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Cheap Apartments for Rent in Morro Bay, CA from $1,000 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in Morro Bay.
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from $1,350Studio to 1 Bedroom Apartments Available Now
Villa del Sol Senior Apts 55+
1311 W Battles RdSanta Maria, CA 93458
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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Rent Specials
from $1,360Studio to 3 Bedroom Apartments Available Now
La Vista
740 S Western AveSanta Maria, CA 93458
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Studio to 2 Bedroom Apartments
California Grand Manor Senior Apartments
10167 El Camino RealAtascadero, CA 93422
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.
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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 |
|---|---|---|---|
| Morro Bay Studio Apartments | $2,403 | $1,350 | $3,920 |
| Morro Bay 1 Bedroom Apartments | $2,365 | $1,550 | $3,586 |
| Morro Bay 2 Bedroom Apartments | $2,646 | $1,179 | $3,905 |
| Morro Bay 3 Bedroom Apartments | $2,947 | $1,365 | $5,287 |
| Morro Bay 4 Bedroom Apartments | $1,746 | $1,660 | $1,905 |
Browse Top Apartments in Morro Bay
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Morro Bay, CA Local Guide
- Morro Bay Neighborhoods
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Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 06/22/2025Current 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 | $3,150 | $1,400 | 8 |
Best Value Apartments for Rent in Morro Bay, CA and Nearby
As of June 22, 2025 the best value apartment in the Morro Bay area is the $2.85 price per square foot Two Bedroom Apartment Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $2,795. The second greatest value Morro Bay apartment is the 2 Bedroom with Laundry Model at Villa Del Rio starting at $2,550 with a $2.62 price per square foot in the The Summit 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. |
|---|---|---|---|
| ReNew Atascadero | Two Bedroom Apartment | 2BR,2BA | $2.85 |
| Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.62 |
| La Plaza Villas | 2/2 | 2BR,2BA | $2.52 |
| Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $2.13 |
| Sierra Sands | 1 Bedroom 1 Bath | 1BR,1BA | $1.74 |
| The Oaks at Jornada | 2bdx2bth, downstairs Renovated | 2BR,2BA | $2.60 |
| Dry Creek | 21 | 2BR,1BA | $2.22 |
| Blue Oak | The Cabernet | 1BR,1BA | $3.01 |
| Hancock Terrace Apartments | Deco | 1BR,1BA | $2.76 |
| Siena Apartments | Casita | 1BR,1BA | $3.05 |
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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 the Cheapest Studio apartment in Morro Bay?
Currently the most affordable Cheap Studio Apartment in Morro Bay is at La Vista listed at $1,360.
How much is rent for a Cheap One Bedroom Morro Bay Apartment?
The lowest price for a Cheap One Bedroom Morro Bay Apartment is $1,553 at La Vista.
What is the lowest price for a Cheap Two Bedroom Morro Bay Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Morro Bay is starting from $1,179 at Sierra Sands.
What is the most affordable Morro Bay Three Bedroom Apartment?
The best deal on a cheap Morro Bay Three Bedroom Apartment rental is at Sierra Sands and starts from $1,365.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.