1492 14th St
Los OsosCA93402
Cheap Homes for Rent in Morro Bay, CA from $1,100 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
680 Chorro St
San Luis ObispoCA93401
1051 1/2 Buchon St
San Luis ObispoCA93401
1203 Pismo St
San Luis ObispoCA93401
2107 Sunset Ave
Morro BayCA93442
1812 Garden St
San Luis ObispoCA93401
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1453 Lizzie St
San Luis ObispoCA93401
2220 Exposition Dr
San Luis ObispoCA93401
1635 18th St
Los OsosCA93402
570 Peach St
San Luis ObispoCA93401
1824 Nipomo St
San Luis ObispoCA93401
2005 10th St, Unit A
2005 10th St
Los OsosCA93402
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
265 Bridge St
San Luis ObispoCA93401
Showing Results 1-13, 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 | $2,896 | $1,250 | $3,650 |
| Morro Bay 3 Bedroom Homes for Rent | $3,940 | $3,000 | $6,500 |
| Morro Bay 4 Bedroom Homes for Rent | $5,507 | $3,850 | $7,200 |
| Morro Bay 5 Bedroom Homes for Rent | $5,812 | $3,950 | $10,000+ |
| Morro Bay 6 Bedroom Homes for Rent | $10,300 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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: 08/21/2026Current apartment rentals in the Morro Bay, CA area range in price from $1,975 to $6,500 with an overall median price of $3,150. 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 | $1,975 | 9 |
Cheapest Available Morro Bay Apartments for Rent and Nearby
The cheapest available apartment rental in Morro Bay, CA is a 1 Bed unit found at Villa del Sol Senior Apts 55+ in the Santa Maria neighborhood priced from $1,250. La Vista in the Santa Maria neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,677. 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 | $1,250 |
| La Vista | Studio | Studio,1BA | $1,677 |
| Hancock Terrace | 0x1 Speak | Studio,1BA | $1,699 |
| Peach Street | Spacious 1 Bed 1 Bath Apartment in San Luis Obi... | 1BR,1BA | $1,850 |
| Cassia Apartments | One Bed B | 1BR,1BA | $1,852 |
Best Value Apartments for Rent in Morro Bay, CA and Nearby
As of August 21, 2026 the best value apartment in the Morro Bay area is the $2.57 price per square foot 2BR/1.5BA Model at Emerald Ridge Apartments in the in the Morro Bay Cayucos Cambria neighborhood starting from $3,050. The second greatest value Morro Bay apartment is the 4BR/2BA - Foothill Model at Palomar at SLO starting at $1,695 with a $1.47 price per square foot in the San Luis Obispo 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. |
|---|---|---|---|
| Emerald Ridge Apartments | 2BR/1.5BA | 2BR,1.5BA | $2.57 |
| Palomar at SLO | 4BR/2BA - Foothill | 4BR,2BA | $1.47 |
| Arrive Paso Robles | The Grace | 2BR,2BA | $2.51 |
| Blue Oak | The Pinot Gris | 2BR,2BA | $2.69 |
| Chorro at SLO | 4BR/2BA - Morro | 4BR,2BA | $1.58 |
| Villa Del Rio | 2 Bedroom 2 Bath | 2BR,2BA | $2.97 |
| La Plaza Villas | 2/2 Flat | 2BR,2BA | $2.52 |
| Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.82 |
| Dry Creek Apartments | 2x1 | 2BR,1BA | $2.50 |
| Alturas Paso Robles Apartment Homes | 1/1A | 1BR,1BA | $3.01 |
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.
Read Article
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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 83 Apartments for Rent in Morro Bay, CA with pricing that ranges from $1,030 to $8,500. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $1,100 to $10,300.
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 $10,300 with an average monthly rent of $4,347.
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 $2,295 to $8,500, 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 $3,850 and Four Bedroom Apartments start at $1,490.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.