4089 Sunset Ln
Pebble BeachCA93953
Cheap Homes for Rent in Monterey, CA from $1,700 (10 Rentals)
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$1,7001 Bedroom Apartments Available Now
950 Portola Dr, Unit 2
950 Portola DrDel Rey Oaks, CA 93940
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$2,2001 Bedroom Apartments Available Now
1221 Eighth St, Unit 2
1221 Eighth StMonterey, CA 93940
300 Glenwood Cir
MontereyCA93940
518 10th St
Pacific GroveCA93950
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.
1580 Wanda Ave
SeasideCA93955
1596 Luxton St
SeasideCA93955
820 Casanova Ave
MontereyCA93940
628 Eardley Ave
Pacific GroveCA93950
215 2nd St
Pacific GroveCA93950
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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Monterey, CA Local Guide
How much does it cost to rent a home in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey 2 Bedroom Homes for Rent | $3,723 | $2,595 | $6,250 |
| Monterey 3 Bedroom Homes for Rent | $5,299 | $3,450 | $8,500 |
| Monterey 4 Bedroom Homes for Rent | $6,233 | $4,700 | $8,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Monterey
Explore Monterey
Monterey, CA Local Guide
- Monterey Neighborhoods
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Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 07/08/2026Current apartment rentals in the Monterey, CA area range in price from $1,425 to $9,533 with an overall median price of $4,817. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,395, Monterey Vista at $2,550, and New Monterey at $1,795. 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 | $2,950 | $2,395 | 4 |
| Monterey Vista | $3,185 | $2,550 | 2 |
| New Monterey | $3,300 | $1,795 | 13 |
| Old Monterey Business District | $3,398 | $1,850 | 21 |
| Skyline Forest | $3,398 | $1,795 | 21 |
| Old Town | $4,744 | $2,550 | 1 |
| Casanova Oak Knoll | $6,800 | $1,425 | 32 |
| Del Monte Grove Laguna Grande | $6,800 | $1,425 | 32 |
| Outer Monterey | $6,800 | $1,425 | 53 |
| Villa Del Monte | $6,800 | $1,425 | 33 |
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. The Independent in the Villa Del Monte neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,300. 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 |
| The Independent | Studio | Studio,1BA | $2,300 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,350 |
Best Value Apartments for Rent in Monterey, CA
As of July 08, 2026 the best value apartment in the Monterey area is the $3.57 price per square foot C2 Model at Seagrove in the in the Villa Del Monte neighborhood starting from $4,620. The second greatest value Monterey apartment is the Seabreeze Model at Footprints on the Bay starting at $3,550 with a $4.04 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. |
|---|---|---|---|
| Seagrove | C2 | 3BR,2BA | $3.57 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $4.04 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.87 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $3.57 |
| 828 Sinex Ave, Unit 828 Sinex Ave | 828 Sinex Ave | 1BR,1BA | $2.91 |
| 740 Crocker Ave | 1bedroom 1 bath upstairs | 1BR,1BA | $3.30 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.26 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| Monterey Townhouse | 1x1 Reno | 1BR,1BA | $4.00 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools in Monterey, CA
La Mesa Elementary
Monterey Peninsula Unified School District
Public School - Grades K-8 (689)
7 out of 10
Monterey High
Monterey Peninsula Unified School District
Public School - Grades 9-12 (1401)
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
Frequently Asked Questions about Monterey
What type of rentals are currently available in Monterey?
There are currently 401 Apartments for Rent in Monterey, CA with pricing that ranges from $1,425 to $9,533. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $1,700 to $8,500.
What is the current price range for Rental Homes in Monterey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monterey ranges from $1,700 to $8,500 with an average monthly rent of $4,428.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.