Elementary school students attended one-room schoolhouses scattered throughout the town before Monroe built its first modern school building in 1936. Monroe Consolidated School had classrooms for grades one to eight, a library, a gymnasium, central heat and flushable toilets. The building project cost a total of $94,000, according to the Monroe Historical Society. The town's seven one- and two-room schoolhouses were auctioned off to raise funds for class materials for the new school.
It was since renamed Monroe Elementary School. Debra Kovachi is the principal of what is now a grade K-4 school.