1832 W Victoria St
Santa BarbaraCA93101
Cheap Homes for Rent in Montecito, CA from $2,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Montecito.
317 Loma Vista Ave
Santa BarbaraCA93101
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.
29 Dearborn Pl
GoletaCA93117
1330 Carmelita Ave
Santa BarbaraCA93101
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.
222 Por La Mar Cir
Santa BarbaraCA93103
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Montecito, CA Local Guide
Avocado by Eli Duke is licensed under CC BY 2.0
How much does it cost to rent a home in Montecito?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Montecito 2 Bedroom Homes for Rent | $4,924 | $3,250 | $7,500 |
| Montecito 3 Bedroom Homes for Rent | $10,413 | $4,975 | $10,000+ |
| Montecito 4 Bedroom Homes for Rent | $16,328 | $7,300 | $10,000+ |
| Montecito 5 Bedroom Homes for Rent | $45,625 | $10,000 | $10,000+ |
| Montecito 6 Bedroom Homes for Rent | $87,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Montecito
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Montecito, CA Local Guide
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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. 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 |
Best Value Apartments for Rent in Montecito, CA and Nearby
As of June 20, 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 |
| 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 |
| 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 Article
Real 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.
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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.
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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 191 Apartments for Rent in Montecito, CA with pricing that ranges from $2,100 to $7,550. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Montecito ranging from $2,000 to $89,000.
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 $2,000 to $89,000 with an average monthly rent of $24,547.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.