Trying to find an apartment in Monroe Avenue, a suburban neighborhood near Memphis, TN? Monroe Avenue is renter-friendly, with 52% of locals renting their homes. Only 25% of households have children, so it's a great option for renters looking for a quiet neighborhood. Getting to and from work takes about 20 minutes. Residents of Monroe Avenue may prefer to have a car, since 89% of residents use their cars to get around. Residents are well-educated, with many having professional degrees.