Cheap Apartments for Rent in Monterey, CA from $1,100 (67 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monterey.

property at 541 Wave St

$1,795 - $1,850

1 Bedroom Rentals

Available Now

541 Wave St

MontereyCA93940

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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666 Casanova Ave
1 Bedroom Apartments

666 Casanova Ave

666 Casanova AveMonterey, CA 93940
  • Utilities Included
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Presidio Apartments
1 to 2 Bedroom Apartments

Presidio Apartments

1100 McClellan AveMonterey, CA 93940
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Sloat Apartments
1 to 2 Bedroom Apartments

Sloat Apartments

650 Sloat AveMonterey, CA 93940
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Bldg A
1 to 2 Bedroom Apartments

Bldg A

230 Lighthouse AveMonterey, CA 93940
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832haw
Studio to 1 Bedroom Apartments

832haw

832-843 Hawthorne StMonterey, CA 93940
  • Utilities Included

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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RM1972I
1 Bedroom Apartments

RM1972I

1972 Irving AveMonterey, CA 93940
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501-555 Ocean Ave
1 Bedroom Apartments

501-555 Ocean Ave

501-555 Ocean AveMonterey, CA 93940
  • Utilities Included
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422 Alvarado St
1 to 2 Bedroom Apartments

422 Alvarado St

422 Alvarado StMonterey, CA 93940
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696casa
Studio to 2 Bedroom Apartments

696casa

696 Casanova AveMonterey, CA 93940
  • Utilities Included
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CM237L
1 Bedroom Apartments

CM237L

237 LIGHTHOUSEMonterey, CA 93940
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RM480P
1 Bedroom Apartments

RM480P

480 Prescott AveMonterey, CA 93940
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Mar Vista Drive
Studio to 2 Bedroom Apartments

Mar Vista Drive

66-98 Mar Vista DrMonterey, CA 93940
  • Utilities Included

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.

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RM724S
1 Bedroom Apartments

RM724S

724 Spencer StMonterey, CA 93940
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CM251L
1 Bedroom Apartments

CM251L

251 Lighthouse AveMonterey, CA 93940
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RM775S
1 to 2 Bedroom Apartments

RM775S

775 Spencer StMonterey, CA 93940
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456dela
1 to 2 Bedroom Apartments

456dela

456 Dela Vina AveMonterey, CA 93940
  • Utilities Included
property at 300 Glenwood Cir

$2,595 - $3,000

1 To 2 Bedroom Rentals

Available Now

300 Glenwood Cir

MontereyCA93940
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DayStar Apartments
2 Bedroom Apartments

DayStar Apartments

412 Dela Vina AveMonterey, CA 93940
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Monterey, CA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Monterey, CA

Pricing Updated: 04/28/2026

Current apartment rentals in the Monterey, CA area range in price from $1,500 to $6,070 with an overall median price of $3,984. The three Monterey neighborhoods with the lowest median rent pricing are Monterey Vista at $1,995, New Monterey at $1,795, and Skyline Forest at $1,795. Here is today’s list of the top 8 neighborhoods with the lowest median pricing for Monterey Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Monterey Vista$3,261$1,9952
New Monterey$3,395$1,79517
Skyline Forest$3,475$1,79526
Old Monterey Business District$3,575$1,85021
Outer Monterey$4,310$1,50064
Casanova Oak Knoll$4,620$1,50031
Del Monte Grove Laguna Grande$4,620$1,50031
Villa Del Monte$4,620$1,50031

Cheapest Available Monterey Apartments for Rent

 

The cheapest available apartment rental in Monterey, CA is a Studio unit found at 1132-1136 Phoenix Ave in the Villa Del Monte neighborhood priced from $1,814. lasalle in the Villa Del Monte neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,845. Here is today’s list of the most affordable Monterey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1132-1136 Phoenix AveStudioStudio,1BA$1,814
lasalle1BR/1.0BA1BR,1BA$1,845
832haw1BR/1.0BA1BR,1BA$1,875
696casa1BR/1.0BA1BR,1BA$2,150
Monterey Pines ApartmentsOne Bedroom One Bath1BR,1BA$2,400
The Crest at Pacific GroveTranquility1BR,1BA$2,425
RM724S1BR/1.0BA1BR,1BA$2,495
Pacific Grove Senior Living1 Bed 1 Bath - Peninsula1BR,1BA$2,595
RM775S2BR/1.0BA2BR,1BA$2,595

Best Value Apartments for Rent in Monterey, CA

As of April 28, 2026 the best value apartment in the Monterey area is the $3.69 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Outer Monterey neighborhood starting from $4,242. The second greatest value Monterey apartment is the B1.1 Model at Seagrove starting at $4,100 with a $3.80 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Seventeen Mile Drive Village Apartment HomesResidence 1 Luxury2BR,2BA$3.69
SeagroveB1.12BR,2BA$3.80
131 Lighthouse Avenue - Monterey131L092BR,1BA$2.76
Monterey Townhouse2x1 Townhouse Reno2BR,1BA$3.26
The IndependentOne Bedroom1BR,1BA$3.71
RM775S2BR/1.0BA2BR,1BA$3.46
812 Park Avenue - Monterey2 Bedroom / 1 Bathroom2BR,1BA$3.71
696casa1BR/1.0BA1BR,1BA$3.22
The Crest at Pacific GroveTranquility1BR,1BA$3.73
832haw1BR/1.0BA1BR,1BA$3.75

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monterey, CA Rentals by Map

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See the most popular apartments and homes in Monterey, CA

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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 1132-1136 Phoenix Ave listed at $1,814.

How much is rent for a Cheap One Bedroom Monterey Apartment?

The lowest price for a Cheap One Bedroom Monterey Apartment is $1,845 at lasalle.

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 $2,595 at RM775S.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.