816 Jessie St
MontereyCA93940
Cheap Homes for Rent in New Monterey Neighborhood of Monterey, CA from $1,900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the New Monterey area of Monterey.
263 Monroe St
MontereyCA93940
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.
463 Reeside Ave
MontereyCA93940
605 2nd St
Pacific GroveCA93950
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.
851 Taylor St
MontereyCA93940
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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 a home in New Monterey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Monterey 2 Bedroom Homes for Rent | $3,284 | $2,500 | $3,975 |
| New Monterey 3 Bedroom Homes for Rent | $4,798 | $4,400 | $5,500 |
| New Monterey 4 Bedroom Homes for Rent | $9,775 | $4,700 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the New Monterey Neighborhood of Monterey, CA.
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New Monterey, Monterey, CA Local Guide
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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. 431 Spencer Street - Monterey has the second lowest priced unit, which is a 2 Beds 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 |
| 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 New Monterey, CA
As of April 30, 2025 the best value apartment in the New 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 New Monterey apartment is the Plan B Model at Surfside Apartments starting at $3,050 with a $3.11 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 | $3.78 |
| Surfside Apartments | Plan B | 2BR,1.5BA | $3.11 |
| Footprints on the Bay | Seabreeze | 2BR,1BA | $3.81 |
| Pacific Grove Senior Living | 2 Bed 2 Bath - Seaside | 2BR,2BA | $5.06 |
| 832haw | 1BR/1.0BA | 1BR,1BA | $3.75 |
Quick Rent Budget Calculator
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Frequently Asked Questions about New Monterey
What type of rentals are currently available in New Monterey?
There are currently 101 Apartments for Rent in New Monterey, CA with pricing that ranges from $1,745 to $9,519. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Monterey ranging from $1,950 to $14,850.
What is the current price range for Rental Homes in New Monterey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Monterey ranges from $1,950 to $14,850 with an average monthly rent of $5,012.
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.