1 Beach Way
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $1,100 (84 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
740 Dickman Ave
MontereyCA93940
541 Wave St
MontereyCA93940
763-765 Taylor St
MontereyCA93940
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$2,166 - $3,309
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$2,151 - $3,294
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Monterey Townhouse
825 Casanova AveMonterey, CA 93940
461 Reeside Ave
MontereyCA93940
333 Clay St
MontereyCA93940
846 Alice St
MontereyCA93940
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$2,400 - $3,5001 to 2 Bedroom Apartments Available Now
Monterey Pines Apartments
201 Glenwood CirMonterey, CA 93940
138 Mar Vista Dr
MontereyCA93940
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.
1072 First St
MontereyCA93940
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$2,650 - $3,950Studio to 2 Bedroom Apartments Available Now
Footprints on the Bay
300 GlenwoodMonterey, CA 93940
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$2,650 - $3,8001 to 2 Bedroom Apartments Available Now
Surfside Apartments
151 Surf WayMonterey, CA 93940
680 Cortes St
MontereyCA93940
830 Parcel St
MontereyCA93940
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$2,775 - $3,3111 to 2 Bedroom Apartments Available Now
Pacific Pines
930 Casanova AveMonterey, CA 93940
851 Taylor St
MontereyCA93940
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$2,999
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2 Bedroom Apartment Available NowTotal Monthly Price
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$2,999
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$2,999
638 Laine St, Unit APARTMENT
638 Laine StMonterey, CA 93940
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$3,000 - $3,5002 Bedroom Apartments Contact Us For Availability
200 Dunecrest Ave
200 Dunecrest AveMonterey, CA 93940
301 Monroe 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.
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$3,169
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$3,154
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Pacific Vista
57 Soledad DrMonterey, CA 93940
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1 Bedroom Apartments
666 Casanova Ave
666 Casanova AveMonterey, CA 93940
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Studio to 2 Bedroom Apartments
Villa Ramona Apartments
455 Ramona AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
Presidio Apartments
1100 McClellan AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
Sloat Apartments
650 Sloat AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
Bldg A
230 Lighthouse AveMonterey, CA 93940
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Studio to 1 Bedroom Apartments
832haw
832-843 Hawthorne StMonterey, CA 93940
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Studio to 2 Bedroom Apartments
Mar Vista Drive
66-98 Mar Vista DrMonterey, CA 93940
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1 Bedroom Apartments
501-555 Ocean Ave
501-555 Ocean AveMonterey, CA 93940
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Studio to 2 Bedroom Apartments
1280 Del Monte Avenue - Monterey
1280 Del Monte AveMonterey, CA 93940
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.
500 Glenwood Cir
MontereyCA93940
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1 to 2 Bedroom Apartments
422 Alvarado St
422 Alvarado StMonterey, CA 93940
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Studio to 2 Bedroom Apartments
696casa
696 Casanova AveMonterey, CA 93940
300 Glenwood Cir
MontereyCA93940
820 Casanova Ave
MontereyCA93940
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1 to 2 Bedroom Apartments
431 Spencer Street - Monterey
429-431 Spencer StMonterey, CA 93940
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1 to 2 Bedroom Apartments
456dela
456 Dela Vina AveMonterey, CA 93940
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2 Bedroom Apartments
812 Park Avenue - Monterey
1062-1082 8th StMonterey, CA 93940
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1 to 2 Bedroom Apartments
131 Lighthouse Avenue - Monterey
131 Lighthouse AveMonterey, CA 93940
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1 Bedroom Apartments
RM724S
724 Spencer StMonterey, CA 93940
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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1 to 2 Bedroom Apartments
799 Lighthouse Avenue - Monterey
799 Lighthouse AveMonterey, CA 93940
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2 Bedroom Apartments
DayStar Apartments
412 Dela Vina AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
RM775S
775 Spencer StMonterey, CA 93940
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1 to 3 Bedroom Apartments
464 Ramona Avenue - Monterey
466 Ramona AveMonterey, CA 93940
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Studio to 2 Bedroom Apartments
675 Jefferson Street - Monterey
675 Jefferson StMonterey, CA 93940
95 Montsalas Dr
MontereyCA93940
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2 Bedroom Apartments
451 Dela Vina Ave #207 - Monterey
451 Dela Vina AveMonterey, CA 93940
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2 Bedroom Apartments
70 Forest Ridge #27
70 Forest Ridge RdMonterey, CA 93940
250 Forest Ridge Rd
MontereyCA93940
780 Amador Ave
SeasideCA93955
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.
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 | $2,021 | $1,495 | $2,650 |
| Cheap Monterey 1 Bedroom Apartments | $3,068 | $1,850 | $5,495 |
| Cheap Monterey 2 Bedroom Apartments | $3,570 | $2,075 | $6,045 |
| Cheap Monterey 3 Bedroom Apartments | $3,079 | $2,850 | $3,309 |
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
- School Districts
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 04/01/2026Current apartment rentals in the Monterey, CA area range in price from $1,495 to $6,045 with an overall median price of $3,280. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,650, Old Town at $3,050, 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 | $2,650 | $2,650 | 1 |
| Old Town | $3,050 | $3,050 | 1 |
| Monterey Vista | $3,078 | $2,500 | 2 |
| New Monterey | $3,297 | $1,850 | 20 |
| Outer Monterey | $3,309 | $1,495 | 86 |
| Casanova Oak Knoll | $3,398 | $1,495 | 40 |
| Del Monte Grove Laguna Grande | $3,398 | $1,495 | 40 |
| Skyline Forest | $3,424 | $1,850 | 33 |
| Villa Del Monte | $3,450 | $1,495 | 39 |
| Old Monterey Business District | $3,750 | $1,850 | 24 |
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. 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 |
|---|---|---|---|
| 1132-1136 Phoenix Ave | Studio | Studio,1BA | $1,814 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $2,166 |
| The Shangri La Apartments | 1 Bedroom Renovated | 1BR,1BA | $2,200 |
| Monterey Pines Apartments | One Bedroom One Bath | 1BR,1BA | $2,400 |
| SeaBreeze Apartment Homes | A2 | 1BR,1BA | $2,400 |
| Pacific Grove - 55+ Senior Apartments | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,595 |
| 131 Lighthouse Avenue - Monterey | 131Lr09b | 2BR,1BA | $2,600 |
| 812 Park Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $2,600 |
Best Value Apartments for Rent in Monterey, CA
As of April 01, 2026 the best value apartment in the Monterey area is the $3.58 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Outer Monterey neighborhood starting from $4,120. The second greatest value Monterey apartment is the 131L09 Model at 131 Lighthouse Avenue - Monterey starting at $2,600 with a $2.76 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. |
|---|---|---|---|
| Seventeen Mile Drive Village Apartment Homes | Residence 1 Luxury | 2BR,2BA | $3.58 |
| 131 Lighthouse Avenue - Monterey | 131L09 | 2BR,1BA | $2.76 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| The Independent | One Bedroom | 1BR,1BA | $3.71 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $3.62 |
| RM775S | 2BR/1.0BA | 2BR,1BA | $3.73 |
| 812 Park Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.71 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 1108 Patterson Ln, Unit Upstairs Unit | 1108 Patterson Ln | 1BR,1BA | $4.17 |
| 832haw | 1BR/1.0BA | 1BR,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.
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.
Read ArticleCash 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
La Mesa Elementary
Monterey Peninsula Unified School District
Public School - Grades K-8 (0)
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
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 $1,873 at 1132-1136 Phoenix Ave.
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 $2,600 at 812 Park Avenue - Monterey.
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
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.