Last updated on June 22, 2026

Average rent in
Legends Institute, VA

Median rent

Median rent in Monroe

$1,300/mo

increased by4%

vs previous year

The average rent in Monroe is $1,300 per month as of June 2026. This is 33% below the national average rent, or $650 less per month.

$1.17

average price per square foot

Total rentals

Available rentals in Monroe

371

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Monroe rentals at each price point

60%45%30%15%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Legends Institute, VA

Average rent prices in Monroe have increased by 4% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Legends Institute, VA

Rent prices in Monroe vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Monroe is $1,208, whereas a house costs $1,750. 1-bedroom apartments in Monroe run $1,025 on average, while 2-bedroom apartments are $1,250.

Listings

Studio

$850

-

17%

1 bedroom

$950

-

2%

2 bedroom

$1,225

-

3%

3 bedroom

$1,600

-

3%

4 bedroom

$2,200

-

59%

Studio

Average rent

$850

Last year

17%

1 bedroom

Average rent

$950

Last year

2%

2 bedroom

Average rent

$1,225

Last year

3%

3 bedroom

Average rent

$1,600

Last year

3%

4 bedroom

Average rent

$2,200

Last year

59%

The table above reflects average rent prices in Legends Institute, VA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Legends Institute, VA

101 Williams Rd #5 - Photo 1 of 1

5d+ ago

Townhouse for rent in Madison Heights

101 Williams Rd - Room 5

101 Williams Rd #5, Madison Heights, VA 24572

5 beds

5 baths

$535

House for rent

Available Aug 5

113 Williams Rd #4 - Photo 1 of 1

5d+ ago

Townhouse for rent in Madison Heights

113 Williams Rd - Room...

113 Williams Rd #4, Madison Heights, VA 24572

5 beds

5 baths

$535

House for rent

Available Aug 1

117 Williams Rd #2 - Photo 1 of 1

5d+ ago

Townhouse for rent in Madison Heights

117 Williams Rd - Room 2

117 Williams Rd #2, Madison Heights, VA 24572

5 beds

5 baths

$535

House for rent

Available Aug 7

3307 Old Forest Road - Photo 1 of 1

3d ago

8.2

Very good

3307 Old Forest Road

3307 Old Forest Rd, Lynchburg, VA 24501

2 beds

1 bath

$725–$750

Apartment for rent

Stay up to date with rental market insights

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Frequently asked questions for Legends Institute, VA

Quick answers to common questions about the Monroe rental market.

How much is rent in Monroe?

The average rent in Monroe is $1,300 per month as of June 20, 2026.

Is rent up or down in Monroe?

Average rent prices in Monroe have increased by 4% since last year.

How does Monroe rent compare to the national average?

Rent in Monroe is 33% below the national average, which means renters are paying approximately $650 less per month.

What salary do I need to afford rent in Monroe?

To comfortably afford rent in Monroe, you'd need to earn approximately $52,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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