541 Wave St
MontereyCA93940
Cheap Apartments for Rent in the New Monterey Neighborhood of Monterey, CA from $1,500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Monterey area of Monterey.
461 Reeside Ave
MontereyCA93940
599 Irving Ave
MontereyCA93940
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$2,895
Total Monthly Price
2 Bedroom Apartment Available Jun 15Total Monthly Price
Base Rent
$2,895
Total Monthly Price
$2,895
255 Larkin St, Unit Apartment 1
255 Larkin StMonterey, CA 93940
211 Larkin St
MontereyCA93940
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$2,999
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,999
Total Monthly Price
$2,999
638 Laine St, Unit APARTMENT
638 Laine StMonterey, CA 93940
363 Spencer 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.
851 Taylor St
MontereyCA93940
901 Hawthorne St
MontereyCA93940
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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
Crivello Apartments
832-843 Hawthorne StMonterey, CA 93940
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1 Bedroom Apartments
1972 Irving Ave
1972 Irving AveMonterey, CA 93940
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1 Bedroom Apartments
237 LIGHTHOUSE
237 LIGHTHOUSEMonterey, 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 Bedroom Apartments
480 Prescott Ave
480 Prescott AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
431 Spencer Street - Monterey
429-431 Spencer StMonterey, CA 93940
274 Watson St
MontereyCA93940
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1 Bedroom Apartments
724 Spencer St
724 Spencer StMonterey, CA 93940
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1 Bedroom Apartments
251 Lighthouse Ave
251 Lighthouse AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
775 Spencer St
775 Spencer StMonterey, CA 93940
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1 to 2 Bedroom Apartments
131 Lighthouse Avenue - Monterey
131 Lighthouse AveMonterey, CA 93940
Cash 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.
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1 to 2 Bedroom Apartments
799 Lighthouse Avenue - Monterey
799 Lighthouse AveMonterey, CA 93940
221 Anita St
MontereyCA93940
815 Alice St
MontereyCA93940
813 Cypress St
MontereyCA93940
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Rent Specials
$2,500 - $3,495Studio to 2 Bedroom Apartments Available Now
Pacific Grove Senior Living
551 Gibson AvePacific Grove, CA 93950
308-301 1st St
Pacific GroveCA93950
530 Junipero Ave
Pacific GroveCA93950
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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1 to 2 Bedroom Apartments
517 Fountain Avenue - Pacific Grove
517 Fountain AvePacific Grove, CA 93950
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2 Bedroom Apartments
The Chateau Apartments
181 Central AvePacific Grove, CA 93950
Showing Results 1-30, 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 | $2,460 | $1,795 | $3,095 |
| New Monterey 2 Bedroom Apartments | $3,253 | $2,695 | $4,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 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 Crivello Apartments priced from $1,875. Pacific Grove Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,500. Here are the most affordable New Monterey apartments for rent in Monterey, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crivello Apartments | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,500 |
| 131 Lighthouse Avenue - Monterey | 131L09 | 2BR,1BA | $2,600 |
Best Value Apartments for Rent in New Monterey, CA
As of June 10, 2026 the best value apartment in the New Monterey area is the $2.79 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 638 Laine St Model at 638 Laine St, Unit APARTMENT starting at $2,999 with a $4.28 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 | $2.79 |
| 638 Laine St, Unit APARTMENT | 638 Laine St | 2BR,1BA | $4.28 |
| Pacific Grove Senior Living | 2 Bed 2 Bath - Seaside | 2BR,2BA | $5.21 |
| Crivello Apartments | 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 Crivello Apartments.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.