1492 14th St
Los OsosCA93402
Cheap Homes for Rent in Morro Bay, CA from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
1189 Santa Ynez Ave
Los OsosCA93402
2700 Hemlock Ave
Morro BayCA93442
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.
2405 Juniper Ave
Morro BayCA93442
2916 Alder Ave
Morro BayCA93442
5010 Palma Ave
AtascaderoCA93422
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.
Showing Results 1-6, Page 1 of 1
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 | $3,022 | $2,400 | $3,800 |
| Morro Bay 3 Bedroom Homes for Rent | $4,398 | $2,140 | $6,500 |
| Morro Bay 4 Bedroom Homes for Rent | $6,940 | $6,000 | $9,200 |
| Morro Bay 5 Bedroom Homes for Rent | $8,840 | $5,800 | $10,000+ |
| Morro Bay 6 Bedroom Homes for Rent | $7,500 | $7,500 | $7,500 |
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Morro Bay, CA Local Guide
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Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 05/22/2026Current 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 | $4,535 | $1,240 | 25 |
Cheapest Available Morro Bay Apartments for Rent
The cheapest available apartment rental in Morro Bay, CA is a 1 Bed unit found at Villa del Sol Senior Apts 55+ in the Harvest Glen neighborhood priced from $1,225. La Vista in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,786. 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 6 | 1BR,1BA | $1,225 |
| La Vista | Studio | Studio,1BA | $1,786 |
| Hancock Terrace | 1x1 Deco | 1BR,1BA | $1,899 |
Best Value Apartments for Rent in Morro Bay, CA
As of May 22, 2026 the best value apartment in the Morro Bay area is the $2.28 price per square foot The Adeline Model at Arrive Paso Robles in the in the The Summit neighborhood starting from $3,085. The second greatest value Morro Bay apartment is the The Chardonnay Model at Blue Oak starting at $2,790 with a $2.46 price per square foot . 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. |
|---|---|---|---|
| Arrive Paso Robles | The Adeline | 3BR,3BA | $2.28 |
| Blue Oak | The Chardonnay | 2BR,1.5BA | $2.46 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $2.12 |
| La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.36 |
| Bordeaux House Apartments | 22 | 2BR,2BA | $2.28 |
| Cassia Apartments | Two Bed Downstairs | 2BR,2BA | $2.63 |
| The Oaks at Jornada | Renovated, upstairs, lower deposit | 2BR,2BA | $2.74 |
| Dry Creek Apartments | 2x2 | 2BR,2BA | $2.65 |
| Hancock Terrace | 1x1 Deco | 1BR,1BA | $2.78 |
| Villa del Sol Senior Apts 55+ | Plan 6 | 1BR,1BA | $2.48 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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How much rent can you afford?
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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 87 Apartments for Rent in Morro Bay, CA with pricing that ranges from $1,030 to $6,900. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $1,100 to $12,500.
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 $1,100 to $12,500 with an average monthly rent of $5,087.
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 $2,395 to $6,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,140 to $6,500. Four Bedroom Single-Family rentals are also available starting from $6,000 and Four Bedroom Apartments start at $1,380.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.