541 Wave St
MontereyCA93940
Cheap Apartments for Rent in the New Monterey Neighborhood of Monterey, CA from $1,500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Monterey area of Monterey.
740 Dickman Ave
MontereyCA93940
461 Reeside Ave
MontereyCA93940
251 Lighthouse Ave
MontereyCA93940
763-765 Taylor St
MontereyCA93940
851 Taylor St
MontereyCA93940
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
Presidio Apartments
1100 McClellan AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
Bldg A
230 Lighthouse AveMonterey, CA 93940
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Studio to 1 Bedroom Apartments
832haw
832-843 Hawthorne StMonterey, CA 93940
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1 Bedroom Apartments
RM1972I
1972 Irving AveMonterey, CA 93940
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1 Bedroom Apartments
CM237L
237 LIGHTHOUSEMonterey, CA 93940
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1 Bedroom Apartments
RM480P
480 Prescott AveMonterey, CA 93940
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.
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1 to 2 Bedroom Apartments
431 Spencer Street - Monterey
429-431 Spencer StMonterey, CA 93940
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1 Bedroom Apartments
RM724S
724 Spencer StMonterey, CA 93940
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1 to 2 Bedroom Apartments
RM775S
775 Spencer StMonterey, CA 93940
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1 to 2 Bedroom Apartments
131 Lighthouse Avenue - Monterey
131 Lighthouse AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
799 Lighthouse Avenue - Monterey
799 Lighthouse AveMonterey, CA 93940
624 Laine St
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.
1129 Hellam St
MontereyCA93940
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Rent Specials
$2,595 - $4,295Studio to 2 Bedroom Apartments Available Now
Pacific Grove Senior Living
551 Gibson AvePacific Grove, CA 93950
189 Central Ave
Pacific GroveCA93950
308-301 1st St
Pacific GroveCA93950
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1 to 2 Bedroom Apartments
517 Fountain Avenue - Pacific Grove
517 Fountain AvePacific Grove, CA 93950
605 2nd St
Pacific GroveCA93950
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
607 2nd St
Pacific GroveCA93950
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2 Bedroom Apartments
The Chateau Apartments
181 Central AvePacific Grove, CA 93950
Showing Results 1-26, Page 1 of 1
New Monterey, Monterey, CA Local Guide
How much does it cost to rent an apartment in New Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Monterey 1 Bedroom Apartments | $2,876 | $1,795 | $4,295 |
| New Monterey 2 Bedroom Apartments | $3,358 | $2,900 | $3,595 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the New Monterey Neighborhood of Monterey, CA.
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Cheapest Available New Monterey Apartments for Rent
The cheapest available apartment rental in the New Monterey area of Monterey, CA is a 1 Bed unit found at 832haw priced from $1,875. RM724S has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,495. Here are the most affordable New Monterey apartments for rent in Monterey, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| RM724S | 1BR/1.0BA | 1BR,1BA | $2,495 |
| RM775S | 2BR/1.0BA | 2BR,1BA | $2,595 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,595 |
| 131 Lighthouse Avenue - Monterey | 131Lr09b | 2BR,1BA | $2,600 |
Best Value Apartments for Rent in New Monterey, CA
As of April 26, 2026 the best value apartment in the New Monterey area is the $2.76 price per square foot 131L09 Model at 131 Lighthouse Avenue - Monterey in the in the Villa Del Monte neighborhood starting from $2,600. The second greatest value New Monterey apartment is the 2BR/1.0BA Model at RM775S starting at $2,595 with a $3.46 price per square foot in the Skyline Forest neighborhood. Here is today’s list of the best values for New Monterey apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 131 Lighthouse Avenue - Monterey | 131L09 | 2BR,1BA | $2.76 |
| RM775S | 2BR/1.0BA | 2BR,1BA | $3.46 |
| Pacific Grove Senior Living | 2 Bed 2 Bath - Seaside | 2BR,2BA | $5.21 |
| RM724S | 1BR/1.0BA | 1BR,1BA | $4.16 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Frequently Asked Questions about Cheap New Monterey Apartments
How much is rent for a Cheap One Bedroom New Monterey Apartment?
The lowest price for a Cheap One Bedroom New Monterey Apartment is $1,875 at 832haw.
What is the lowest price for a Cheap Two Bedroom New Monterey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Monterey is starting from $2,595 at RM775S.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.