
Cheap Homes for Rent near Montecito, CA from $3,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Montecito.


29 Dearborn Pl
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.

438 Por La Mar Cir

1218 Blanchard St
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.

257 Por La Mar Cir
Montecito, CA Local Guide

How much does it cost to rent a home in Montecito?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montecito 2 Bedroom Homes for Rent | $5,586 | $3,995 | $8,000 |
| Montecito 3 Bedroom Homes for Rent | $12,233 | $5,650 | $10,000+ |
| Montecito 4 Bedroom Homes for Rent | $17,583 | $7,300 | $10,000+ |
| Montecito 5 Bedroom Homes for Rent | $40,150 | $10,000 | $10,000+ |
| Montecito 6 Bedroom Homes for Rent | $85,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Montecito
Explore Montecito
Montecito, CA Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Montecito Apartments for Rent and Nearby
 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. Plaza Riviera in the Riviera neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $4,245. 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 |
| Plaza Riviera | The Classic Two | 2BR,2BA | $4,245 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2BA | $4,250 |
Best Value Apartments for Rent in Montecito, CA and Nearby
As of August 05, 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 The Classic Two Model at Plaza Riviera starting at $4,245 with a $4.91 price per square foot in the Riviera 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 |
| Plaza Riviera | The Classic Two | 2BR,2BA | $4.91 |
| El Jardin | Two Bedroom, One Bathroom 2G | 2BR,1BA | $7.24 |
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $4.21 |
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 Montecito
What type of rentals are currently available in Montecito?
There are currently 188 Apartments for Rent in Montecito, CA with pricing that ranges from $2,525 to $7,550. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montecito ranging from $3,000 to $85,000.
What is the current price range for Rental Homes in Montecito?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Montecito ranges from $3,000 to $85,000 with an average monthly rent of $17,750.
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.