250 Monroe St
MontereyCA93940
Cheap Apartments for Rent in the Old Monterey Business District Monterey, CA from $700 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Monterey Business District area of Monterey.
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from $1,916Studio to 3 Bedroom Apartments Available Now
Monterey Townhouse
825 Casanova AveMonterey, CA 93940
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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.
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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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Rent Specials
from $2,075Studio Apartments Available Now
Ocean View at Pacific Grove Apartments
1141 Lighthouse AvePacific Grove, CA 93950
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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Old Monterey Business District, 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 Old Monterey Business District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Monterey Business District Studio Apartments | $2,185 | $788 | $3,025 |
| Old Monterey Business District 1 Bedroom Apartments | $3,246 | $1,700 | $4,695 |
| Old Monterey Business District 2 Bedroom Apartments | $4,030 | $2,875 | $8,152 |
| Old Monterey Business District 3 Bedroom Apartments | $4,706 | $4,628 | $4,732 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Old Monterey Business District Neighborhood of Monterey, CA.
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Old Monterey Business District, Monterey, CA Local Guide
- Nearby Monterey neighborhoods
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Cheapest Available Old Monterey Business District Apartments for Rent
The cheapest available apartment rental in the Old Monterey Business District area of Monterey, CA is a 1 Bed unit found at 513-531 Belden St priced from $1,700. Monterey Townhouse has the second lowest priced unit, which is a Studio apartment currently listed from $1,916. Here are the most affordable Old Monterey Business District apartments for rent in Monterey, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 513-531 Belden St | 1 Bed 1 Bath | 1BR,1BA | $1,700 |
| Monterey Townhouse | Studio Reno | Studio,1BA | $1,916 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio,1BA | $2,075 |
| Monterey Pines Apartments | One Bedroom One Bath | 1BR,1BA | $2,400 |
| Pacific Grove Senior Living | Studio - Lake Park | Studio,1BA | $2,400 |
Best Value Apartments for Rent in Old Monterey Business District, CA
As of May 16, 2025 the best value apartment in the Old Monterey Business District area is the $3.66 price per square foot Residence 1 Luxury Model at Seventeen Mile Drive Village Apartment Homes in the in the Monterey Vista neighborhood starting from $4,212. The second greatest value Old Monterey Business District apartment is the 255 Larkin St Model at 255 Larkin St, Unit No. 3 starting at $2,895 with a $2.90 price per square foot in the Villa Del Monte neighborhood. Here is today’s list of the best values for Old Monterey Business District 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 | $3.66 |
| 255 Larkin St, Unit No. 3 | 255 Larkin St | 2BR,1BA | $2.90 |
| 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 |
| Monterey Pines Apartments | Two Bedroom One Bath | 2BR,1BA | $3.82 |
| Seagrove | A1.1 | 1BR,1BA | $4.62 |
| 513-531 Belden St | 1 Bed 1 Bath | 1BR,1BA | $2.36 |
| Pacific Grove Senior Living | 1 Bed 1 Bath - Peninsula | 1BR,1BA | $4.75 |
| Ocean View at Pacific Grove Apartments | Studio - 430sqft | Studio ,1BA | $4.83 |
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Pet Friendly LifestyleOld Monterey Business District, Monterey, CA
Ranked #2
Among neighborhoods in Monterey, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Old Monterey Business District, 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
Frequently Asked Questions about Cheap Old Monterey Business District Apartments
What is the Cheapest Studio apartment in Old Monterey Business District?
Currently the most affordable Cheap Studio Apartment in Old Monterey Business District is at Monterey Townhouse listed at $1,916.
How much is rent for a Cheap One Bedroom Old Monterey Business District Apartment?
The lowest price for a Cheap One Bedroom Old Monterey Business District Apartment is $1,700 at 513-531 Belden St.
What is the lowest price for a Cheap Two Bedroom Old Monterey Business District Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Old Monterey Business District is starting from $2,995 at Pacific Grove Senior Living.
What is the most affordable Old Monterey Business District Three Bedroom Apartment?
The best deal on a cheap Old Monterey Business District 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.
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.