6320 Santa Ynez Ave
AtascaderoCA93422
Cheap Homes for Rent in Morro Bay, CA from $1,600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
close
View Me
1090 Parkview Pl
San Luis ObispoCA93405
close
View Me
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.
2077 Ironwood Ave
Morro BayCA93442
3361 Ocean Blvd
CayucosCA93430
2170 Seaview Ave
Morro BayCA93442
859 California Blvd
San Luis ObispoCA93401
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.
Showing Results 1-8, 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 | $3,235 | $2,500 | $5,995 |
| Morro Bay 3 Bedroom Homes for Rent | $4,063 | $3,400 | $6,500 |
| Morro Bay 4 Bedroom Homes for Rent | $7,166 | $5,600 | $9,000 |
| Morro Bay 5 Bedroom Homes for Rent | $7,500 | $5,500 | $9,500 |
Browse Top Homes for Rent in Morro Bay
Explore 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: 08/03/2025Current 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 | $2,947 | $1,400 | 15 |
Cheapest Available Morro Bay Apartments for Rent
The cheapest available apartment rental in Morro Bay, CA is a Studio unit found at California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood priced from $1,030. La Vista in the Harvest Glen neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,432. Here is today’s list of the most affordable Morro Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| California Grand Manor Senior Apartments | Studio | Studio,1BA | $1,030 |
| La Vista | Studio | Studio,1BA | $1,432 |
| Cassia Apartments | One Bed B | 1BR,1BA | $1,863 |
Best Value Apartments for Rent in Morro Bay, CA
As of August 04, 2025 the best value apartment in the Morro Bay area is the $2.51 price per square foot 2BR/2.5BA Model at de Tolosa Ranch Apartments in the in the Laguna Lake neighborhood starting from $3,295. The second greatest value Morro Bay apartment is the The Grace Model at Arrive Paso Robles starting at $2,770 with a $2.56 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. |
|---|---|---|---|
| de Tolosa Ranch Apartments | 2BR/2.5BA | 2BR,2.5BA | $2.51 |
| Arrive Paso Robles | The Grace | 2BR,2BA | $2.56 |
| Emerald Ridge Apartments | 2BR/1.0BA | 2BR,1BA | $2.45 |
| 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 | $2.12 |
| Sierra Sands | 2 Bedroom 1 Bath | 2BR,1BA | $2.38 |
| Alder Creek Apartments | 2BR/1.0BA | 2BR,1BA | $2.64 |
| The Oaks at Jornada | 2bdx2bth Renovated, upstairs, electric | 2BR,2BA | $2.54 |
| California Grand Manor Senior Apartments | 1 bedroom | 1BR,1BA | $1.93 |
Quick Rent Budget Calculator
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.
Let everyone know!
Do you know the Morro Bay area?
If you’re an expert on all things Morro Bay, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Morro Bay
What type of rentals are currently available in Morro Bay?
There are currently 77 Apartments for Rent in Morro Bay, CA with pricing that ranges from $1,030 to $5,131. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $1,600 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 $1,600 to $9,500 with an average monthly rent of $4,356.
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 $5,035, 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 $5,600 and Four Bedroom Apartments start at $5,131.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.