900 Lomita St
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $1,300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
541 Wave St
MontereyCA93940
872 Alice St
MontereyCA93940
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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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from $788Studio to 2 Bedroom Apartments Available May 27
The Independent
600 Ortiz AveSand City, CA 93955
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Rent Specials
from $1,8501 to 2 Bedroom Apartments Available Now
The Shangri La Apartments
2875 David AvePacific Grove, CA 93950
966 Amador Ave
SeasideCA93955
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Showing Results 1-19, 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 | $2,333 | $1,650 | $3,025 |
| Cheap Monterey 1 Bedroom Apartments | $3,145 | $1,745 | $4,695 |
| Cheap Monterey 2 Bedroom Apartments | $3,873 | $2,025 | $10,000+ |
| Cheap Monterey 3 Bedroom Apartments | $4,783 | $4,628 | $5,300 |
| Cheap Monterey 4 Bedroom Apartments | $3,995 | $3,995 | $3,995 |
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: 04/24/2025Current apartment rentals in the Monterey, CA area range in price from $1,450 to $11,912 with an overall median price of $4,138. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $1,650, Old Town at $2,195, and Monterey Vista at $1,650. 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 Monterey | $2,875 | $1,650 | 3 |
| Old Town | $2,945 | $2,195 | 3 |
| Monterey Vista | $3,300 | $1,650 | 25 |
| New Monterey | $3,300 | $1,745 | 28 |
| Casanova Oak Knoll | $4,732 | $2,025 | 69 |
| Del Monte Grove Laguna Grande | $4,732 | $2,025 | 69 |
| Old Monterey Business District | $4,732 | $1,650 | 89 |
| Outer Monterey | $4,732 | $1,450 | 118 |
| Villa Del Monte | $4,732 | $1,650 | 71 |
| Skyline Forest | $5,300 | $1,650 | 36 |
Cheapest Available Monterey Apartments for Rent
The cheapest available apartment rental in Monterey, CA is a 1 Bed unit found at 832haw in the Outer Monterey neighborhood priced from $1,875. Ocean View at Pacific Grove Apartments in the Outer Monterey neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,125. Here is today’s list of the most affordable Monterey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio,1BA | $2,125 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $2,400 |
| 431 Spencer Street - Monterey | 2 bedroom / 1 Bath | 2BR,1BA | $2,400 |
| Pacific Grove Senior Living | Studio - Lake Park | Studio,1BA | $2,400 |
Best Value Apartments for Rent in Monterey, CA
As of April 24, 2025 the best value apartment in the Monterey area is the $3.80 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Monterey Vista neighborhood starting from $4,367. The second greatest value Monterey apartment is the 2 Bed / 1.5 Bath Model at 675 Jefferson Street - Monterey starting at $2,925 with a $2.86 price per square foot in the Monterey Vista 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 | $3.80 |
| 675 Jefferson Street - Monterey | 2 Bed / 1.5 Bath | 2BR,1.5BA | $2.86 |
| 302 Ocean Ave, Unit 2 | 302 Ocean Ave | 2BR,1BA | $2.50 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| Monterey Townhouse | 2x1 Townhouse Reno | 2BR,1BA | $3.69 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $3.81 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| The Shangri La Apartments | 2 Bedroom Large Renovated | 2BR,1BA | $3.54 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $3.69 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
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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 $2,125.
How much is rent for a Cheap One Bedroom Monterey Apartment?
The lowest price for a Cheap One Bedroom Monterey Apartment is $1,875 at 832haw.
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 $2,400 at 431 Spencer Street - 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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.