Cheap Apartments for Rent in Morro Bay, CA from $600 (4 Rentals)

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Search the lowest-cost Apartments available for rent right now in Morro Bay.

Morro Bay, CA Local Guide

Cheapest Neighborhoods for Apartments in Morro Bay, CA

Pricing Updated: 03/09/2025

Current apartment rentals in the Morro Bay, CA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Morro Bay Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Morro Bay Cayucos Cambria$2,500$1,55045

Best Value Apartments for Rent in Morro Bay, CA and Nearby

As of March 09, 2025 the best value apartment in the Morro Bay area is the $2.64 price per square foot 1105 West St Model at 1105 West St, Unit 1105 in the in the Avila Beach Los Osos neighborhood starting from $3,700. The second greatest value Morro Bay apartment is the 2 Bedroom with Laundry Model at Villa Del Rio starting at $2,750 with a $2.82 price per square foot in the The Summit neighborhood. Here is today’s list of the best values for Morro Bay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1105 West St, Unit 11051105 West St2BR,2BA$2.64
Villa Del Rio2 Bedroom with Laundry2BR,1BA$2.82
La Plaza Villas3/1 Flat3BR,1BA$2.84
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$1.83
Cassia ApartmentsTwo Bed Downstairs2BR,2BA$2.92
The Oaks at Jornada2BR/2.0BA2BR,2BA$2.54
Irish Hills Hamlet Apartments2BR/1.0BA2BR,1BA$2.94
La Vista2 BED 1 BATH2BR,1BA$2.76
Sierra Sands1 Bedroom 1 Bath1BR,1BA$2.14
California Grand Manor Senior ApartmentsStudioStudio ,1BA$1.90

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Morro Bay, CA Rentals by Map

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Getting Around Morro Bay, CA

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Morro Bay Apartments

What is the Cheapest Studio apartment in Morro Bay?

Currently the most affordable Cheap Studio Apartment in Morro Bay is at California Grand Manor Senior Apartments listed at $1,030.

How much is rent for a Cheap One Bedroom Morro Bay Apartment?

The lowest price for a Cheap One Bedroom Morro Bay Apartment is $1,086 at California Grand Manor Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Morro Bay Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Morro Bay is starting from $1,088 at Sierra Sands.

What is the most affordable Morro Bay Three Bedroom Apartment?

The best deal on a cheap Morro Bay Three Bedroom Apartment rental is at Sierra Sands and starts from $1,258.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.