location

405 Monroe St, Valparaiso, IN 46383, USA
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Contact

Management

Rose Real Estate, Inc.

Leasing office

(844) 243-9393 ext. 9529

Property Overview

405 Monroe Street offers a strong overall value, with a high Zumper Expert Rating, excellent price-to-value, and a convenient location. Notable features include lots of closet space, tall ceilings, fresh paint, new flooring, and included appliances, while 22 photos and a strong value-for-money ranking add to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, 405 Monroe Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 405 Monroe Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • High school nearby
  • Images Available

Floor plans

405 Monroe Street - 271 bed1 bath400 sqft$995 /moAvailable early October 2026! REMODELED & Available Immediately! LOCATION!!! Tall Ceilings! NEW Flooring, FRESH Paint, NEW Bathroom VANITY & Plumbing Fixtures! On the corner of Monroe & Locust...just a few blocks from downtown Valpo! Beautiful brick-paved courtyard! All appliances (Fridge, Oven) are included. Bathroom has been remodeled and has custom tile-surround tub. Common area Washer/Dryer on site. Tenant responsible for Electric (NIPSCO). In addition to rent, Tenant pays an additional $40/month for Water/Trash/Sewer. Up to 2 cats allowed for additional monthly fee. Lease-Signing Admin Fee ($95) paid by Tenant. Please include 2-most recent pay-stubs with application. $50 non-refundable credit/criminal/eviction check fee. Apply at: rose-re. com
405 Monroe Street - 21 bed1 bath500 sqft$1,000 /moAvailable early October 2026! Awesome 2-Story apartment with Spiral Staircase! This fully remodeled apartment has a main floor with Kitchen (Fridge and Stove), GRANITE countertops, Living Room and Walk-In Closet. The spiral staircase leads you to the Bedroom with Updated Bathroom (NEW Vanity) and more closet space. New plumbing Fixtures & Flooring throughout! Common area Washer/Dryer on site. Tenant responsible for Electric (NIPSCO). In addition to rent, Tenant pays an additional $40/month for Water/Trash/Sewer. Lease-Signing Admin Fee ($95) paid by Tenant. Please include 2-most recent pay-stubs with application. $50 non-refundable credit/criminal/eviction check fee. Apply at: www rose-re com
405 Monroe Street - 252 bed1 bath950 sqft$1,100 /moUPDATED! 2-Bedroom, 1-Bathroom Apartment w/ UPDATED Luxury Vinyl Flooring throughout! Gorgeous, updated lighting and plumbing fixtures! Lots of closet space. Fridge and Oven are included. Tenant responsible for Gas/Electric (NIPSCO). Common area Washer/Dryer. In addition to rent, Tenant pays an additional $40/month for Water/Trash/Sewer. Up to 2 cats allowed for additional monthly fee. Lease-Signing Admin Fee ($95). Please include 2-most recent pay-stubs with application. rose-re. com to apply!

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Policies and fees

Applicants

Application Fee

Per-applicant. Agent application fee.

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REQUIRED FEES

Security Deposit

One-time.

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Questions about this property’s policies and fees?

Building details

Property details

Units3

About 405 Monroe Street

HomeApartments in Valparaiso 405 Monroe Street

UPDATED! 2-Bedroom, 1-Bathroom Apartment w/ UPDATED Luxury Vinyl Flooring throughout! Gorgeous, updated lighting and plumbing fixtures! Lots of closet space. Fridge and Oven are included. Tenant responsible for Gas/Electric (NIPSCO). Common area Washer/Dryer. In addition to rent, Tenant pays an additional $40/month for Water/Trash/Sewer. Up to 2 cats allowed for additional monthly fee. Lease-Signing Admin Fee ($95). Please include 2-most recent pay-stubs with application. rose-re. com to apply!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 405 Monroe Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 405 Monroe Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 405 Monroe Street
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
405 Monroe Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 405 Monroe Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
405 Monroe Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 405 Monroe Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 405 Monroe Street compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.6 miles away
Images Available
There are at least 10 photos of this property

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Rent trends in Valparaiso

1-bedroom apartments here are priced 12% lower than 1-bedrooms in Valparaiso.

If you decide to upgrade your space, you can expect 2-bedrooms at 405 Monroe Street to be 21% less than the average for similarly sized apartments in Valparaiso.

Median rents as of Oct 31 2026.
Valparaiso
A table of studio rental data trends in Valparaiso
MonthMedian Rent
November 2024$925
December 2024$981
January 2025$1,000
April 2025$825
May 2025$846
June 2025$889
July 2025$896
August 2025$984
September 2025$969
December 2025$950
January 2026$922
February 2026$937
March 2026$975
April 2026$948
May 2026$937
June 2026$912
July 2026$937
August 2026$933
September 2026$937
October 2026$944

Affordability calculator

Can I afford to live at 405 Monroe St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$39,900/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,900 annually to afford this 1-bedroom median monthly rent price of $997.
For more information on rent affordability, visit our rent calculator.

Schools near 405 Monroe Street

Heavilin Elementary School

2450 heavilin rd

valparaiso, IN, 46383

K-5Public
A

Central Elementary School

653 hayes leonard rd

valparaiso, IN, 46385

K-5Public
A

Trojan Virtual Academy

601 w morgan ave

chesterton, IN, 46304

K-12Public

Golden Bear Preschool

1115 e state rd 44

shelbyville, IN, 46176

PK, KPublic

Gary Virtual Academy

1800 e 35th ave

gary, IN, 46409

K-12Public
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Valparaiso near 405 Monroe St

Walking

6/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 405 Monroe St, Valparaiso

Groceries

9/10
Wide variety of groceries within a few minutes' walk

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

7/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

4/10
At least one high school within a 20-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

8/10
Wide variety of bars within a short drive, including some within walking distance

Explore the area around 405 Monroe St

Hilltop Pantry
604 Monroe St
El Sabor Poblano Fresh Market
902 Calumet Ave
El Solto Grocery
1708 Lincolnway
Town & Country
1605 Calumet Ave
Walmart Supercenter
2400 Morthland Dr

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