263 Monroe St
MontereyCA93940
Cheap Homes for Rent in Monterey, CA from $1,700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.
184 Pacific Ave
Pacific GroveCA93950
821 Walnut St
Pacific GroveCA93950
920 Hillcrest Ct
Pacific GroveCA93950
1260 Canyon Del Rey Blvd
SeasideCA93955
24335 San Pedro Ln
Carmel By The SeaCA93923
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.
820 Casanova Ave
MontereyCA93940
500 Glenwood Cir
MontereyCA93940
1261 Elm Ave
SeasideCA93955
3205 Golden Oaks Ln
MontereyCA93940
1620 Waring St
SeasideCA93955
913 Walnut St
Pacific GroveCA93950
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.
Showing Results 1-12, 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 a home in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey 2 Bedroom Homes for Rent | $3,686 | $2,495 | $6,600 |
| Monterey 3 Bedroom Homes for Rent | $4,908 | $3,550 | $8,500 |
| Monterey 4 Bedroom Homes for Rent | $5,216 | $3,500 | $7,500 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 02/19/2026Current apartment rentals in the Monterey, CA area range in price from $1,500 to $7,849 with an overall median price of $3,651. The three Monterey neighborhoods with the lowest median rent pricing are New Monterey at $1,850, Casanova Oak Knoll at $1,515, and Del Monte Grove Laguna Grande at $1,515. 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 |
|---|---|---|---|
| New Monterey | $2,995 | $1,850 | 23 |
| Casanova Oak Knoll | $3,415 | $1,515 | 46 |
| Del Monte Grove Laguna Grande | $3,415 | $1,515 | 46 |
| Villa Del Monte | $3,450 | $1,515 | 45 |
| Outer Monterey | $3,525 | $1,500 | 95 |
| Old Monterey Business District | $3,600 | $1,850 | 28 |
| Skyline Forest | $3,600 | $1,850 | 33 |
| Monterey Vista | $3,875 | $3,041 | 4 |
| Old Monterey | $4,988 | $2,295 | 3 |
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 $2,113. 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 | $2,113 |
| SeaBreeze Apartment Homes | B1 | 2BR,1BA | $2,400 |
| Monterey Pines Apartments | One Bedroom One Bath | 1BR,1BA | $2,400 |
| The Shangri La Apartments | 1 Bedroom Large Renovated | 1BR,1BA | $2,400 |
Best Value Apartments for Rent in Monterey, CA
As of February 19, 2026 the best value apartment in the Monterey area is the $0.34 price per square foot 305 19th St Model at 305 19th St, Unit 2 in the in the Outer Monterey neighborhood starting from $2,950. The second greatest value Monterey apartment is the TH Model at Seagrove starting at $4,785 with a $3.99 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. |
|---|---|---|---|
| 305 19th St, Unit 2 | 305 19th St | 2BR,1BA | $0.34 |
| Seagrove | TH | 2BR,2.5BA | $3.99 |
| Seventeen Mile Drive Village Apartment Homes | Residence 1 Luxury | 2BR,2BA | $3.50 |
| 456dela | 2BR/1.0BA | 2BR,1BA | $2.44 |
| 131 Lighthouse Avenue - Monterey | 131Lr09b | 2BR,1BA | $2.48 |
| 833 Taylor St, Unit 2 | 833 Taylor St | 2BR,1BA | $3.28 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| The Independent | One Bedroom | 1BR,1BA | $3.71 |
| 557 Laine St, Unit 557 Laine St APT. 3 Mont | 557 Laine St | 2BR,1BA | $3.34 |
| 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.
Read Article
The 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.
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 398 Apartments for Rent in Monterey, CA with pricing that ranges from $1,515 to $7,849. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $1,750 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 $1,750 to $8,500 with an average monthly rent of $3,871.
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.