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Cheap Apartments for Rent in Monterey, CA from $1,300 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Monterey.
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from $1,940Studio to 3 Bedroom Apartments Available Apr 4
Monterey Townhouse
825 Casanova AveMonterey, CA 93940
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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
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from $2,0161 to 3 Bedroom Apartments Available Mar 7
SeaBreeze Apartment Homes
1881 Baker StSeaside, CA 93955
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from $2,100Studio to 2 Bedroom Apartments Available Now
Pacific Grove - Senior Apartments
551 Gibson AvePacific Grove, CA 93950
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Showing Results 1-24, 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 | $2,038 | $1,395 | $2,600 |
| Cheap Monterey 1 Bedroom Apartments | $3,024 | $1,850 | $4,250 |
| Cheap Monterey 2 Bedroom Apartments | $3,901 | $2,400 | $8,557 |
| Cheap Monterey 3 Bedroom Apartments | $4,772 | $3,950 | $4,981 |
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: 02/26/2025Current apartment rentals in the Monterey, CA area range in price from $1,395 to $8,557 with an overall median price of $4,503. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,195, Monterey Vista at $1,850, and Old Town at $2,195. 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 | $2,995 | $2,195 | 24 |
| Monterey Vista | $3,950 | $1,850 | 201 |
| Old Town | $4,372 | $2,195 | 46 |
| Skyline Forest | $4,372 | $1,750 | 354 |
| New Monterey | $4,795 | $1,750 | 280 |
| Old Monterey Business District | $4,879 | $1,750 | 338 |
| Outer Monterey | $4,879 | $1,395 | 724 |
| Casanova Oak Knoll | $4,930 | $1,395 | 332 |
| Del Monte Grove Laguna Grande | $4,930 | $1,395 | 332 |
| Villa Del Monte | $4,930 | $1,395 | 376 |
Cheapest Available Monterey Apartments for Rent
The cheapest available apartment rental in Monterey, CA is a Studio unit found at 696casa in the Villa Del Monte neighborhood priced from $1,650. 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 |
|---|---|---|---|
| 696casa | 0BR/1.0BA | Studio,1BA | $1,650 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| Pacific Grove - Senior Apartments | Lakepark | Studio,1BA | $2,100 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio,1BA | $2,175 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $2,175 |
Best Value Apartments for Rent in Monterey, CA
As of February 26, 2025 the best value apartment in the Monterey area is the $2.71 price per square foot 230 Dunecrest Ave Model at 230 Dunecrest Ave, Unit 2 in the in the Villa Del Monte neighborhood starting from $3,250. 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. |
|---|---|---|---|
| 230 Dunecrest Ave, Unit 2 | 230 Dunecrest Ave | 2BR,2BA | $2.71 |
| 675 Jefferson Street - Monterey | 2 Bed / 1.5 Bath | 2BR,1.5BA | $2.86 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| Pacific Vista | 2X1 Townhouse Reno | 2BR,1BA | $3.68 |
| Pacific Pines | 2 Bedroom | 2BR,1BA | $4.19 |
| Footprints on the Bay | Seascape | 1BR,1BA | $3.96 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $3.69 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $3.39 |
| 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®
34 / 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 696casa listed at $1,650.
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 $2,575 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 and starts from $3,950.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.