250 Monroe St
MontereyCA93940
Cheap Apartments for Rent in the New Monterey Neighborhood of Monterey, CA from $1,500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Monterey area of Monterey.
541 Wave St
MontereyCA93940
872 Alice St
MontereyCA93940
601 David Ave
MontereyCA93940
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.
277 Van Buren 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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816 Jessie St
MontereyCA93940
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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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New Monterey, 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 New Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Monterey Studio Apartments | $2,248 | $1,695 | $2,500 |
| New Monterey 1 Bedroom Apartments | $2,772 | $1,745 | $4,695 |
| New Monterey 2 Bedroom Apartments | $3,704 | $2,400 | $8,202 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the New Monterey Neighborhood of Monterey, CA.
See all Apartments in MontereyExplore Monterey
New Monterey, Monterey, CA Local Guide
- Nearby Monterey neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available New Monterey Apartments for Rent
The cheapest available apartment rental in the New Monterey area of Monterey, CA is a 1 Bed unit found at 832haw priced from $1,875. The Crest at Pacific Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,400. Here are the most affordable New Monterey apartments for rent in Monterey, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 832haw | 1BR/1.0BA | 1BR,1BA | $1,875 |
| 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 |
| Surfside Apartments | Plan B | 2BR,1BA | $3,050 |
Best Value Apartments for Rent in New Monterey, CA
As of May 11, 2025 the best value apartment in the New Monterey area is the $3.71 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Monterey Vista neighborhood starting from $4,263. The second greatest value New Monterey apartment is the 255 Larkin St Model at 255 Larkin St, Unit No. 3 starting at $2,795 with a $2.80 price per square foot in the Villa Del Monte neighborhood. Here is today’s list of the best values for New 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 | $3.71 |
| 255 Larkin St, Unit No. 3 | 255 Larkin St | 2BR,1BA | $2.80 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| 262 Clay St, Unit 3 | 262 Clay St | 2BR,1BA | $3.56 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $4.10 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $4.75 |
| The Crest at Pacific Grove | Tranquility | 1BR,1BA | $3.69 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleNew Monterey, Monterey, CA
Ranked #8
Among neighborhoods in Monterey, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the New Monterey Neighborhood in Monterey, CA
Walk Score®
88 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
32 / 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 New Monterey Apartments
How much is rent for a Cheap One Bedroom New Monterey Apartment?
The lowest price for a Cheap One Bedroom New Monterey Apartment is $1,875 at 832haw.
What is the lowest price for a Cheap Two Bedroom New Monterey Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Monterey is starting from $2,400 at 431 Spencer Street - Monterey.
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.