974 Chorro St
San Luis ObispoCA93401
Cheap Homes for Rent in Morro Bay, CA from $2,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
1090 Parkview Pl
San Luis ObispoCA93405
395 San Joaquin St
Morro BayCA93442
3361 Ocean Blvd
CayucosCA93430
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.
2785 Birch Ave
Morro BayCA93442
3158 Ocean Blvd
CayucosCA93430
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1246 14th St
Los OsosCA93402
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 a home in Morro Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morro Bay 2 Bedroom Homes for Rent | $3,444 | $2,350 | $5,995 |
| Morro Bay 3 Bedroom Homes for Rent | $4,354 | $3,400 | $6,500 |
| Morro Bay 4 Bedroom Homes for Rent | $5,825 | $4,600 | $6,900 |
| Morro Bay 5 Bedroom Homes for Rent | $7,700 | $5,900 | $9,500 |
Browse Top Homes for Rent in Morro Bay
Explore Morro Bay
Morro Bay, CA Local Guide
- Morro Bay Neighborhoods
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Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 06/18/2025Current 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 | $1,750 | 7 |
Cheapest Available Morro Bay Apartments for Rent
The cheapest available apartment rental in Morro Bay, CA is a 2 Beds unit found at Sierra Sands in the Harvest Glen neighborhood priced from $1,179. California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here is today’s list of the most affordable Morro Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sierra Sands | 2 Bedroom 1 Bath | 2BR,1BA | $1,179 |
| California Grand Manor Senior Apartments | 1 bedroom | 1BR,1BA | $1,325 |
| La Vista | Studio | Studio,1BA | $1,358 |
Best Value Apartments for Rent in Morro Bay, CA
As of June 18, 2025 the best value apartment in the Morro Bay area is the $2.98 price per square foot Two Bedroom Apartment Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $2,925. 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 | $2.98 |
| Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.62 |
| La Plaza Villas | 3/1 Flat | 3BR,1BA | $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 | 2BR/2.0BA | 2BR,2BA | $2.60 |
| Dry Creek | 21 | 2BR,1BA | $2.22 |
| California Grand Manor Senior Apartments | 1 bedroom | 1BR,1BA | $1.93 |
| Hancock Terrace Apartments | Deco | 1BR,1BA | $2.82 |
| Siena Apartments | Casita | 1BR,1BA | $2.99 |
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Frequently Asked Questions about Morro Bay
What type of rentals are currently available in Morro Bay?
There are currently 79 Apartments for Rent in Morro Bay, CA with pricing that ranges from $649 to $5,287. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $2,000 to $9,500.
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 $2,000 to $9,500 with an average monthly rent of $4,288.
How much are larger Three and Four Bedroom Rentals in Morro Bay?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Morro Bay range from $1,365 to $5,287, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,400 to $6,500. Four Bedroom Single-Family rentals are also available starting from $4,600 and Four Bedroom Apartments start at $1,660.
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.