Rent Your Vacation Home or Condo in Monroe, Louisiana

Positive trends in short-term rental demand: Increased accessibility to affordable, quality rentals. Rising interest in unique vacation experiences. More people renting out their homes as a way to earn extra income. Increased interest in vacation rentals for long-term residents who may otherwise have difficulty finding an affordable rental unit nearby. Increased awareness of short-term rental regulations and compliance requirements. Increased demand for quality short-term rentals with easy-to-manage check-in and check-out systems, free Wi-Fi and modern amenities such as dishwashers and washer/dryers.

When partnering with RedAwning for your property management needs, we can make sure your Monroe rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Monroe

During the month of October, Monroe is projected to generate over $159/night for a 2 bedroom vacation rental, on average! There were 62 vacation active rental properties in Monroe.  57 are renting the entire place, and 5 are shared rooms.  On average, during the month of October 2022, each vacation rental property in Monroe is booked 52% of the time, and most hosts are projected to generate $1,686 or more during the month of October! See how much you could earn with our free vacation rental income calculator.
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$159.00 Per Night*

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52% Occupied*

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$1,686.00 Per Month*

* Based on the median average of all vacation rentals in the Monroe area.
Get a free estimate for your home or condo.

Vacation Rentals in Monroe are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Monroe, Louisiana

When you rent out your home, you need to think about the potential tenants who could be attracted to that property. There are several trends in Monroe, Louisiana that can help you attract both local and international guests. These include: 1) Home-sharing services: People are increasingly looking for ways to save money on their vacations. Short-term rental services such as Airbnb and VRBO can help them reduce their costs while still enjoying the sights and sounds of their destination. 2) Short-term rentals: Monroe is a popular destination with tourists who want to stay in a quiet, historic area. If you want to attract visitors from around the world, it might make sense to rent your home during peak season. 3) A relaxing atmosphere: If you want your guests to relax and unwind, it is important that you create an inviting environment. This can mean anything from comfortable furnishings to a tranquil outdoor space.

As the popularity of short-term vacation rentals has grown, more Monroe homeowners are turning to this method of earning extra income. When you rent out your Monroe home as a short-term rental, you can take advantage of an influx of visitors. This can result in extra revenue and exposure to new potential customers. As the popularity of short-term vacation rentals has grown, more Monroe homeowners are turning to this method of earning extra income. When you rent out your Monroe home as a short-term rental, you can take advantage of an influx of visitors. This can result in extra revenue and exposure to new potential customers.

RedAwning takes the guess-work out of Monroe property management, and we work with you to ensure your Monroe short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Monroe vacation rental could earn:

Revenue Projections for Vacation Rentals in Monroe, Louisiana during November, 2022

Based on a 2 bedroom, which is the most common Monroe vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in November. Higher bars below can command higher prices, if your Monroe vacation rental is available during these days.
 
$16277%1st
 
$16377%2nd
 
$15382%3rd
 
$14387%4th
 
$14387%5th
 
$14773%6th
 
$14269%7th
 
$13968%8th
 
$13373%9th
 
$12773%10th
 
$12677%11th
 
$12381%12th
 
$12974%13th
 
$12873%14th
 
$12674%15th
 
$13669%16th
 
$13969%17th
 
$13777%18th
 
$13777%19th
 
$14768%20th
 
$14569%21st
 
$15081%22nd
 
$17387%23rd
 
$16187%24th
 
$17981%25th
 
$16474%26th
 
$14668%27th
 
$14368%28th
 
$14368%29th
 
$13965%30th
 

Average Daily Price & Percent Occupied Next Month In Monroe

Note: These averages are based on a 2 bedroom home in Monroe. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Monroe, Louisiana?

If you are a speculative home buyer or have another home in Louisiana, check out our other Louisiana Vacation Rental Management reports in AlexandriaBaton RougeBossier CityHoumaLafayetteLake CharlesNatchitochesNew OrleansPinevilleShreveport,  and Slidell, Louisiana or view all of our vacation rental market reports

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