1San Luis Obispo
San Luis ObispoCA93405
Cheap Homes for Rent in Morro Bay, CA from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
815 Mirada Dr
San Luis ObispoCA93405
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.
337 Las Vegas St
Morro BayCA93442
859 California Blvd
San Luis ObispoCA93401
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.
Showing Results 1-4, 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 | $3,126 | $2,195 | $6,500 |
| Morro Bay 3 Bedroom Homes for Rent | $4,967 | $2,800 | $7,000 |
| Morro Bay 4 Bedroom Homes for Rent | $6,560 | $5,000 | $7,400 |
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: 11/13/2025Current 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 | $5,725 | $1,875 | 18 |
Best Value Apartments for Rent in Morro Bay, CA
As of November 13, 2025 the best value apartment in the Morro Bay area is the $2.39 price per square foot The Chardonnay Model at Blue Oak in the starting from $2,716. The second greatest value Morro Bay apartment is the 3 Bedroom 2 Bath Model at Sierra Sands starting at $2,283 with a $2.12 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 | $2.39 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $2.12 |
| ReNew Atascadero | Two Bedroom Apartment | 2BR,2BA | $2.67 |
| La Plaza Villas | 2/2 Flat | 2BR,2BA | $2.23 |
| Alder Creek Apartments | 2BR/1.0BA | 2BR,1BA | $2.61 |
| The Oaks at Jornada | 2bdx2bth Renovated, upstairs, electric | 2BR,2BA | $2.54 |
| Bordeaux House Apartments | Two Bedroom One Bath | 2BR,1BA | $2.35 |
| Dry Creek | 21 | 2BR,1BA | $2.38 |
| Arrive Paso Robles | The Isabella | 1BR,1BA | $2.92 |
| Hancock Terrace Apartments | Deco | 1BR,1BA | $2.90 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleThe 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 ArticleQuick 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
Remember the 3 Rules of Real Estate:Location, Location, Location!
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 78 Apartments for Rent in Morro Bay, CA with pricing that ranges from $1,030 to $4,490. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $1,350 to $7,400.
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 $1,350 to $7,400 with an average monthly rent of $3,842.
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 $2,250 to $3,479, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,800 to $7,000. Four Bedroom Single-Family rentals are also available starting from $5,000 and Four Bedroom Apartments start at $4,490.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
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.