500 Glenwood Cir, Unit 537
500 Glenwood Cir
MontereyCA93940
Cheap Homes for Rent in Monterey, CA from $1,500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Monterey.
2952 Club Rd
Pebble BeachCA93953
339 Vía Paraiso, Unit Downstairs
339 Vía Paraiso
MontereyCA93940
2951 Club Rd
Pebble BeachCA93953
277 Van Buren St
MontereyCA93940
1217 Amador Ave
SeasideCA93955
480 San Bernabe Dr
MontereyCA93940
500 Glenwood Cir
MontereyCA93940
518 10th St
Pacific GroveCA93950
263 Monroe St
MontereyCA93940
3207 Golden Oaks Ln
MontereyCA93940
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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 a home in Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monterey 2 Bedroom Homes for Rent | $3,665 | $3,150 | $4,990 |
| Monterey 3 Bedroom Homes for Rent | $5,288 | $3,700 | $9,500 |
| Monterey 4 Bedroom Homes for Rent | $5,649 | $3,600 | $7,500 |
Browse Top Homes for Rent in Monterey
Explore Monterey
Monterey, CA Local Guide
- Monterey Neighborhoods
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Cheapest Neighborhoods for Apartments in Monterey, CA
Pricing Updated: 04/15/2025Current apartment rentals in the Monterey, CA area range in price from $1,450 to $10,300 with an overall median price of $4,270. The three Monterey neighborhoods with the lowest median rent pricing are Old Monterey at $2,795, Monterey Vista at $1,850, and Old Town at $2,795. 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 | $3,537 | $2,795 | 4 |
| Monterey Vista | $3,800 | $1,850 | 12 |
| Old Town | $3,800 | $2,795 | 7 |
| Skyline Forest | $3,950 | $1,750 | 26 |
| New Monterey | $4,110 | $1,750 | 25 |
| Old Monterey Business District | $4,680 | $1,750 | 78 |
| Outer Monterey | $4,680 | $1,450 | 115 |
| Villa Del Monte | $4,680 | $1,695 | 74 |
| Casanova Oak Knoll | $4,732 | $1,695 | 69 |
| Del Monte Grove Laguna Grande | $4,732 | $1,695 | 69 |
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. Pacific Grove - Senior Apartments in the Monterey Vista neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,100. 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 |
| Pacific Grove - Senior Apartments | Lakepark | Studio,1BA | $2,100 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio,1BA | $2,125 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $2,225 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $2,400 |
Best Value Apartments for Rent in Monterey, CA
As of April 15, 2025 the best value apartment in the Monterey area is the $3.78 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Monterey Vista neighborhood starting from $4,350. 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 | $3.78 |
| 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 Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| Pacific Pines | 2 Bedroom | 2BR,1BA | $4.19 |
| The Independent | 205 | 1BR,1BA | $4.22 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $3.69 |
| 456dela | 1BR/1.0BA | 1BR,1BA | $3.47 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
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Frequently Asked Questions about Monterey
What type of rentals are currently available in Monterey?
There are currently 399 Apartments for Rent in Monterey, CA with pricing that ranges from $788 to $10,284. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monterey ranging from $1,580 to $9,500.
What is the current price range for Rental Homes in Monterey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monterey ranges from $1,580 to $9,500 with an average monthly rent of $4,232.
How much are larger Three and Four Bedroom Rentals in Monterey?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monterey range from $3,425 to $5,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,700 to $9,500. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $4,495.
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.
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.
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.