Updated 5+ Days Ago
Highlights
Pet Friendly
- Walk-in closet
- Tile flooring
- Open floor plan
- Flexible layout
Location
2440 E Monroe St, Phoenix, AZ 85034, USA
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Property Overview
2440 E Monroe St earns a strong overall rating with standout marks for price, amenities, and location, suggesting solid value and everyday convenience. It features walk-in closets, tile flooring, an open floor plan, and a flexible layout, and is noted for pet-friendly flooring plus close access to a highly rated middle school.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Walk-in closet
Great for
Pet owners
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 700 sqft | $1,250 /mo | 1 unit available | This freshly painted 2-bedroom, 1-bath apartment in Phoenix features an open floor plan that maximizes living and dining space. Tile flooring runs throughout for easy maintenance, and the primary bedroom includes a walk-in closet for organized storage. Bright, neutral finishes and a flexible layout create a comfortable canvas to personalize. |
Let's explore this property.
Amenities for 2440 E Monroe St
Apartment Amenities
| Freshly Painted | Open Floor Plan |
| Tile Flooring Throughout | Walk-in Closet |
Appliances
| Electric | Fridge |
| Range | Refrigerator |
| Stove |
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 5 |
|---|
About 2440 E Monroe St
This freshly painted 2-bedroom, 1-bath apartment in Phoenix features an open floor plan that maximizes living and dining space. Tile flooring runs throughout for easy maintenance, and the primary bedroom includes a walk-in closet for organized storage. Bright, neutral finishes and a flexible layout create a comfortable canvas to personalize.
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.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, 2440 E Monroe St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 2440 E Monroe St 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.
2440 E Monroe St 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·9A 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.
2440 E Monroe St goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 2440 E Monroe St receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
2440 E Monroe St 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 2440 E Monroe St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
2440 E Monroe St provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
2440 E Monroe St is great for:
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 2440 E Monroe St compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.6 miles away
- Walk-in closet
- More closet space on average
Considerations
- Distance from grocery stores
- The nearest grocery store is 4.0 miles away
- Distance from transit
- More than 3.5 miles from public transportation
- Lacks images
- Fewer than 5 photos available for this property
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Rent trends in Phoenix
2-bedroom apartments at 2440 E Monroe St cost about 14% less than the average rent price for 2-bedroom apartments in Phoenix.
Median rents as of Oct 24 2026.
Phoenix
| Month | Median Rent |
|---|---|
| November 2024 | $1,051 |
| December 2024 | $1,049 |
| January 2025 | $1,070 |
| February 2025 | $1,072 |
| March 2025 | $1,038 |
| April 2025 | $1,000 |
| May 2025 | $1,000 |
| June 2025 | $999 |
| July 2025 | $995 |
| August 2025 | $995 |
| September 2025 | $995 |
| October 2025 | $986 |
| November 2025 | $960 |
| December 2025 | $981 |
| January 2026 | $988 |
| February 2026 | $961 |
| March 2026 | $950 |
| April 2026 | $963 |
| May 2026 | $948 |
| June 2026 | $950 |
| July 2026 | $924 |
| August 2026 | $930 |
| September 2026 | $941 |
| October 2026 | $987 |
Affordability calculator
Can I afford to live at 2440 E Monroe St?
Bedrooms
2 bedroomsRent-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
$50,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 2-bedrooms monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.
Schools near 2440 E Monroe St
Wilson Primary School
415 n 30th st
phoenix, AZ, 85008
PK, K-3Public
C-
Faith North Early Childhood Learning Center
910 e washington st
phoenix, AZ, 85034
PK, KPublic
B
Phoenix #1 Iacademy
1817 n 7th st
phoenix, AZ, 85006
K-8Public
C
Creighton Virtual Academy
2702 e flower st
phoenix, AZ, 85016
K-8Public
C-
Balsz Online Academy (B.O.A.)
4825 e roosevelt st
phoenix, AZ, 85008
K-8Public
C-
Getting around Phoenix near 2440 E Monroe St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 2440 E Monroe St, Phoenix
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
5/10
Variety of shops within a short drive
Cafes
5/10
Variety of cafés within a short drive
Restaurants
7/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-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
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