728 Ocean Ave
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $1,500 (71 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
574 Belden St
MontereyCA93940
461 Reeside Ave
MontereyCA93940
close
View Me
$2,114 - $3,291
Total Monthly Price
Base Rent$2,114 - $3,291
Total Monthly PriceVaries
Monterey Townhouse
825 Casanova AveMonterey, CA 93940
842 Laine St
MontereyCA93940
601 David Ave
MontereyCA93940
3207 Golden Oaks Ln
MontereyCA93940
812-814 Laine St
MontereyCA93940
close
View Me
$2,431 - $2,989
Total Monthly Price
Base Rent$2,431 - $2,989
Total Monthly PriceVaries
Pacific Vista
57 Soledad DrMonterey, CA 93940
close
View Me
$2,500 - $3,6001 to 2 Bedroom Apartments Available Now
Monterey Pines Apartments
201 Glenwood CirMonterey, CA 93940
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.
close
View Me
$2,575 - $3,950Studio to 2 Bedroom Apartments Available Now
Footprints on the Bay
300 GlenwoodMonterey, CA 93940
close
View Me
$2,650 - $3,8001 to 2 Bedroom Apartments Available Now
Surfside Apartments
151 Surf WayMonterey, CA 93940
close
View Me
$2,780 - $3,2001 to 2 Bedroom Apartments Available Now
Pacific Pines
930 Casanova AveMonterey, CA 93940
close
View Me
1 Bedroom Apartments
666 Casanova Ave
666 Casanova AveMonterey, CA 93940
close
View Me
Studio to 2 Bedroom Apartments
Villa Ramona Apartments
455 Ramona AveMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
Presidio Apartments
1100 McClellan AveMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
Sloat Apartments
650 Sloat AveMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
Bldg A
230 Lighthouse AveMonterey, CA 93940
close
View Me
Studio to 1 Bedroom Apartments
832haw
832-843 Hawthorne StMonterey, CA 93940
close
View Me
1 Bedroom Apartments
1972 Irving Ave
1972 Irving AveMonterey, CA 93940
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.
close
View Me
Studio to 2 Bedroom Apartments
RM775S
775 Spencer StMonterey, CA 93940
554 Lighthouse Ave
MontereyCA93940
820 Casanova Ave
MontereyCA93940
close
View Me
1 Bedroom Apartments
501-555 Ocean Ave
501-555 Ocean AveMonterey, CA 93940
close
View Me
1 Bedroom Apartments
787 Laine St
787 Laine StMonterey, CA 93940
close
View Me
Studio to 2 Bedroom Apartments
1280 Del Monte Avenue - Monterey
1280 Del Monte AveMonterey, CA 93940
500 Glenwood Cir
MontereyCA93940
565 English Ave
MontereyCA93940
close
View Me
1 to 2 Bedroom Apartments
422 Alvarado St
422 Alvarado StMonterey, CA 93940
close
View Me
1 Bedroom Apartments
1281 - 1299 8th Street
1281-1299 8th StMonterey, CA 93940
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.
close
View Me
Studio to 2 Bedroom Apartments
696casa
696 Casanova AveMonterey, CA 93940
close
View Me
Studio Apartments
333lar
333 Larkin StMonterey, CA 93940
close
View Me
2 Bedroom Apartments
860 Parcel Street
860 Parcel StMonterey, CA 93940
close
View Me
1 Bedroom Apartments
RM480P
480 Prescott AveMonterey, CA 93940
close
View Me
1 Bedroom Apartments
800 Parcel St
800 Parcel StMonterey, CA 93940
close
View Me
1 Bedroom Apartments
237 LIGHTHOUSE
237 LIGHTHOUSEMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
456dela
456 Dela Vina AveMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
501 Lighthouse Avenue - Monterey
501 Lighthouse AveMonterey, CA 93940
close
View Me
Studio to 2 Bedroom Apartments
Mar Vista Drive
66-98 Mar Vista DrMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
431 Spencer Street - Monterey
429-431 Spencer StMonterey, 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.
