541 Wave St
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $1,100 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
1291 10th St, Unit B
1291 10th St
MontereyCA93940
461 Reeside Ave
MontereyCA93940
431 Monroe St
MontereyCA93940
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$2,500 - $3,6001 to 2 Bedroom Apartments Available Now
Monterey Pines Apartments
201 Glenwood CirMonterey, CA 93940
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$2,541 - $3,012
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$2,541 - $3,012
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Monterey Townhouse
825 Casanova AveMonterey, CA 93940
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$2,575 - $3,682Studio to 2 Bedroom Apartments Available Now
Footprints on the Bay
300 GlenwoodMonterey, CA 93940
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1 Bedroom Apartments
666 Casanova Ave
666 Casanova AveMonterey, CA 93940
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Studio to 2 Bedroom Apartments
Villa Ramona Apartments
455 Ramona AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
Presidio Apartments
1100 McClellan AveMonterey, CA 93940
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.
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1 to 2 Bedroom Apartments
Sloat Apartments
650 Sloat AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
Bldg A
230 Lighthouse AveMonterey, CA 93940
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Studio to 1 Bedroom Apartments
832haw
832-843 Hawthorne StMonterey, CA 93940
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Studio to 2 Bedroom Apartments
696casa
696 Casanova AveMonterey, CA 93940
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1 Bedroom Apartments
1972 Irving Ave
1972 Irving AveMonterey, CA 93940
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1 Bedroom Apartments
501-555 Ocean Ave
501-555 Ocean AveMonterey, CA 93940
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Studio to 2 Bedroom Apartments
1280 Del Monte Avenue - Monterey
1280 Del Monte AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
422 Alvarado St
422 Alvarado StMonterey, CA 93940
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1 Bedroom Apartments
237 LIGHTHOUSE
237 LIGHTHOUSEMonterey, CA 93940
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1 Bedroom Apartments
480 Prescott Ave
480 Prescott AveMonterey, CA 93940
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.
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Studio to 2 Bedroom Apartments
Mar Vista Drive
66-98 Mar Vista DrMonterey, CA 93940
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1 to 2 Bedroom Apartments
431 Spencer Street - Monterey
429-431 Spencer StMonterey, CA 93940
30 Monte Vista Dr
MontereyCA93940
274 Watson St
MontereyCA93940
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1 Bedroom Apartments
724 Spencer St
724 Spencer StMonterey, CA 93940
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1 Bedroom Apartments
251 Lighthouse Ave
251 Lighthouse AveMonterey, CA 93940
500 Glenwood Cir
MontereyCA93940
820 Casanova Ave
MontereyCA93940
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1 to 2 Bedroom Apartments
Dela Vina Oaks Apartments
456 Dela Vina AveMonterey, CA 93940
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2 Bedroom Apartments
812 Park Avenue - Monterey
1062-1082 8th StMonterey, CA 93940
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.
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1 to 2 Bedroom Apartments
131 Lighthouse Avenue - Monterey
131 Lighthouse AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
775 Spencer St
775 Spencer StMonterey, CA 93940
1301 Darwin St
SeasideCA93955
744 Pine Ave
Pacific GroveCA93950
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$1,8731 Bedroom Apartments Available Now
1132-1136 Phoenix Ave
1132-1136 Phoenix AveSeaside, CA 93955
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$1,900 - $3,0001 to 2 Bedroom Apartments Contact Us For Availability
The Shangri La Apartments
2875 David AvePacific Grove, CA 93950
1060 Waring St, Unit B
1060 Waring St
SeasideCA93955
1880-1884 Laguna St
SeasideCA93955
3 Monte Verde St
Carmel By The SeaCA93921
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Rent Specials
$2,125 - $3,000Studio to 2 Bedroom Apartments Available Jun 22
Ocean View at Pacific Grove
1141 Lighthouse AvePacific Grove, CA 93950
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.
2950 Club Rd
Pebble BeachCA93953
2951 Club Rd
Pebble BeachCA93953
1168 Olympia Ave
SeasideCA93955
1260 Canyon Del Rey Blvd
SeasideCA93955
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$2,300 - $4,300Studio to 2 Bedroom Apartments Available Now
The Independent
600 Ortiz AveSand City, CA 93955
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$2,490 - $3,1501 to 2 Bedroom Apartments Contact Us For Availability
The Crest at Pacific Grove
230 Grove Acre AvePacific Grove, CA 93950
1343 Mingo Ave
SeasideCA93955
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Rent Specials
$2,500 - $3,495Studio to 2 Bedroom Apartments Available Now
Pacific Grove Senior Living
551 Gibson AvePacific Grove, CA 93950
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Studio to 2 Bedroom Apartments
City Center Plaza
1530-1534 Fremont BlvdSeaside, CA 93955
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Studio to 2 Bedroom Apartments
Vista Point Apartments
650 Jewell AvePacific Grove, CA 93950
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.
