
Cheap Apartments for Rent in the New Monterey Neighborhood of Monterey, CA from $1,500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Monterey area of Monterey.


201 Cannery Row

150 Hawthorne St

431 Spencer Street - Monterey

X456S - OLD

862-872 Laine St

845 Wave St

871 Hawthorne St
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.

750 Spencer St

457 Spencer St

250 McClellan Avenue - Monterey

263 Monroe

456-470 Oak St

Withers Avenue Apartments

x1105M - OLD

227 Watson St
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.

737 Laine St

799 Lighthouse Avenue - Monterey

501 Lighthouse Avenue - Monterey

Presidio Apartments

227 Watson Street - Monterey

832haw

Huckleberry Hill Townhouses

560 Scott St
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.

Pacific Grove - 55+ Senior Apartments

517 Fountain Avenue - Pacific Grove

1149 Forest Ave

419 Forest Ave

721 9th St

164 Evans Ave

Sunset Apartments

260 Lighthouse Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $2,498 | $2,200 | $2,895 |
| New Monterey 1 Bedroom Apartments | $2,976 | $2,250 | $4,695 |
| New Monterey 2 Bedroom Apartments | $3,266 | $3,100 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the New Monterey Neighborhood of Monterey, CA.
See all Apartments in MontereyExplore Monterey
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 $2,250. 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 | $2,250 |
| 131 Lighthouse Avenue - Monterey | 131Lr09e | 2BR,1BA | $2,750 |
Best Value Apartments for Rent in New Monterey, CA
As of January 06, 2026 the best value apartment in the New Monterey area is the $3.00 price per square foot 131Lr09e Model at 131 Lighthouse Avenue - Monterey in the in the Villa Del Monte neighborhood starting from $2,750. The second greatest value New Monterey apartment is the 2 Bed 2 Bath - Seaside Model at Pacific Grove - 55+ Senior Apartments starting at $3,100 with a $4.75 price per square foot in the Outer Monterey 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 | 131Lr09e | 2BR,1BA | $3.00 |
| Pacific Grove - 55+ Senior Apartments | 2 Bed 2 Bath - Seaside | 2BR,2BA | $4.75 |
| 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 $2,750 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!