541 Wave St
MontereyCA93940
Cheap Apartments for Rent in the New Monterey Neighborhood of Monterey, CA from $1,500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Monterey area of Monterey.
574 Belden St
MontereyCA93940
461 Reeside Ave
MontereyCA93940
842 Laine St
MontereyCA93940
601 David Ave
MontereyCA93940
812-814 Laine St
MontereyCA93940
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$3,0502 Bedroom Apartments Available Now
399 Dickman Ave
399 Dickman AveMonterey, CA 93940
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$3,200
Total Monthly Price
Base Rent$3,200
Total Monthly Price$3,200
833 Taylor St, Unit 2
833 Taylor StMonterey, CA 93940
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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
1972 Irving Ave
1972 Irving AveMonterey, CA 93940
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Studio to 2 Bedroom Apartments
RM775S
775 Spencer StMonterey, CA 93940
554 Lighthouse Ave
MontereyCA93940
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 Bedroom Apartments
787 Laine St
787 Laine StMonterey, CA 93940
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1 Bedroom Apartments
RM480P
480 Prescott AveMonterey, CA 93940
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1 Bedroom Apartments
237 LIGHTHOUSE
237 LIGHTHOUSEMonterey, CA 93940
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1 Bedroom Apartments
800 Parcel St
800 Parcel StMonterey, CA 93940
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2 Bedroom Apartments
860 Parcel Street
860 Parcel StMonterey, CA 93940
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1 to 2 Bedroom Apartments
501 Lighthouse Avenue - Monterey
501 Lighthouse AveMonterey, CA 93940
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1 to 2 Bedroom Apartments
431 Spencer Street - Monterey
429-431 Spencer StMonterey, CA 93940
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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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
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
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2 Bedroom Apartments
RM700L
700 Laine StMonterey, CA 93940
601 Forest Ave
Pacific GroveCA93950
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Rent Specials
$3,095 - $3,495Studio to 2 Bedroom Apartments Available Now
Pacific Grove Senior Living
551 Gibson AvePacific Grove, CA 93950
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
517 Fountain Avenue - Pacific Grove
517 Fountain AvePacific Grove, CA 93950
1129 Forest Ave
Pacific GroveCA93950
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2 Bedroom Apartments
The Chateau Apartments
181 Central AvePacific Grove, CA 93950
Showing Results 1-31, 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 Studio Apartments | $2,050 | $2,050 | $2,050 |
| New Monterey 1 Bedroom Apartments | $2,573 | $1,795 | $3,550 |
| New Monterey 2 Bedroom Apartments | $3,131 | $2,300 | $3,495 |
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 31 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. 787 Laine St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,045. 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 |
| 787 Laine St | 1 Beds, 1 Baths | 1BR,1BA | $2,045 |
| 800 Parcel St | 1BR/1.0BA | 1BR,1BA | $2,200 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,295 |
| 399 Dickman Ave | 2 Beds, 1.5 baths | 2BR,1BA | $3,050 |
| Pacific Grove Senior Living | 2 Bed 2 Bath - Seaside | 2BR,2BA | $3,395 |
Best Value Apartments for Rent in New Monterey, CA
As of September 09, 2026 the best value apartment in the New Monterey area is the $3.56 price per square foot 833 Taylor St Model at 833 Taylor St, Unit 2 in the in the Skyline Forest neighborhood starting from $3,200. The second greatest value New Monterey apartment is the 1 Bedroom / 1 Bathroom Model at 501 Lighthouse Avenue - Monterey starting at $2,295 with a $3.19 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. |
|---|---|---|---|
| 833 Taylor St, Unit 2 | 833 Taylor St | 2BR,1BA | $3.56 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.19 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $5.36 |
| 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 $3,050 at 399 Dickman Ave.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.