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Cheap Apartments for Rent in Monterey, CA from $700 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
345 English
MontereyCA93940
1076 Third St
MontereyCA93940
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.
1172 Second St
MontereyCA93940
650 Laine St
MontereyCA93940
1101 Del Monte Ave
MontereyCA93940
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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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$788 - $4,650Studio to 2 Bedroom Apartments Available Aug 18
The Independent
600 Ortiz AveSand City, CA 93955
780 Amador Ave
SeasideCA93955
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$1,8001 Bedroom Apartment Available Aug 4
1779 Saint Helena St, Unit NA
1779 Saint Helena StSeaside, CA 93955
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Rent Specials
$1,850 - $3,0001 to 2 Bedroom Apartments Contact Us For Availability
The Shangri La Apartments
2875 David 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.
1136 Phoenix Ave
SeasideCA93955
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Showing Results 1-20, Page 1 of 1
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 | $2,066 | $788 | $3,025 |
| Cheap Monterey 1 Bedroom Apartments | $2,512 | $1,200 | $3,796 |
| Cheap Monterey 2 Bedroom Apartments | $3,618 | $2,195 | $8,677 |
| Cheap Monterey 3 Bedroom Apartments | $3,950 | $3,950 | $3,950 |
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: 07/31/2025Current apartment rentals in the Monterey, CA area range in price from $1,500 to $13,500 with an overall median price of $5,772. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $3,100, Old Monterey Business District at $2,500, and Monterey Vista at $2,500. 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 | $3,250 | $3,100 | 2 |
| Old Monterey Business District | $5,195 | $2,500 | 10 |
| Monterey Vista | $5,400 | $2,500 | 5 |
| New Monterey | $5,750 | $2,550 | 5 |
| Old Town | $6,000 | $3,300 | 1 |
| Outer Monterey | $6,125 | $1,500 | 48 |
| Casanova Oak Knoll | $6,500 | $1,500 | 13 |
| Del Monte Grove Laguna Grande | $6,500 | $1,500 | 13 |
| Skyline Forest | $6,500 | $2,000 | 21 |
| Villa Del Monte | $6,500 | $1,500 | 15 |
Cheapest Available Monterey Apartments for Rent
The cheapest available apartment rental in Monterey, CA is a 1 Bed unit found at 350 Van Buren St in the Villa Del Monte neighborhood priced from $1,200. 832haw in the Outer Monterey neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,875. Here is today’s list of the most affordable Monterey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 350 Van Buren St | 350 Van Buren | 1BR,1BA | $1,200 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $2,650 |
| 464 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $2,900 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $2,944 |
Best Value Apartments for Rent in Monterey, CA
As of July 31, 2025 the best value apartment in the Monterey area is the $2.60 price per square foot 1020 Funston Ave Model at 1020 Funston Ave, Unit 2 in the in the Skyline Forest neighborhood starting from $2,600. The second greatest value Monterey apartment is the 2x1 Townhouse Reno Model at Monterey Townhouse starting at $3,132 with a $3.37 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. |
|---|---|---|---|
| 1020 Funston Ave, Unit 2 | 1020 Funston Ave | 2BR,2BA | $2.60 |
| Monterey Townhouse | 2x1 Townhouse Reno | 2BR,1BA | $3.37 |
| 464 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.22 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $3.46 |
| Seagrove | A1.1 | 1BR,1BA | $4.26 |
| 350 Van Buren St | 350 Van Buren | 1BR,1BA | $1.48 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
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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)
6 out of 10
Monterey High
Monterey Peninsula Unified School District
Public School - Grades 9-12 (1399)
7 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
How much is rent for a Cheap One Bedroom Monterey Apartment?
The lowest price for a Cheap One Bedroom Monterey Apartment is $1,200 at 350 Van Buren St.
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 $2,900 at 464 Ramona 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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.