1102 Sixth St
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
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$1,889 - $3,241Studio to 3 Bedroom Apartments Available Now
Monterey Townhouse
825 Casanova AveMonterey, CA 93940
78 Mar Vista Dr
MontereyCA93940
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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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$788 - $4,325Studio to 2 Bedroom Apartments Available Now
The Independent
600 Ortiz AveSand City, CA 93955
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.
4 Mission St
Carmel By The SeaCA93921
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Rent Specials
$1,850 - $3,0001 to 2 Bedroom Apartments Available Now
The Shangri La Apartments
2875 David AvePacific Grove, CA 93950
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1 to 2 Bedroom Apartments
517 Fountain Avenue - Pacific Grove
517 Fountain AvePacific Grove, CA 93950
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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Monterey, CA Local Guide
Sailboats in the Bay by Travis Wise is licensed under CC BY 2.0
How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Monterey Studio Apartments | $2,038 | $788 | $2,895 |
| Cheap Monterey 1 Bedroom Apartments | $2,853 | $1,850 | $5,600 |
| Cheap Monterey 2 Bedroom Apartments | $3,694 | $2,500 | $10,000+ |
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: 11/01/2025Current apartment rentals in the Monterey, CA area range in price from $788 to $10,500 with an overall median price of $3,892. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,500, Old Town at $2,500, and Monterey Vista at $1,895. 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 | $2,937 | $2,500 | 1 |
| Old Town | $2,937 | $2,500 | 1 |
| Monterey Vista | $3,100 | $1,895 | 1 |
| Skyline Forest | $3,386 | $1,775 | 10 |
| Old Monterey Business District | $3,442 | $1,775 | 8 |
| Villa Del Monte | $3,442 | $788 | 30 |
| Casanova Oak Knoll | $3,454 | $788 | 29 |
| Del Monte Grove Laguna Grande | $3,454 | $788 | 29 |
| New Monterey | $3,700 | $1,975 | 22 |
| Outer Monterey | $9,071 | $788 | 73 |
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. Monterey Townhouse in the Villa Del Monte neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,889. 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 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $1,889 |
| 456 Spencer Street - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,200 |
| The Shangri La Apartments | 1 Bedroom Renovated | 1BR,1BA | $2,200 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $2,225 |
Best Value Apartments for Rent in Monterey, CA
As of November 01, 2025 the best value apartment in the Monterey area is the $3.58 price per square foot TH Model at Seagrove in the in the Villa Del Monte neighborhood starting from $4,300. The second greatest value Monterey apartment is the Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes starting at $4,486 with a $3.90 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 | TH | 2BR,2.5BA | $3.58 |
| Seventeen Mile Drive Village Apartment Homes | Residence 1 Luxury | 2BR,2BA | $3.90 |
| 131 Lighthouse Avenue - Monterey | 131lr11a | 2BR,1BA | $2.22 |
| Ocean View at Pacific Grove Apartments | 2 + 2 -1025sqft | 2BR,2BA | $3.12 |
| The Independent | One Bedroom | 1BR,1BA | $2.77 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.93 |
| 456 Spencer Street - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.38 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $3.56 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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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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 (564)
7 out of 10
Monterey High
Monterey Peninsula Unified School District
Public School - Grades 9-12 (1399)
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
Getting Around Monterey, CA
Walk Score®
73 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,889.
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 $2,351 at 131 Lighthouse Avenue - Monterey.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.