Monterey, CA Local Guide
How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Monterey Studio Apartments | $2,122 | $1,650 | $2,640 |
| Cheap Monterey 1 Bedroom Apartments | $2,835 | $1,795 | $5,695 |
| Cheap Monterey 2 Bedroom Apartments | $3,481 | $2,495 | $9,091 |
| Cheap Monterey 3 Bedroom Apartments | $2,850 | $2,850 | $2,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Monterey
See all Apartments in MontereyExplore Monterey
Monterey, CA Local Guide
Written By:
Justin HabersaatEditing Staff
- Monterey Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 06/12/2026Current apartment rentals in the Monterey, CA area range in price from $1,650 to $14,995 with an overall median price of $5,599. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,650, Old Town at $2,300, and Monterey Vista at $2,300. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Monterey Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Old Monterey | $2,922 | $2,650 | 2 |
| Old Town | $2,922 | $2,300 | 2 |
| Monterey Vista | $3,057 | $2,300 | 2 |
| New Monterey | $3,300 | $1,795 | 16 |
| Casanova Oak Knoll | $3,450 | $1,650 | 21 |
| Del Monte Grove Laguna Grande | $3,450 | $1,650 | 21 |
| Villa Del Monte | $3,450 | $1,650 | 22 |
| Old Monterey Business District | $3,455 | $2,200 | 13 |
| Outer Monterey | $14,995 | $1,650 | 47 |
| Skyline Forest | $14,995 | $1,795 | 16 |
Cheapest Available Monterey Apartments for Rent
The cheapest available apartment rental in Monterey, CA is a 1 Bed unit found at 832haw in the Outer Monterey neighborhood priced from $1,875. Pacific Grove Senior Living in the Outer Monterey neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,500. Here is today’s list of the most affordable Monterey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,500 |
| 131 Lighthouse Avenue - Monterey | 131L09 | 2BR,1BA | $2,600 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $2,650 |
| Monterey Townhouse | 2x1 Townhouse Reno | 2BR,1BA | $2,986 |
| The Independent | One Bedroom | 1BR,1BA | $3,200 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3,300 |
| 845L-T/L | 2BR/1.0BA | 2BR,1BA | $3,400 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $3,550 |
Best Value Apartments for Rent in Monterey, CA
As of June 12, 2026 the best value apartment in the Monterey area is the $3.22 price per square foot One Bedroom Model at The Independent in the in the Villa Del Monte neighborhood starting from $3,200. The second greatest value Monterey apartment is the 131L09 Model at 131 Lighthouse Avenue - Monterey starting at $2,600 with a $2.79 price per square foot in the Villa Del Monte neighborhood. Here is today’s list of the best values for Monterey apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Independent | One Bedroom | 1BR,1BA | $3.22 |
| 131 Lighthouse Avenue - Monterey | 131L09 | 2BR,1BA | $2.79 |
| Monterey Townhouse | 2x1 Townhouse Reno | 2BR,1BA | $3.13 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $4.04 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $3.60 |
| 638 Laine St, Unit APARTMENT | 638 Laine St | 2BR,1BA | $4.28 |
| 845L-T/L | 2BR/1.0BA | 2BR,1BA | $4.89 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
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.
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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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Monterey Overview
Located along the southern tier of the gorgeous Monterey Bay, this prime slice of central California real estate is an excellent option for those eager to discover all the west coast has to offer. A notable artist's community that appeals to a wide range of lifestyles, Monterey rentals have much to offer and are always in demand.
Why live in Monterey, CA?
Home to a wide assortment of cultural hotspots, sweeping oceanic beauty and plenty of charming west coast ambiance, apartments for rent in Monterey have broad appeal with good reason. Fishing is still almost omnipresent around the waterfront bay, and lively bands and quaint boutiques co-exist along the downtown scene. Add to that an enviable climate and some truly welcoming locals, and you have a California zip code well worth bragging over.
Best Local Schools in Monterey, CA
La Mesa Elementary
Monterey Peninsula Unified School District
Public School - Grades K-8 (689)
7 out of 10
Monterey High
Monterey Peninsula Unified School District
Public School - Grades 9-12 (1401)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monterey, CA Rentals by Map
See the most popular apartments and homes in Monterey, CA
Frequently Asked Questions about Cheap Monterey Apartments
How much is rent for a Cheap One Bedroom Monterey Apartment?
The lowest price for a Cheap One Bedroom Monterey Apartment is $1,875 at Crivello Apartments.
What is the lowest price for a Cheap Two Bedroom Monterey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monterey is starting from $2,600 at 131 Lighthouse Avenue - Monterey.
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
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.
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.