
Cheap Apartments for Rent in Montecito, CA from $1,700 (69 Rentals)
Search the lowest-cost Apartments available for rent right now in Montecito.


800 Santa Barbara

Villa Flores Apartments

1232 Laguna St

118-122 Los Aguajes Ave

401 1/2 Old Coast Hwy

708 N Alisos St

1514 Eucalyptus Hill Rd

2305 Golden Gate Ave

103 Chapala St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

823 E De La Guerra St

1062 Coast Village Rd

125-129 W Yanonali St

818 Garden St

1315 Olive St

1214 Coast Village Rd

522-526 E Anapamu St

Chapala One

El Andaluz

123 Natoma Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1223 Garden St

Prime 8-Apartment Building in West Beach

526 E Anapamu St

20 W Mason St

Ocean View Apartments

450 Por La Mar Dr

503 E Anapamu St

1226 Alta Vista Rd

522 E Anapamu St

Oak Terrace
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

801 E Anapamu St

1015 Laguna St

1024 Laguna St

Arrellaga Manor

1111 E Cota St

1022 Garden St

319 Lloyd Ave

221 E Haley St

312-314 E Figueroa St

428 Corona Del Mar
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1323 Olive St

Sycamore Creek Village

501 E Micheltorena St

2380 Lillie Ave

509 Fig Ave

515 E Arrellaga St

414 Chapala St

Olive Street Lofts

Plaza Riviera

Beachwalk
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Montecito, CA Local Guide

How much does it cost to rent an apartment in Montecito?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Montecito Studio Apartments | $3,037 | $2,850 | $3,250 |
| Cheap Montecito 1 Bedroom Apartments | $3,491 | $2,100 | $5,950 |
| Cheap Montecito 2 Bedroom Apartments | $5,197 | $4,300 | $7,500 |
| Cheap Montecito 3 Bedroom Apartments | $5,888 | $4,600 | $7,550 |
Browse Top Apartments in Montecito
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Montecito, CA Local Guide
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Cheapest Available Montecito Apartments for Rent
 The cheapest available apartment rental in Montecito, CA is a 1 Bed unit found at Villa Flores Apartments in the Riviera neighborhood priced from $2,450. Alena on Haley in the Waterfront neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $3,200. Here is today’s list of the most affordable Montecito apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $2,450 |
| Alena on Haley | Studio | Studio,1BA | $3,200 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2BA | $4,250 |
| 800 Santa Barbara | Larger One Bedroom | 1BR,1BA | $5,000 |
Best Value Apartments for Rent in Montecito, CA
As of June 02, 2026 the best value apartment in the Montecito area is the $6.70 price per square foot Two Bedroom - Furnished or Unfurnished Option Model at 800 Santa Barbara in the in the Upper State neighborhood starting from $7,500. The second greatest value Montecito apartment is the Luxury Townhome Model at 1317 Punta Gorda Street starting at $4,250 with a $4.59 price per square foot in the Eastside neighborhood. Here is today’s list of the best values for Montecito apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 800 Santa Barbara | Two Bedroom - Furnished or Unfurnished Option | 2BR,2BA | $6.70 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2.5BA | $4.59 |
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $4.08 |
| Alena on Haley | Studio | Studio ,1BA | $7.46 |
| 640 Tabor Ln, Unit Studio | 640 Tabor Ln | 1BR,1BA | $6.00 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Montecito, CA Rentals by Map
See the most popular apartments and homes in Montecito, CA
Frequently Asked Questions about Cheap Montecito Apartments
How much is rent for a Cheap One Bedroom Montecito Apartment?
The lowest price for a Cheap One Bedroom Montecito Apartment is $2,450 at Villa Flores Apartments.
What is the lowest price for a Cheap Two Bedroom Montecito Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Montecito is starting from $4,250 at 1317 Punta Gorda Street.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.