1019 Funston Ave
Pacific GroveCA93950
Cheap Homes for Rent in Monterey, CA from $1,800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.
1251 Ninth St
MontereyCA93940
1196 Waring St
SeasideCA93955
514 Sloat Ave
MontereyCA93940
920 Hillcrest Ct
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.
588 Junipero Ave
Pacific GroveCA93950
811 Alameda Ave
MontereyCA93940
357 Park Ave
MontereyCA93940
211 6th St
Pacific GroveCA93950
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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.
810 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 | $4,063 | $2,850 | $6,600 |
| Monterey 3 Bedroom Homes for Rent | $4,996 | $3,400 | $9,500 |
| Monterey 4 Bedroom Homes for Rent | $8,500 | $8,500 | $8,500 |
| Monterey 5 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Monterey
Explore Monterey
Monterey, CA Local Guide
- Monterey Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 11/12/2025Current apartment rentals in the Monterey, CA area range in price from $1,775 to $9,066 with an overall median price of $3,335. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,500, New Monterey at $1,975, and Monterey Vista at $2,302. 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 | $2,937 | $2,500 | 2 |
| New Monterey | $3,200 | $1,975 | 23 |
| Monterey Vista | $3,300 | $2,302 | 3 |
| Old Town | $3,300 | $2,500 | 3 |
| Outer Monterey | $3,423 | $1,775 | 80 |
| Villa Del Monte | $3,423 | $1,775 | 30 |
| Skyline Forest | $3,434 | $1,775 | 12 |
| Casanova Oak Knoll | $3,442 | $1,775 | 28 |
| Del Monte Grove Laguna Grande | $3,442 | $1,775 | 28 |
| Old Monterey Business District | $3,450 | $1,775 | 11 |
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 Townhouse in the Villa Del Monte neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,094. 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 Townhouse | Studio Reno | Studio,1BA | $2,094 |
| 456 Spencer Street - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,200 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,250 |
| 131 Lighthouse Avenue - Monterey | 131lr11a | 2BR,1BA | $2,351 |
Best Value Apartments for Rent in Monterey, CA
As of November 12, 2025 the best value apartment in the Monterey area is the $3.88 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Outer Monterey neighborhood starting from $4,457. The second greatest value Monterey apartment is the 131lr11a Model at 131 Lighthouse Avenue - Monterey starting at $2,351 with a $2.22 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 | $3.88 |
| 131 Lighthouse Avenue - Monterey | 131lr11a | 2BR,1BA | $2.22 |
| Ocean View at Pacific Grove Apartments | 2 + 2 -1025sqft | 2BR,2BA | $2.93 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.93 |
| 305 19th St, Unit Apartment 2 | 305 19th St | 2BR,1BA | $3.47 |
| Seagrove | A1.1 | 1BR,1BA | $3.77 |
| DayStar Apartments | Townhouse-2 bedroom 1.5 bath | 2BR,1.5BA | $3.62 |
| Pacific Vista | 2X1 Renovated | 2BR,1BA | $3.77 |
| 456 Spencer Street - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.38 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleQuick Rent Budget Calculator
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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 382 Apartments for Rent in Monterey, CA with pricing that ranges from $1,775 to $4,695. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $1,800 to $9,500.
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 $1,800 to $9,500 with an average monthly rent of $4,306.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
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.