
Cheap Apartments for Rent in the Old Monterey Business District Monterey, CA from $1,600 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Monterey Business District area of Monterey.


Pacific Vista

Footprints on the Bay
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.

614 - 644 Van Buren Street - Monterey
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.
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.
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.
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

How much does it cost to rent an apartment in Old Monterey Business District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Monterey Business District Studio Apartments | $2,200 | $1,775 | $2,625 |
| Old Monterey Business District 1 Bedroom Apartments | $2,604 | $2,145 | $2,819 |
| Old Monterey Business District 2 Bedroom Apartments | $3,333 | $2,500 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 2 mile radius of the Old Monterey Business District Neighborhood of Monterey, CA.
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Old Monterey Business District, Monterey, CA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 456 Spencer Street - Monterey | 1 Bedroom / 1 Bathroom | 1BR,1BA | $2,200 |
| 131 Lighthouse Avenue - Monterey | 131lr11a | 2BR,1BA | $2,351 |
| Monterey Pines Apartments | One Bedroom One Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 131 Lighthouse Avenue - Monterey | 131lr11a | 2BR,1BA | $2.22 |
| Monterey Pines Apartments | One Bedroom One Bath | 1BR,1BA | $4.03 |
| 456 Spencer Street - Monterey | 1 Bedroom / 1 Bathroom | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleQuick 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.
Pet Friendly LifestyleOld Monterey Business District, Monterey, CA
Ranked #5
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Old Monterey Business District, Monterey, CA
La Mesa Elementary
Monterey High
School data provided by Great Schools
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.













































