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$1,5001 Bedroom Apartments Available Jan 1, 2026
702 Morro Bay Blvd
702 Morro Bay BlvdMorro Bay, CA 93442
Cheap Apartments for Rent in Morro Bay, CA from $900 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in Morro Bay.
218 Dunes St
Morro BayCA93442
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$1,030 - $2,097Studio to 2 Bedroom Apartments Contact Us For Availability
California Grand Manor Senior Apartments
10167 El Camino RealAtascadero, CA 93422
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.
1San Luis Obispo
San Luis ObispoCA93405
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$1,350 - $2,550Studio to 2 Bedroom Apartments Available Now
Villa del Sol Senior Apts 55+
1311 W Battles RdSanta Maria, CA 93458
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$1,497 - $2,507Studio to 3 Bedroom Apartments Available Now
La Vista
740 S Western AveSanta Maria, CA 93458
815 Mirada Dr
San Luis ObispoCA93405
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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Morro Bay, CA Local Guide
Beautiful field by Antti T. Nissinen is licensed under CC BY 2.0
How much does it cost to rent an apartment in Morro Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Morro Bay Studio Apartments | $1,677 | $1,030 | $2,725 |
| Cheap Morro Bay 1 Bedroom Apartments | $2,075 | $981 | $3,330 |
| Cheap Morro Bay 2 Bedroom Apartments | $2,525 | $1,237 | $3,825 |
| Cheap Morro Bay 3 Bedroom Apartments | $3,029 | $2,250 | $3,673 |
| Cheap Morro Bay 4 Bedroom Apartments | $4,497 | $4,497 | $4,497 |
Browse Top Apartments in Morro Bay
See all Apartments in Morro BayExplore Morro Bay
Morro Bay, CA Local Guide
- Morro Bay Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 12/15/2025Current apartment rentals in the Morro Bay, CA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Morro Bay Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Morro Bay Cayucos Cambria | $3,175 | $1,200 | 20 |
Cheapest Available Morro Bay Apartments for Rent
The cheapest available apartment rental in Morro Bay, CA is a 1 Bed unit found at Sierra Sands in the Harvest Glen neighborhood priced from $981. Villa del Sol Senior Apts 55+ in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here is today’s list of the most affordable Morro Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sierra Sands | 1 Bedroom 1 Bath | 1BR,1BA | $981 |
| Villa del Sol Senior Apts 55+ | Plan 9 | Studio,1BA | $1,350 |
| La Vista | Studio | Studio,1BA | $1,429 |
Best Value Apartments for Rent in Morro Bay, CA
As of December 15, 2025 the best value apartment in the Morro Bay area is the $2.53 price per square foot 2BR/1.5BA Model at Emerald Ridge Apartments in the in the Morro Bay Cayucos Cambria neighborhood starting from $2,995. The second greatest value Morro Bay apartment is the 3 Bedroom 2 Bath Model at Sierra Sands starting at $2,283 with a $2.12 price per square foot in the Harvest Glen neighborhood. Here is today’s list of the best values for Morro Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Emerald Ridge Apartments | 2BR/1.5BA | 2BR,1.5BA | $2.53 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $2.12 |
| ReNew Atascadero | Two Bedroom Apartment | 2BR,2BA | $2.67 |
| Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $2.11 |
| Alder Creek Apartments | 2BR/1.0BA | 2BR,1BA | $2.61 |
| Dry Creek | 22 | 2BR,2BA | $2.30 |
| Ramona Gardens | Available 2 Bedroom | 2BR,2BA | $2.78 |
| Arrive Paso Robles | The Isabella | 1BR,1BA | $2.92 |
| Irish Hills Hamlet Apartments | 1BR/1.0BA | 1BR,1BA | $2.73 |
| Hancock Terrace Apartments | Deco | 1BR,1BA | $2.84 |
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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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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See the most popular apartments and homes in Morro Bay, CA
Getting Around Morro Bay, CA
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Morro Bay Apartments
What is a cheap apartment in Morro Bay?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Morro Bay is under $2,010.
What is the price of a cheap apartment in Morro Bay?
The cheapest apartment in Morro Bay is Sierra Sands which is listed at $981, while the average apartment in Morro Bay costs $3,175.
What types of apartments are the cheapest in Morro Bay?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Morro Bay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Morro Bay?
Cheap apartments in Morro Bay have an average cost of $281 which is $2,894 cheaper than the average rent for all rentals in Morro Bay.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.