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$1,5001 Bedroom Apartments Available Sep 1
950 Portola Dr, Unit 2
950 Portola DrDel Rey Oaks, CA 93940
Cheap Homes for Rent in Monterey, CA from $2,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.
1732 Fernando St
SeasideCA93955
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$2,2501 Bedroom Apartments Available Now
1221 Eighth St, Unit 2
1221 Eighth StMonterey, CA 93940
24335 San Pedro Ln
CarmelCA93923
3207 Golden Oaks Ln
MontereyCA93940
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
3103 Golden Oaks Ln
MontereyCA93940
500 Glenwood Cir
MontereyCA93940
300 Glenwood Cir
MontereyCA93940
1513 Vallejo St
SeasideCA93955
3 Dolores St
Carmel By The SeaCA93921
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
731 Mermaid Ave
Pacific GroveCA93950
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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 | $4,136 | $2,750 | $6,992 |
| Monterey 3 Bedroom Homes for Rent | $5,450 | $3,385 | $8,200 |
| Monterey 4 Bedroom Homes for Rent | $5,523 | $4,295 | $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
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Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 08/22/2026Current apartment rentals in the Monterey, CA area range in price from $1,600 to $9,490 with an overall median price of $2,911. The three Monterey neighborhoods with the lowest median rent pricing are New Monterey at $2,647, Outer Monterey at $2,695, and Old Monterey at $2,800. 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 |
|---|---|---|---|
| New Monterey | $2,647 | $1,795 | 13 |
| Outer Monterey | $2,695 | $1,600 | 53 |
| Old Monterey | $2,800 | $2,550 | 3 |
| Old Town | $2,800 | $2,550 | 3 |
| Monterey Vista | $2,882 | $1,900 | 6 |
| Skyline Forest | $2,900 | $1,795 | 21 |
| Old Monterey Business District | $2,963 | $1,900 | 20 |
| Casanova Oak Knoll | $3,097 | $1,700 | 26 |
| Del Monte Grove Laguna Grande | $3,097 | $1,700 | 26 |
| Villa Del Monte | $3,100 | $1,700 | 28 |
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. 696casa in the Villa Del Monte neighborhood has the second lowest priced unit, which is a Studio 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 |
|---|---|---|---|
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| 696casa | 0BR/1.0BA | Studio,1BA | $1,875 |
| 787 Laine St | 1 Beds, 1 Baths | 1BR,1BA | $2,045 |
| 1281 - 1299 8th Street | 1BR/1.0BA | 1BR,1BA | $2,150 |
| Ocean View at Pacific Grove Apartments | Studio Apartment | Studio,1BA | $2,200 |
Best Value Apartments for Rent in Monterey, CA
As of August 23, 2026 the best value apartment in the Monterey area is the $3.53 price per square foot C2 Model at Seagrove in the in the Villa Del Monte neighborhood starting from $4,575. The second greatest value Monterey apartment is the Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes starting at $4,507 with a $3.92 price per square foot in the Outer Monterey 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 | $3.53 |
| Seventeen Mile Drive Village Apartment Homes | Residence 1 Luxury | 2BR,2BA | $3.92 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $4.04 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.93 |
| 845L-T/L-DP | 2BR/1.0BA | 2BR,1BA | $4.02 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.19 |
| 1220 2nd St | 1220 2nd St | 1BR,1BA | $3.26 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $3.50 |
| 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
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 School
Monterey Peninsula Unified School District
Public School - Grades K-8 (689)
7 out of 10
Monterey High School
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 400 Apartments for Rent in Monterey, CA with pricing that ranges from $1,700 to $9,490. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $2,200 to $8,200.
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 $2,200 to $8,200 with an average monthly rent of $4,693.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.