
Cheap Apartments for Rent in the Morro Bay Cayucos Cambria Neighborhood of Morro Bay, CA from $1,100 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Morro Bay Cayucos Cambria area of Morro Bay.


1105 Morro Ave

Villa Paseo Palms

515 Arleen St

525 Arleen St

2206 Spring St
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.

434 11th St

825 34th St

240 Spring Street

345 Vine St

Laguna Terrace Apartments

Alturas Paso Robles Apartment Homes
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.

605 14th St

1055 Tishlini Ln, Unit 3

Rolling Hills Apartments I & II

Serenity Hills

990 Niderer Rd

Clifton Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Morro Bay Cayucos Cambria, Morro Bay, CA Local Guide
How much does it cost to rent an apartment in Morro Bay Cayucos Cambria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morro Bay Cayucos Cambria Studio Apartments | $1,323 | $1,250 | $1,396 |
| Morro Bay Cayucos Cambria 1 Bedroom Apartments | $1,874 | $1,400 | $2,450 |
| Morro Bay Cayucos Cambria 2 Bedroom Apartments | $2,566 | $1,729 | $6,992 |
| Morro Bay Cayucos Cambria 3 Bedroom Apartments | $5,550 | $4,200 | $6,900 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Morro Bay Cayucos Cambria Neighborhood of Morro Bay, CA.
See all Apartments in Morro BayExplore Morro Bay
Morro Bay Cayucos Cambria, Morro Bay, CA Local Guide
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Cheapest Available Morro Bay Cayucos Cambria Apartments for Rent
 The cheapest available apartment rental in the Morro Bay Cayucos Cambria area of Morro Bay, CA is a Studio unit found at Villa Paseo Palms priced from $1,396. Laguna Terrace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,950. Here are the most affordable Morro Bay Cayucos Cambria apartments for rent in Morro Bay, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Paseo Palms | Studio | Studio,1BA | $1,396 |
| Laguna Terrace Apartments | Two/One | 2BR,1BA | $1,950 |
| Alturas Paso Robles Apartment Homes | 1/1A | 1BR,1BA | $1,995 |
| 240 Spring Street | Downtown Paso Robles 2 Bedroom 1 Bathroom with ... | 2BR,1BA | $2,050 |
| Emerald Ridge Apartments | 2BR/1.5BA | 2BR,1BA | $3,050 |
Best Value Apartments for Rent in Morro Bay Cayucos Cambria, CA
As of July 06, 2026 the best value apartment in the Morro Bay Cayucos Cambria area is the $2.68 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 Cayucos Cambria apartment is the Two/One Model at Laguna Terrace Apartments starting at $1,950 with a $2.27 price per square foot in the Paso Robles neighborhood. Here is today’s list of the best values for Morro Bay Cayucos Cambria 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 | $2.68 |
| Laguna Terrace Apartments | Two/One | 2BR,1BA | $2.27 |
| 405 7th St, Unit 405 7th St. | 405 7th St | 2BR,1BA | $2.59 |
| 240 Spring Street | Downtown Paso Robles 2 Bedroom 1 Bathroom with ... | 2BR,1BA | $2.73 |
| Alturas Paso Robles Apartment Homes | 1/1A | 1BR,1BA | $3.01 |
| Villa Paseo Palms | Studio | Studio ,1BA | $3.10 |
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 ArticleReal 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 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.
Best Local Schools in Morro Bay Cayucos Cambria, Morro Bay, CA
School data provided by Great Schools
Frequently Asked Questions about Cheap Morro Bay Cayucos Cambria Apartments
What is the price of a cheap apartment in Morro Bay Cayucos Cambria?
The cheapest apartment in Morro Bay Cayucos Cambria is Villa Paseo Palms which is listed at $1,482, while the average apartment in Morro Bay Cayucos Cambria costs $5,550.
What types of apartments are the cheapest in Morro Bay Cayucos Cambria?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Morro Bay Cayucos Cambria that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.