251 Palo Verde Ave
MontereyCA93940
Cheap Homes for Rent in Monterey, CA from $2,100 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.
1255 Yosemite St
SeasideCA93955
3204 Golden Oaks Ln
MontereyCA93940
3102 Golden Oaks Ln
MontereyCA93940
588 Junipero Ave
Pacific GroveCA93950
25383 Flanders Dr
CarmelCA93923
820 Casanova Ave
MontereyCA93940
300 Glenwood Cir
MontereyCA93940
1045 Olympia Ave
SeasideCA93955
140 Pheasant Ridge Rd
Del Rey OaksCA93940
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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 a home in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey 2 Bedroom Homes for Rent | $4,539 | $2,695 | $6,600 |
| Monterey 3 Bedroom Homes for Rent | $4,987 | $3,400 | $10,000+ |
| Monterey 4 Bedroom Homes for Rent | $6,409 | $4,200 | $8,500 |
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: 09/18/2025Current apartment rentals in the Monterey, CA area range in price from $788 to $10,500 with an overall median price of $3,546. 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 $2,295. 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 | $2,500 | $2,500 | 1 |
| Old Town | $2,500 | $2,500 | 1 |
| Monterey Vista | $2,990 | $2,295 | 4 |
| Skyline Forest | $3,100 | $1,850 | 15 |
| Old Monterey Business District | $3,450 | $2,295 | 13 |
| New Monterey | $3,547 | $2,045 | 17 |
| Outer Monterey | $4,175 | $788 | 70 |
| Casanova Oak Knoll | $4,400 | $788 | 38 |
| Del Monte Grove Laguna Grande | $4,400 | $788 | 38 |
| Villa Del Monte | $4,400 | $788 | 39 |
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. Ocean View at Pacific Grove Apartments in the Outer Monterey neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,975. 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 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio,1BA | $1,975 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $2,151 |
Best Value Apartments for Rent in Monterey, CA
As of September 19, 2025 the best value apartment in the Monterey area is the $3.85 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Outer Monterey neighborhood starting from $4,422. The second greatest value Monterey apartment is the 205 Dunecrest Ave Model at 205 Dunecrest Ave, Unit 1 starting at $3,150 with a $3.15 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 | $3.85 |
| 205 Dunecrest Ave, Unit 1 | 205 Dunecrest Ave | 2BR,2BA | $3.15 |
| The Independent | One Bedroom | 1BR,1BA | $3.83 |
| 464 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.22 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| Seagrove | A1 | 1BR,1BA | $4.41 |
| Pacific Vista | 2X1 Renovated | 2BR,1BA | $3.78 |
| Pacific Pines | 2 Bedroom | 2BR,1BA | $4.19 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 832haw | 0BR/1.0BA | Studio ,1BA | $4.54 |
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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
Frequently Asked Questions about Monterey
What type of rentals are currently available in Monterey?
There are currently 375 Apartments for Rent in Monterey, CA with pricing that ranges from $788 to $10,500. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $2,100 to $11,000.
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 $2,100 to $11,000 with an average monthly rent of $4,299.
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.
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.
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.