1170-1172 Second St
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $700 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
541 Wave St
MontereyCA93940
550 David Ave
MontereyCA93940
1074-1078 Third St
MontereyCA93940
650 Laine 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.
900 Major Sherman Ln
MontereyCA93940
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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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from $788Studio to 2 Bedroom Apartments Available Now
The Independent
600 Ortiz AveSand City, CA 93955
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500 Hamilton Ave
SeasideCA93955
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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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Rent Specials
from $1,8501 to 2 Bedroom Apartments Available Now
The Shangri La Apartments
2875 David AvePacific Grove, CA 93950
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from $1,9001 Bedroom Apartment Available Aug 5
1060 Waring St, Unit Studio
1060 Waring StSeaside, CA 93955
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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.
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Showing Results 1-25, 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 | $2,269 | $788 | $3,025 |
| Cheap Monterey 1 Bedroom Apartments | $2,865 | $1,795 | $5,600 |
| Cheap Monterey 2 Bedroom Apartments | $3,778 | $2,400 | $8,753 |
| Cheap Monterey 3 Bedroom Apartments | $4,431 | $3,995 | $4,732 |
| Cheap Monterey 4 Bedroom Apartments | $3,495 | $3,495 | $3,495 |
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: 07/02/2025Current apartment rentals in the Monterey, CA area range in price from $1,750 to $9,500 with an overall median price of $5,043. The three Monterey neighborhoods with the lowest median rent pricing are Casanova Oak Knoll at $1,975, Del Monte Grove Laguna Grande at $1,975, and Villa Del Monte at $1,975. 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 |
|---|---|---|---|
| Casanova Oak Knoll | $3,900 | $1,975 | 8 |
| Del Monte Grove Laguna Grande | $3,900 | $1,975 | 8 |
| Villa Del Monte | $3,900 | $1,975 | 7 |
| New Monterey | $4,895 | $2,275 | 6 |
| Old Monterey Business District | $5,400 | $2,275 | 7 |
| Skyline Forest | $5,400 | $2,275 | 15 |
| Monterey Vista | $5,497 | $3,800 | 3 |
| Old Town | $6,000 | $2,275 | 3 |
| Outer Monterey | $6,500 | $1,750 | 42 |
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 Pines Apartments in the Villa Del Monte neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,400. 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 Pines Apartments | One Bedroom One Bath | 1BR,1BA | $2,400 |
| Pacific Grove Senior Living | Studio - Lake Park | Studio,1BA | $2,400 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $2,448 |
| Seagrove | A2 | 1BR,1BA | $2,850 |
Best Value Apartments for Rent in Monterey, CA
As of July 03, 2025 the best value apartment in the Monterey area is the $2.73 price per square foot Two Bedroom Model at The Independent in the in the Villa Del Monte neighborhood starting from $4,100. The second greatest value Monterey apartment is the 2 Bedroom / 1.5 Bath Model at 451 Dela Vina Ave #207 - Monterey starting at $3,100 with a $3.02 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 | Two Bedroom | 2BR,2BA | $2.73 |
| 451 Dela Vina Ave #207 - Monterey | 2 Bedroom / 1.5 Bath | 2BR,1.5BA | $3.02 |
| 675 Jefferson Street - Monterey | 2 Bed / 1.5 Bath | 2BR,1.5BA | $2.86 |
| 302 Ocean Ave, Unit 2 | 302 Ocean Ave | 2BR,1BA | $2.50 |
| 255 Larkin St, Unit No. 3 | 255 Larkin St | 2BR,1BA | $3.00 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| 464 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.07 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| The Shangri La Apartments | 2 Bedroom Large Renovated with Balcony | 2BR,1BA | $3.95 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Quick Rent Budget Calculator
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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
Monterey, CA Apartments MapMonterey, CA Rental Homes MapGetting 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®
35 / 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 Pacific Grove Senior Living listed at $2,400.
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 $2,900 at The Shangri La Apartments.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.