
Cheap Apartments for Rent in the 93940 ZIP Code of Monterey, CA from $300 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the 93940 ZIP Code area of Monterey.


Villa Ramona Apartments
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.

City Center Plaza

517 Fountain Avenue - Pacific Grove
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.
Monterey, CA Local Guide

How much does it cost to rent an apartment in 93940?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 93940 Studio Apartments | $2,233 | $2,020 | $2,640 |
| 93940 1 Bedroom Apartments | $2,784 | $1,500 | $5,695 |
| 93940 2 Bedroom Apartments | $3,377 | $2,400 | $6,070 |
| 93940 3 Bedroom Apartments | $4,165 | $3,600 | $4,730 |
Browse Apartments in the 93940 Zip Code of Monterey
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Frequently Asked Questions about Cheap the 93940 ZIP Code Apartments
What is the Cheapest Studio apartment in 93940?
Currently the most affordable Cheap Studio Apartment in 93940 is at University Oaks listed at $820.
How much is rent for a Cheap One Bedroom 93940 Apartment?
The lowest price for a Cheap One Bedroom 93940 Apartment is $860 at University Oaks.
What is the lowest price for a Cheap Two Bedroom 93940 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 93940 is starting from $960 at University Oaks.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.