2010 Mendocino St
SeasideCA93955
Cheap Homes for Rent in Monterey, CA from $1,700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.
1620 Waring St
SeasideCA93955
820 Casanova Ave
MontereyCA93940
500 Glenwood Cir
MontereyCA93940
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.
4205 Golden Oaks Ln
MontereyCA93940
3205 Golden Oaks Ln
MontereyCA93940
300 Glenwood Cir
MontereyCA93940
4305 Golden Oaks Ln
MontereyCA93940
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 1-8, Page 1 of 1
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 | $3,710 | $3,050 | $4,599 |
| Monterey 3 Bedroom Homes for Rent | $5,188 | $3,350 | $8,750 |
| Monterey 4 Bedroom Homes for Rent | $5,115 | $3,775 | $7,500 |
Browse Top Homes for Rent in Monterey
Explore Monterey
Monterey, CA Local Guide
- Monterey Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 04/06/2026Current apartment rentals in the Monterey, CA area range in price from $1,495 to $6,045 with an overall median price of $3,227. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,550, Old Town at $2,175, and Monterey Vista at $3,107. 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 | $2,650 | $2,550 | 2 |
| Old Town | $3,050 | $2,175 | 1 |
| Monterey Vista | $3,107 | $3,107 | 1 |
| New Monterey | $3,200 | $1,650 | 22 |
| Casanova Oak Knoll | $3,305 | $1,495 | 43 |
| Del Monte Grove Laguna Grande | $3,305 | $1,495 | 43 |
| Outer Monterey | $3,309 | $1,495 | 87 |
| Villa Del Monte | $3,354 | $1,495 | 41 |
| Skyline Forest | $3,424 | $1,850 | 30 |
| Old Monterey Business District | $3,575 | $1,850 | 23 |
Cheapest Available Monterey Apartments for Rent
The cheapest available apartment rental in Monterey, CA is a Studio unit found at 1132-1136 Phoenix Ave in the Villa Del Monte neighborhood priced from $1,814. 832haw in the Outer Monterey neighborhood has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| 1132-1136 Phoenix Ave | Studio | Studio,1BA | $1,814 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $1,913 |
Best Value Apartments for Rent in Monterey, CA
As of April 06, 2026 the best value apartment in the Monterey area is the $3.59 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Outer Monterey neighborhood starting from $4,123. The second greatest value Monterey apartment is the B1.1 Model at Seagrove starting at $4,050 with a $3.75 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 | $3.59 |
| Seagrove | B1.1 | 2BR,2BA | $3.75 |
| 131 Lighthouse Avenue - Monterey | 131L09 | 2BR,1BA | $2.76 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| The Independent | One Bedroom | 1BR,1BA | $3.71 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $3.66 |
| RM775S | 2BR/1.0BA | 2BR,1BA | $3.53 |
| 812 Park Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.71 |
| Surfside Apartments | One Bedroom | 1BR,1BA | $4.08 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 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 (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 402 Apartments for Rent in Monterey, CA with pricing that ranges from $1,495 to $6,045. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $1,750 to $8,750.
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 $8,750 with an average monthly rent of $3,927.
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.