close
View Me
1 Bedroom Apartments
724 Spencer St
724 Spencer StMonterey, CA 93940
close
View Me
1 Bedroom Apartments
251 Lighthouse Ave
251 Lighthouse AveMonterey, CA 93940
close
View Me
2 Bedroom Apartments
599fran
599 W Franklin StMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
131 Lighthouse Avenue - Monterey
131 Lighthouse AveMonterey, CA 93940
close
View Me
1 to 2 Bedroom Apartments
799 Lighthouse Avenue - Monterey
799 Lighthouse AveMonterey, CA 93940
close
View Me
2 Bedroom Apartments
RM700L
700 Laine StMonterey, CA 93940
close
View Me
2 Bedroom Apartments
DayStar Apartments
412 Dela Vina AveMonterey, CA 93940
close
View Me
1 to 3 Bedroom Apartments
464 Ramona Avenue - Monterey
466 Ramona AveMonterey, CA 93940
close
View Me
$1,5001 Bedroom Apartments Available Now
950 Portola Dr, Unit 2
950 Portola DrDel Rey Oaks, CA 93940
780 Amador Ave
SeasideCA93955
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.
Showing Results 1-50, Page 1 of 2
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 | $2,115 | $1,500 | $2,640 |
| Cheap Monterey 1 Bedroom Apartments | $2,928 | $1,500 | $8,178 |
| Cheap Monterey 2 Bedroom Apartments | $3,598 | $2,030 | $9,445 |
| Cheap Monterey 3 Bedroom Apartments | $4,538 | $4,400 | $4,730 |
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
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 09/11/2026Current apartment rentals in the Monterey, CA area range in price from $1,500 to $9,445 with an overall median price of $2,990. The three Monterey neighborhoods with the lowest median rent pricing are New Monterey at $2,600, Outer Monterey at $2,800, and Casanova Oak Knoll at $2,980. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Monterey Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| New Monterey | $2,600 | $1,795 | 9 |
| Outer Monterey | $2,800 | $1,500 | 57 |
| Casanova Oak Knoll | $2,980 | $1,500 | 37 |
| Del Monte Grove Laguna Grande | $2,980 | $1,500 | 37 |
| Skyline Forest | $2,989 | $1,795 | 21 |
| Villa Del Monte | $3,100 | $1,500 | 37 |
| Old Monterey Business District | $3,398 | $1,975 | 18 |
| Monterey Vista | $4,000 | $2,431 | 1 |
| Old Monterey | $5,766 | $3,500 | 1 |
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. 787 Laine St in the Skyline Forest neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,045. 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 |
| 787 Laine St | 1 Beds, 1 Baths | 1BR,1BA | $2,045 |
| 1281 - 1299 8th Street | 1BR/1.0BA | 1BR,1BA | $2,100 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $2,114 |
| The Shangri La Apartments | 1 Bedroom Renovated | 1BR,1BA | $2,200 |
| 800 Parcel St | 1BR/1.0BA | 1BR,1BA | $2,200 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $2,225 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,295 |
| The Independent | Studio | Studio,1BA | $2,300 |
| Pacific Vista | 1X1 Renovated | 1BR,1BA | $2,431 |
Best Value Apartments for Rent in Monterey, CA
As of September 11, 2026 the best value apartment in the Monterey area is the $3.47 price per square foot C1 Model at Seagrove in the in the Villa Del Monte neighborhood starting from $4,575. The second greatest value Monterey apartment is the Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes starting at $4,440 with a $3.86 price per square foot in the Outer Monterey 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. |
|---|---|---|---|
| Seagrove | C1 | 3BR,2BA | $3.47 |
| Seventeen Mile Drive Village Apartment Homes | Residence 1 Luxury | 2BR,2BA | $3.86 |
| 833 Taylor St, Unit 2 | 833 Taylor St | 2BR,1BA | $3.56 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.93 |
| 845L-T/L-DP | 2BR/1.0BA | 2BR,1BA | $4.02 |
| 599fran | 2BR/2.0BA | 2BR,2BA | $3.52 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.19 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $3.47 |
| 1281 - 1299 8th Street | 1BR/1.0BA | 1BR,1BA | $4.06 |
| 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.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Article
Quick 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.
Let everyone know!
Do you know the Monterey area?
If you’re an expert on all things Monterey, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 School
Monterey Peninsula Unified School District
Public School - Grades K-8 (689)
7 out of 10
Monterey High School
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
What is the Cheapest Studio apartment in Monterey?
Currently the most affordable Cheap Studio Apartment in Monterey is at Monterey Townhouse listed at $2,099.
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 832haw.
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 $2,550 at 599fran.
What is the most affordable Monterey Three Bedroom Apartment?
The best deal on a cheap Monterey Three Bedroom Apartment rental is at Seagrove and starts from $4,450.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.