Cheap Homes for Rent in the New Monterey Neighborhood of Monterey, CA from $3,150 (2 Rentals)

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Search the lowest-cost Homes available for rent right now in the New Monterey area of Monterey.

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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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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Best Value Apartments for Rent in New Monterey, CA

As of August 25, 2026 the best value apartment in the New Monterey area is the $3.19 price per square foot 1 Bedroom / 1 Bathroom Model at 501 Lighthouse Avenue - Monterey in the in the Skyline Forest neighborhood starting from $2,295. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 Lighthouse Avenue - Monterey1 Bedroom / 1 Bathroom1BR,1BA$3.19
Pacific Grove Senior Living2 Bed 2 Bath - Seaside2BR,2BA$5.21
832haw1BR/1.0BA1BR,1BA$3.75

Frequently Asked Questions about New Monterey

What type of rentals are currently available in New Monterey?

There are currently 98 Apartments for Rent in New Monterey, CA with pricing that ranges from $2,050 to $3,550. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Monterey ranging from $3,150 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 $3,150 to $6,000 with an average monthly rent of $4,920.

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

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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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.