
Cheap Apartments for Rent in the Old Monterey Business District Monterey, CA from $1,600 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Monterey Business District area of Monterey.


Total Monthly Price
Pacific Vista

Footprints on the Bay

Total Monthly Price
562 Van Buren St, Unit A

Bldg A

640 Park Avenue - Monterey

150 Hawthorne St

201 Cannery Row

431 Spencer Street - Monterey

X456S - OLD
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.

1000 Sixth Street - Monterey

Golden Oaks Condominiums

1250 - 1260 Second Street - Monterey

1043 5th St

543 Monroe St

457 Spencer St

1281 - 1299 8th Street

1193 9th St

1045-1047 Cass St

1250-1252 5th St
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.

478 Tyler St

661 Larkin St

1178 8th St

77 Porta Vista Dr

456-470 Oak St

1113 4th St

298 Sloat Ave

1170-1172 2nd St

1043-1053 3rd St

186 Sargent Ct
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

263 Monroe

1220-1230 2nd St

469 Larkin St

227 Watson St

1298 7th St

1100 2nd St

832-850 W Franklin St

Merrill Gardens at Monterey

x1105M - OLD

1280 Del Monte Avenue - 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.

675 Jefferson Street - Monterey

Presidio Apartments

Sloat Apartments

422 Alvarado St

Mar Vista Drive

227 Watson Street - Monterey

614 - 644 Van Buren Street - Monterey

Portola Vista

Palo Verde Apartments

Van Buren Senior Housing
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.
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 | $2,328 | $2,050 | $2,640 |
| Old Monterey Business District 1 Bedroom Apartments | $3,172 | $2,050 | $5,695 |
| Old Monterey Business District 2 Bedroom Apartments | $4,207 | $3,050 | $6,070 |
| Old Monterey Business District 3 Bedroom Apartments | $2,500 | $2,500 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 53 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 1281 - 1299 8th Street priced from $2,100. 333lar has the second lowest priced unit, which is a Studio apartment currently listed from $2,150. Here are the most affordable Old Monterey Business District apartments for rent in Monterey, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1281 - 1299 8th Street | 1BR/1.0BA | 1BR,1BA | $2,100 |
| 333lar | 0BR/1.0BA | Studio,1BA | $2,150 |
| Monterey Pines Apartments | One Bedroom One Bath | 1BR,1BA | $2,400 |
| Pacific Vista | 1X1 Renovated | 1BR,1BA | $2,431 |
| 599fran | 2BR/2.0BA | 2BR,2BA | $2,550 |
| Footprints on the Bay | Wave Retreat | 1BR,1BA | $2,900 |
| 399 Dickman Ave | 2 Beds, 1.5 baths | 2BR,1BA | $3,050 |
| Coastal Senior Residences at The Park Lane | The Seabreeze - One Bedroom | 1BR,1BA | $5,395 |
Best Value Apartments for Rent in Old Monterey Business District, CA
As of September 09, 2026 the best value apartment in the Old Monterey Business District area is the $3.93 price per square foot Two Bedroom One Bath Model at Monterey Pines Apartments in the in the Villa Del Monte neighborhood starting from $3,398. The second greatest value Old Monterey Business District apartment is the The Seabreeze - One Bedroom Model at Coastal Senior Residences at The Park Lane starting at $5,395 with a $7.01 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. |
|---|---|---|---|
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.93 |
| Coastal Senior Residences at The Park Lane | The Seabreeze - One Bedroom | 1BR,1BA | $7.01 |
| 562 Van Buren St, Unit A | 562 Van Buren St | 3BR,1.5BA | $3.45 |
| 599fran | 2BR/2.0BA | 2BR,2BA | $3.52 |
| Footprints on the Bay | Wave Retreat | 1BR,1BA | $4.38 |
| 1281 - 1299 8th Street | 1BR/1.0BA | 1BR,1BA | $4.06 |
| 333lar | 0BR/1.0BA | Studio ,1BA | $4.39 |
| Pacific Vista | 1X1 Renovated | 1BR,1BA | $5.40 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Best Local Schools in Old Monterey Business District, Monterey, CA
La Mesa Elementary School
Monterey High School
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 $2,100 at 1281 - 1299 8th Street.
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 $2,550 at 599fran.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.

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.