2748 Atascadero Rd
Morro BayCA93442
Cheap Homes for Rent in Morro Bay, CA from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
815 Mirada Dr
San Luis ObispoCA93405
12655 Toro Creek Rd
AtascaderoCA93422
337 Las Vegas St
Morro BayCA93442
8865 Amapoa Ave
AtascaderoCA93422
3361 Ocean Blvd
CayucosCA93430
755 Pacific St
Morro BayCA93442
859 California Blvd
San Luis ObispoCA93401
515 Morro 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 | $3,131 | $2,200 | $5,995 |
| Morro Bay 3 Bedroom Homes for Rent | $4,531 | $3,000 | $6,500 |
| Morro Bay 4 Bedroom Homes for Rent | $5,500 | $4,500 | $6,900 |
| Morro Bay 5 Bedroom Homes for Rent | $6,783 | $4,950 | $9,500 |
Browse Top Homes for Rent 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: 09/18/2025Current 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 | $3,295 | $1,400 | 13 |
Cheapest Available Morro Bay Apartments for Rent
The cheapest available apartment rental in Morro Bay, CA is a 1 Bed unit found at Sierra Sands in the Harvest Glen neighborhood priced from $981. California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here is today’s list of the most affordable Morro Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sierra Sands | 1 Bedroom 1 Bath | 1BR,1BA | $981 |
| California Grand Manor Senior Apartments | Studio | Studio,1BA | $1,030 |
| Villa del Sol Senior Apts 55+ | Plan 9 | Studio,1BA | $1,350 |
Best Value Apartments for Rent in Morro Bay, CA
As of September 19, 2025 the best value apartment in the Morro Bay area is the $2.53 price per square foot The Chardonnay Model at Blue Oak in the starting from $2,871. The second greatest value Morro Bay apartment is the 3 Bedroom 2 Bath Model at Sierra Sands starting at $1,365 with a $1.27 price per square foot in the Harvest Glen 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. |
|---|---|---|---|
| Blue Oak | The Chardonnay | 2BR,1.5BA | $2.53 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Chorro at SLO | 4BR/2BA - Morro | 4BR,2BA | $1.29 |
| 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 | $1.95 |
| Hancock Terrace Apartments | Charleston | 2BR,1BA | $2.58 |
| The Oaks at Jornada | 2bdx2bth Normal, downstairs, gas ... | 2BR,2BA | $2.60 |
| Dry Creek | 22 | 2BR,2BA | $2.50 |
| California Grand Manor Senior Apartments | 1 bedroom | 1BR,1BA | $1.93 |
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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 $981 to $4,987. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $900 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 $900 to $9,500 with an average monthly rent of $4,434.
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 $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,000 to $6,500. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $4,987.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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.