740 Dickman Ave
MontereyCA93940
Cheap Apartments for Rent in the New Monterey Neighborhood of Monterey, CA from $1,500 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Monterey area of Monterey.
541 Wave St
MontereyCA93940
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1 to 2 Bedroom Apartments
Presidio Apartments
1100 McClellan 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
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 to 2 Bedroom Apartments
517 Fountain Avenue - Pacific Grove
517 Fountain AvePacific Grove, CA 93950
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.
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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 Studio Apartments | $2,125 | $2,050 | $2,200 |
| New Monterey 1 Bedroom Apartments | $2,867 | $1,850 | $4,295 |
| New Monterey 2 Bedroom Apartments | $3,153 | $2,345 | $3,495 |
Browse Apartments in this Neighborhood
There are currently 6 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. Pacific Grove - 55+ Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,595. 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 |
| Pacific Grove - 55+ Senior Apartments | 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 March 12, 2026 the best value apartment in the New Monterey area is the $2.67 price per square foot 1120 McClellan Ave Model at 1120 McClellan Ave, Unit Apt 3 in the in the Skyline Forest neighborhood starting from $3,200. The second greatest value New Monterey apartment is the 131Lr09b Model at 131 Lighthouse Avenue - Monterey starting at $2,600 with a $2.48 price per square foot in the Villa Del Monte 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. |
|---|---|---|---|
| 1120 McClellan Ave, Unit Apt 3 | 1120 McClellan Ave | 2BR,1.5BA | $2.67 |
| 131 Lighthouse Avenue - Monterey | 131Lr09b | 2BR,1BA | $2.48 |
| 557 Laine St, Unit 557 Laine St APT. 3 Mont | 557 Laine St | 2BR,1BA | $3.34 |
| Pacific Grove - 55+ Senior Apartments | 2 Bed 2 Bath - Seaside | 2BR,2BA | $5.21 |
| 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 $2,600 at 131 Lighthouse Avenue - Monterey.
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.