628 Eardley Ave
Pacific GroveCA93950
Cheap Homes for Rent in the New Monterey Neighborhood of Monterey, CA from $2,800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the New Monterey area of Monterey.
261 Larkin 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.
671 Lily St
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.
250 Monroe St
MontereyCA93940
Showing Results 1-5, 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 | $3,400 | $3,150 | $3,650 |
| New Monterey 3 Bedroom Homes for Rent | $4,876 | $3,500 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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. 501 Lighthouse Avenue - Monterey has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,350. 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 |
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,350 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $2,595 |
Best Value Apartments for Rent in New Monterey, CA
As of July 11, 2026 the best value apartment in the New Monterey area is the $3.26 price per square foot 1 Bedroom / 1 Bathroom Model at 501 Lighthouse Avenue - Monterey in the in the Skyline Forest neighborhood starting from $2,350. The second greatest value New Monterey apartment is the 2 Bed 2 Bath - Seaside Model at Pacific Grove Senior Living starting at $3,395 with a $5.21 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. |
|---|---|---|---|
| 501 Lighthouse Avenue - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $3.26 |
| Pacific Grove Senior Living | 2 Bed 2 Bath - Seaside | 2BR,2BA | $5.21 |
| 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 95 Apartments for Rent in New Monterey, CA with pricing that ranges from $1,850 to $3,550. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Monterey ranging from $2,800 to $6,000.
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 $2,800 to $6,000 with an average monthly rent of $3,818.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.