1129 Hellam St
MontereyCA93940
Cheap Homes for Rent in New Monterey Neighborhood of Monterey, CA from $3,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the New Monterey area of Monterey.
315 Monroe St
MontereyCA93940
624 Laine 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.
340 Archer St
MontereyCA93940
515 Dickman Ave
MontereyCA93940
525 Laurel Ave
Pacific GroveCA93950
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.
760 Prescott Ave
MontereyCA93940
Showing Results 1-7, Page 1 of 1
New Monterey, Monterey, CA Local Guide
How much does it cost to rent a home in New Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Monterey 2 Bedroom Homes for Rent | $3,395 | $3,300 | $3,500 |
| New Monterey 3 Bedroom Homes for Rent | $4,939 | $3,895 | $6,500 |
| New Monterey 4 Bedroom Homes for Rent | $4,390 | $4,390 | $4,390 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the New Monterey Neighborhood of Monterey, CA.
Explore Monterey
Let everyone know!
Do you know the New Monterey area?
If you’re an expert on all things New Monterey, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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. RM480P has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. 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 |
| RM480P | 1BR/1.0BA | 1BR,1BA | $2,200 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,595 |
Best Value Apartments for Rent in New Monterey, CA
As of April 10, 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 $2,650 with a $3.53 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 | $3.53 |
| 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 |
| RM724S | 1BR/1.0BA | 1BR,1BA | $4.33 |
| RM480P | 1BR/1.0BA | 1BR,1BA | $4.19 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Frequently Asked Questions about New Monterey
What type of rentals are currently available in New Monterey?
There are currently 101 Apartments for Rent in New Monterey, CA with pricing that ranges from $1,650 to $4,295. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Monterey ranging from $3,300 to $6,500.
What is the current price range for Rental Homes in New Monterey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Monterey ranges from $3,300 to $6,500 with an average monthly rent of $4,131.
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
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.
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.