5+ Days Ago
Highlights
- Remodeled
- On site washer/dryer
- New flooring
- Common area washer/dryer on site
- Remodeled bathroom
Location
405 Monroe St, Valparaiso, IN 46383, USA
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Property Overview
405 Monroe Street presents an attractive option for renters, featuring an impressive overall Zumper rating of 8.4, reflecting its competitive price and excellent amenities, including remodeled interiors and convenient on-site laundry facilities. The property's prime location garners a rating of 9, highlighting nearby points of interest and schools, while its value ranks in the 92.31 percentile, underscoring its appeal in the market. Additionally, the transparent property description enhances trustworthiness, making it a noteworthy choice for prospective tenants.
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.
Things you’ll love
Less expensive- High school nearby
- Images Available
Floor plans
| 405 Monroe Street - 19 | 1 bed | 1 bath | 500 sqft | $975 /mo | 1 unit available | Available 1st week of September. REMODELED & Available immediately! LOCATION!!! 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! This 1-bedroom apartment is located on the 2nd floor. All appliances (Fridge, Oven) are included. 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. $40 non-refundable credit/criminal/eviction check fee. Apply at: rose-re. com | |
| 405 Monroe Street - 5 | 1 bed | 1 bath | 500 sqft | $995 /mo | 1 unit available | Available early October! REMODELED & Available Immediately! LOCATION!!! 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! This 1-bedroom apartment has all appliances (Fridge, Oven) 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 |
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Policies and fees
Building details
Property details
| Units | 2 |
|---|
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About 405 Monroe Street
Available early October! REMODELED & Available Immediately! LOCATION!!! 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! This 1-bedroom apartment has all appliances (Fridge, Oven) 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
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 GoodWith 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.
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 1-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
- Images Available
- There are at least 10 photos of this address
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Rent trends in Valparaiso
1-bedroom apartments here are priced 7% lower than 1-bedrooms in Valparaiso.
Median rents as of Sep 18 2025.
Valparaiso
| Month | Median Rent |
|---|---|
| November 2023 | $747 |
| December 2023 | $750 |
| January 2024 | $1,044 |
| February 2024 | $824 |
| March 2024 | $824 |
| April 2024 | $833 |
| May 2024 | $802 |
| June 2024 | $841 |
| July 2024 | $894 |
| August 2024 | $915 |
| September 2024 | $928 |
| 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 |
Affordability calculator
Can I afford to live at 405 Monroe St?
Bedrooms
1 bedroomRent-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
$39,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,400 annually to afford this 1-bedroom median monthly rent price of $985.
For more information on rent affordability, visit our rent calculator.
Schools near 405 Monroe Street
Central Elementary School
653 hayes leonard rd
valparaiso, IN, 46385
K-5Public
A
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Internet available near 405 Monroe Street
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
At least one grocery store within a few minutes' walk
Shopping
5/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 20-minute walk
High schools
4/10
No high schools within a 30-minute walk
Parks
6/10
Moderate amount of park space nearby
Nightlife
4/10
Few or no bars within walking distance
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