1San CA-1
San Luis ObispoCA93401
Cheap Homes for Rent in Morro Bay, CA from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
2005 10th St, Unit C
2005 10th St
Los OsosCA93402
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.
1181 Santa Ynez Ave
Los OsosCA93402
1330 8th St
San Luis ObispoCA93402
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.
2700 Hemlock Ave
Morro BayCA93442
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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 a home in Morro Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morro Bay 2 Bedroom Homes for Rent | $2,716 | $2,400 | $3,650 |
| Morro Bay 3 Bedroom Homes for Rent | $5,362 | $4,300 | $7,200 |
| Morro Bay 4 Bedroom Homes for Rent | $6,355 | $3,500 | $7,800 |
| Morro Bay 5 Bedroom Homes for Rent | $7,800 | $5,500 | $10,000+ |
| Morro Bay 6 Bedroom Homes for Rent | $9,750 | $9,500 | $10,000+ |
Browse Top Homes for Rent in Morro Bay
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Morro Bay, CA Local Guide
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Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 02/14/2026Current 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 | $5,200 | $1,845 | 13 |
Cheapest Available Morro Bay Apartments for Rent and Nearby
The cheapest available apartment rental in Morro Bay, CA is a Studio unit found at Villa del Sol Senior Apts 55+ in the Harvest Glen neighborhood priced from $1,350. La Vista in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,436. Here is today’s list of the most affordable Morro Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa del Sol Senior Apts 55+ | Plan 9 | Studio,1BA | $1,350 |
| La Vista | Studio | Studio,1BA | $1,436 |
| Sierra Sands | 1 Bedroom 1 Bath | 1BR,1BA | $1,820 |
Best Value Apartments for Rent in Morro Bay, CA and Nearby
As of February 14, 2026 the best value apartment in the Morro Bay area is the $2.47 price per square foot 3/2 Flat Model at La Plaza Villas in the in the Arroyo Grande Nipomo neighborhood starting from $2,595. The second greatest value Morro Bay apartment is the 2BR/1.0BA Model at Emerald Ridge Apartments starting at $2,825 with a $2.88 price per square foot in the Morro Bay Cayucos Cambria 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. |
|---|---|---|---|
| La Plaza Villas | 3/2 Flat | 3BR,2BA | $2.47 |
| Emerald Ridge Apartments | 2BR/1.0BA | 2BR,1BA | $2.88 |
| Bordeaux House Apartments | 22 | 2BR,2BA | $2.39 |
| Sierra Sands | 2 Bedroom 1 Bath | 2BR,1BA | $2.37 |
| The Oaks at Jornada | 2bdx2bth Renovated, upstairs, gas | 2BR,2BA | $2.74 |
| Dry Creek Apartments | 2x1 | 2BR,1BA | $2.50 |
| 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 | $2.87 |
| Hancock Terrace Apartments | Mural | 1BR,1BA | $2.75 |
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 Article
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Explore Morro Bay, CA Rentals by Map
See the most popular apartments and homes in Morro Bay, CA
Frequently Asked Questions about Morro Bay
What type of rentals are currently available in Morro Bay?
There are currently 76 Apartments for Rent in Morro Bay, CA with pricing that ranges from $1,030 to $8,900. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $1,250 to $21,000.
What is the current price range for Rental Homes in Morro Bay?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Morro Bay ranges from $1,250 to $21,000 with an average monthly rent of $7,093.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.