900 Lomita St
MontereyCA93940
Cheap Apartments for Rent in Monterey, CA from $700 (17 Rentals)
Cheap Apartments in Monterey.
541 Wave St
MontereyCA93940
872 Alice St
MontereyCA93940
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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 $788Studio to 2 Bedroom Apartments Available May 27
The Independent
600 Ortiz AveSand City, CA 93955
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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
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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 | $2,158 | $788 | $3,025 |
| Cheap Monterey 1 Bedroom Apartments | $3,166 | $1,745 | $4,695 |
| Cheap Monterey 2 Bedroom Apartments | $3,836 | $2,395 | $8,252 |
| Cheap Monterey 3 Bedroom Apartments | $4,697 | $4,628 | $4,732 |
| 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: 05/04/2025Current apartment rentals in the Monterey, CA area range in price from $788 to $8,269 with an overall median price of $3,931. 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 | 4 |
| Old Town | $2,875 | $2,195 | 4 |
| Monterey Vista | $3,300 | $1,650 | 24 |
| New Monterey | $3,300 | $1,745 | 31 |
| Skyline Forest | $3,300 | $1,650 | 37 |
| Casanova Oak Knoll | $4,732 | $788 | 83 |
| Del Monte Grove Laguna Grande | $4,732 | $788 | 83 |
| Old Monterey Business District | $4,732 | $788 | 107 |
| Outer Monterey | $4,732 | $788 | 132 |
| Villa Del Monte | $4,732 | $788 | 86 |
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. SeaBreeze Apartment Homes in the Villa Del Monte neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,350. 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 |
| SeaBreeze Apartment Homes | A1JR | 1BR,1BA | $2,350 |
| 431 Spencer Street - Monterey | 2 bedroom / 1 Bath | 2BR,1BA | $2,400 |
| Pacific Grove Senior Living | Studio - Lake Park | Studio,1BA | $2,400 |
| 464-472 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3,000 |
Best Value Apartments for Rent in Monterey, CA
As of May 04, 2025 the best value apartment in the Monterey area is the $3.75 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Monterey Vista neighborhood starting from $4,315. The second greatest value Monterey apartment is the 2 + 2 -1025sqftV Model at Ocean View at Pacific Grove Apartments starting at $3,050 with a $2.98 price per square foot in the Outer Monterey 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 | $3.75 |
| Ocean View at Pacific Grove Apartments | 2 + 2 -1025sqftV | 2BR,2BA | $2.98 |
| 255 Larkin St, Unit No. 3 | 255 Larkin St | 2BR,1BA | $2.80 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| 464-472 Ramona Avenue - Monterey | 2 Bedroom / 1 Bathroom | 2BR,1BA | $3.17 |
| Monterey Townhouse | 2x1 Townhouse Reno | 2BR,1BA | $3.80 |
| 262 Clay St, Unit 3 | 262 Clay St | 2BR,1BA | $3.56 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $3.81 |
| 107 18th St | 107 18th St | 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 Pacific Grove Senior Living listed at $2,400.
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.
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.
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.