
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
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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
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.

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

Beachwalk

Plaza Riviera
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.
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 | $3,612 | $3,200 | $4,000 |
| Cheap Montecito 1 Bedroom Apartments | $4,616 | $2,525 | $6,000 |
| Cheap Montecito 2 Bedroom Apartments | $5,061 | $4,400 | $6,800 |
| Cheap Montecito 3 Bedroom Apartments | $6,368 | $4,900 | $7,550 |
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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 $2,525. 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 | $2,525 |
| Alena on Haley | Studio | Studio,1BA | $3,200 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2BA | $4,250 |
| El Jardin | Two Bedroom, Two Bathroom 2D (mkt) | 2BR,2BA | $4,400 |
Best Value Apartments for Rent in Montecito, CA
As of July 29, 2026 the best value apartment in the Montecito area is the $4.59 price per square foot Luxury Townhome Model at 1317 Punta Gorda Street in the in the Eastside neighborhood starting from $4,250. The second greatest value Montecito apartment is the Two Bedroom, One Bathroom 2G Model at El Jardin starting at $5,800 with a $7.24 price per square foot in the Waterfront 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. |
|---|---|---|---|
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2.5BA | $4.59 |
| El Jardin | Two Bedroom, One Bathroom 2G | 2BR,1BA | $7.24 |
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $4.21 |
| Alena on Haley | Studio | Studio ,1BA | $7.46 |
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
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.
What is the most affordable Montecito Three Bedroom Apartment?
The best deal on a cheap Montecito Three Bedroom Apartment rental is at El Jardin and starts from $4,900.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.