Cheap Apartments for Rent in the Old Monterey Business District Monterey, CA from $1,600 (17 Rentals)

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

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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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
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Bldg A
1 to 2 Bedroom Apartments

Bldg A

230 Lighthouse AveMonterey, CA 93940

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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Mar Vista Drive
Studio to 2 Bedroom Apartments

Mar Vista Drive

66-98 Mar Vista DrMonterey, CA 93940
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501-555 Ocean Ave
1 Bedroom Apartments

501-555 Ocean Ave

501-555 Ocean AveMonterey, CA 93940
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422 Alvarado St
1 to 2 Bedroom Apartments

422 Alvarado St

422 Alvarado StMonterey, CA 93940
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CM237L
1 Bedroom Apartments

CM237L

237 LIGHTHOUSEMonterey, 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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Showing Results 1-17, Page 1 of 1

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 Monterey Pines Apartments priced from $2,400. 812 Park Avenue - Monterey has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,600. Here are the most affordable Old Monterey Business District apartments for rent in Monterey, CA:

Apartment ListingModel NameBed/BathPriced From
Monterey Pines ApartmentsOne Bedroom One Bath1BR,1BA$2,400
812 Park Avenue - Monterey2 Bedroom / 1 Bathroom2BR,1BA$2,600
131 Lighthouse Avenue - Monterey131Lr09b2BR,1BA$2,600
Pacific Vista2X1 Townhouse Reno2BR,1BA$3,351
Footprints on the BaySeabreeze2BR,1BA$3,750

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

As of April 25, 2026 the best value apartment in the Old Monterey Business District 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 Old Monterey Business District apartment is the Seabreeze Model at Footprints on the Bay starting at $3,750 with a $4.27 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 - Monterey131L092BR,1BA$2.76
Footprints on the BaySeabreeze2BR,1BA$4.27
Monterey Pines ApartmentsTwo Bedroom One Bath2BR,1BA$3.82
Pacific Vista2X1 Townhouse Reno2BR,1BA$3.94
Coastal Senior Residences at The Park LaneThe Seabreeze - One Bedroom1BR,1BA$7.01
812 Park Avenue - Monterey2 Bedroom / 1 Bathroom2BR,1BA$3.71

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Best Local Schools in
Old Monterey Business District, Monterey, CA

School data provided by Great Schools

Frequently Asked Questions about Cheap Old Monterey Business District Apartments

How much is rent for a Cheap One Bedroom Old Monterey Business District Apartment?

The lowest price for a Cheap One Bedroom Old Monterey Business District Apartment is $2,400 at Monterey Pines 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 $2,600 at 812 Park Avenue - Monterey.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.