250 Monroe St
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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from $788Studio to 2 Bedroom Apartments Available May 27
The Independent
600 Ortiz AveSand City, CA 93955
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $1,625Studio Apartment Available Now
1191 Birch Ave, Unit Studio behind the gate
1191 Birch AveSeaside, CA 93955
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Rent Specials
from $1,8501 to 2 Bedroom Apartments Contact Us For Availability
The Shangri La Apartments
2875 David AvePacific Grove, CA 93950
433 Hamilton Ave
SeasideCA93955
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-17, Page 1 of 1
Monterey, CA Local Guide
Sailboats in the Bay by Travis Wise is licensed under CC BY 2.0
How much does it cost to rent an apartment in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Monterey Studio Apartments | $2,181 | $788 | $3,025 |
| Cheap Monterey 1 Bedroom Apartments | $3,009 | $1,700 | $4,695 |
| Cheap Monterey 2 Bedroom Apartments | $3,891 | $2,395 | $8,189 |
| Cheap Monterey 3 Bedroom Apartments | $4,706 | $4,628 | $4,732 |
Browse Top Apartments in Monterey
See all Apartments in MontereyExplore Monterey
Monterey, CA Local Guide
Written By:
Justin HabersaatEditing Staff
- Monterey Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 05/18/2025Current apartment rentals in the Monterey, CA area range in price from $788 to $8,152 with an overall median price of $3,961. The three Monterey neighborhoods with the lowest median rent pricing are Old Town at $1,695, Old Monterey at $2,150, and New Monterey at $1,695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Monterey Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Old Town | $2,995 | $1,695 | 4 |
| Old Monterey | $3,025 | $2,150 | 5 |
| New Monterey | $3,300 | $1,695 | 32 |
| Skyline Forest | $3,300 | $1,695 | 41 |
| Monterey Vista | $3,337 | $1,700 | 26 |
| Casanova Oak Knoll | $4,732 | $788 | 75 |
| Del Monte Grove Laguna Grande | $4,732 | $788 | 76 |
| Old Monterey Business District | $4,732 | $788 | 99 |
| Outer Monterey | $4,732 | $788 | 129 |
| Villa Del Monte | $4,732 | $788 | 79 |
Cheapest Available Monterey Apartments for Rent
The cheapest available apartment rental in Monterey, CA is a 1 Bed unit found at 513-531 Belden St in the Villa Del Monte neighborhood priced from $1,700. 832haw in the Outer Monterey neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,875. Here is today’s list of the most affordable Monterey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 513-531 Belden St | 1 Bed 1 Bath | 1BR,1BA | $1,700 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio,1BA | $2,075 |
| Monterey Townhouse | 1x1 Reno | 1BR,1BA | $2,275 |
| Pacific Grove Senior Living | Studio - Lake Park | Studio,1BA | $2,400 |
Best Value Apartments for Rent in Monterey, CA
As of May 18, 2025 the best value apartment in the Monterey area is the $3.68 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Monterey Vista neighborhood starting from $4,231. The second greatest value Monterey apartment is the 255 Larkin St Model at 255 Larkin St, Unit No. 3 starting at $2,895 with a $2.90 price per square foot in the Villa Del Monte neighborhood. Here is today’s list of the best values for Monterey apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Seventeen Mile Drive Village Apartment Homes | Residence 1 Luxury | 2BR,2BA | $3.68 |
| 255 Larkin St, Unit No. 3 | 255 Larkin St | 2BR,1BA | $2.90 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| 464-472 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.07 |
| 262 Clay St, Unit 3 | 262 Clay St | 2BR,1BA | $3.56 |
| 107 18th St | 107 18th St | 1BR,1BA | $3.75 |
| 513-531 Belden St | 1 Bed 1 Bath | 1BR,1BA | $2.36 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $3.69 |
| Monterey Townhouse | 1x1 Reno | 1BR,1BA | $3.79 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Quick Rent Budget Calculator
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Monterey Overview
Located along the southern tier of the gorgeous Monterey Bay, this prime slice of central California real estate is an excellent option for those eager to discover all the west coast has to offer. A notable artist's community that appeals to a wide range of lifestyles, Monterey rentals have much to offer and are always in demand.
Why live in Monterey, CA?
Home to a wide assortment of cultural hotspots, sweeping oceanic beauty and plenty of charming west coast ambiance, apartments for rent in Monterey have broad appeal with good reason. Fishing is still almost omnipresent around the waterfront bay, and lively bands and quaint boutiques co-exist along the downtown scene. Add to that an enviable climate and some truly welcoming locals, and you have a California zip code well worth bragging over.
Best Local Schools in Monterey, CA
La Mesa Elementary
Monterey Peninsula Unified School District
Public School - Grades K-8 (564)
6 out of 10
Monterey High
Monterey Peninsula Unified School District
Public School - Grades 9-12 (1399)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Monterey, CA Rentals by Map
See the most popular apartments and homes in Monterey, CA
Monterey, CA Apartments MapMonterey, CA Rental Homes MapGetting Around Monterey, CA
Walk Score®
73 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
35 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Monterey Apartments
What is the Cheapest Studio apartment in Monterey?
Currently the most affordable Cheap Studio Apartment in Monterey is at Ocean View at Pacific Grove Apartments listed at $2,075.
How much is rent for a Cheap One Bedroom Monterey Apartment?
The lowest price for a Cheap One Bedroom Monterey Apartment is $1,700 at 513-531 Belden St.
What is the lowest price for a Cheap Two Bedroom Monterey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monterey is starting from $2,900 at 464-472 Ramona Avenue - Monterey.
What is the most affordable Monterey Three Bedroom Apartment?
The best deal on a cheap Monterey Three Bedroom Apartment rental is at Seagrove and starts from $4,628.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.