Cheap Apartments for Rent in the Old Monterey Business District Monterey, CA from $1,600 (54 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Monterey Business District area of Monterey.

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Presidio Apartments
1 to 2 Bedroom Apartments

Presidio Apartments

1100 McClellan AveMonterey, CA 93940
  • Utilities Included
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Sloat Apartments
1 to 2 Bedroom Apartments

Sloat Apartments

650 Sloat AveMonterey, CA 93940
  • Utilities Included

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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Bldg A
1 to 2 Bedroom Apartments

Bldg A

230 Lighthouse AveMonterey, CA 93940
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Mar Vista Drive
Studio to 2 Bedroom Apartments

Mar Vista Drive

66-98 Mar Vista DrMonterey, CA 93940
  • Utilities Included
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422 Alvarado St
1 to 2 Bedroom Apartments

422 Alvarado St

422 Alvarado StMonterey, CA 93940
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150 Hawthorne St
1 to 2 Bedroom Apartments

150 Hawthorne St

150 Hawthorne StMonterey, CA 93940
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543 Monroe St
2 Bedroom Apartments

543 Monroe St

543 Monroe StMonterey, CA 93940

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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457 Spencer St
1 to 3 Bedroom Apartments

457 Spencer St

457 Spencer StMonterey, CA 93940
  • Smoke Free
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1043 5th St
Studio to 2 Bedroom Apartments

1043 5th St

1043 5th StMonterey, CA 93940
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201 Cannery Row
2 Bedroom Apartments

201 Cannery Row

201 Cannery RowMonterey, CA 93940
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1281-1299 8th St
Studio Apartments

1281-1299 8th St

1281-1299 8th StMonterey, CA 93940
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1193 9th St
Studio Apartments

1193 9th St

1193 9th StMonterey, CA 93940
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1045-1047 Cass St
2 Bedroom Apartments

1045-1047 Cass St

1045-1047 Cass StMonterey, CA 93940
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Palo Verde Apartments
1 Bedroom Apartments

Palo Verde Apartments

45 Monte Vista DrMonterey, CA 93940
  • Utilities Included
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467 Alvarado
Studio Apartments

467 Alvarado

459 Alvarado StMonterey, 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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1250-1252 5th St
2 Bedroom Apartments

1250-1252 5th St

1250-1252 5th StMonterey, CA 93940
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661 Larkin St
1 Bedroom Apartments

661 Larkin St

661 Larkin StMonterey, CA 93940
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1178 8th St
Studio Apartments

1178 8th St

1178 8th StMonterey, CA 93940
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77 Porta Vista Dr
1 Bedroom Apartments

77 Porta Vista Dr

77 Porta Vista DrMonterey, CA 93940
  • Utilities Included
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Portola Vista
1 Bedroom Apartments

Portola Vista

20 Del Monte AveMonterey, CA 93940
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1170-1172 2nd St
Studio Apartments

1170-1172 2nd St

1170-1172 2nd StMonterey, CA 93940
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1043-1053 3rd St
Studio Apartments

1043-1053 3rd St

1043-1053 3rd StMonterey, CA 93940
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456-470 Oak St
2 Bedroom Apartments

456-470 Oak St

456-470 Oak StMonterey, CA 93940
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1113 4th St
Studio Apartments

1113 4th St

1113 4th StMonterey, CA 93940
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298 Sloat Ave
Studio Apartments

298 Sloat Ave

298 Sloat AveMonterey, CA 93940

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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263 Monroe
Studio Apartments

263 Monroe

263 MonroeMonterey, CA 93940
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186 Sargent Ct
Studio Apartments

186 Sargent Ct

186 Sargent CtMonterey, CA 93940
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1043-1045 8th St
Studio Apartments

1043-1045 8th St

1043-1045 8th StMonterey, CA 93940
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560 Scott St
Studio Apartments

560 Scott St

560 Scott StMonterey, CA 93940
  • Utilities Included
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Park Plaza Apartments
1 to 2 Bedroom Apartments

Park Plaza Apartments

1129 1st StMonterey, CA 93940
  • Utilities Included
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1220-1230 2nd St
Studio Apartments

1220-1230 2nd St

1220-1230 2nd StMonterey, CA 93940
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469 Larkin St
Studio Apartments

469 Larkin St

469 Larkin StMonterey, CA 93940
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227 Watson St
Studio Apartments

227 Watson St

227 Watson StMonterey, CA 93940
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1298 7th St
1 to 2 Bedroom Apartments

1298 7th St

1298 7th StMonterey, CA 93940

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Old Monterey Business District, Monterey, CA Local Guide

Cheapest Available Old Monterey Business District Apartments for Rent

 

The cheapest available apartment rental in the Old Monterey Business District area of Monterey, CA is a 1 Bed unit found at 456 Spencer Street - Monterey priced from $2,200. 131 Lighthouse Avenue - Monterey has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,351. Here are the most affordable Old Monterey Business District apartments for rent in Monterey, CA:

Apartment ListingModel NameBed/BathPriced From
456 Spencer Street - Monterey1 Bedroom / 1 Bathroom1BR,1BA$2,200
131 Lighthouse Avenue - Monterey131lr11a2BR,1BA$2,351
Monterey Pines ApartmentsOne Bedroom One Bath1BR,1BA$2,780

Best Value Apartments for Rent in Old Monterey Business District, CA

As of November 03, 2025 the best value apartment in the Old Monterey Business District area is the $2.22 price per square foot 131lr11a Model at 131 Lighthouse Avenue - Monterey in the in the Villa Del Monte neighborhood starting from $2,351. The second greatest value Old Monterey Business District apartment is the One Bedroom One Bath Model at Monterey Pines Apartments starting at $2,780 with a $4.03 price per square foot in the Villa Del Monte neighborhood. Here is today’s list of the best values for Old Monterey Business District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
131 Lighthouse Avenue - Monterey131lr11a2BR,1BA$2.22
Monterey Pines ApartmentsOne Bedroom One Bath1BR,1BA$4.03
456 Spencer Street - Monterey1 Bedroom / 1 Bathroom1BR,1BA$3.38

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Old Monterey Business District, Monterey, CA

Ranked #5

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Old Monterey Business District Apartments

What is the lowest price for a Cheap Two Bedroom Old Monterey Business District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Monterey Business District is starting from $2,351 at 131 Lighthouse Avenue - Monterey.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.