Cheap Apartments for Rent in Morro Bay, CA from $600 (5 Rentals)

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Explore the Best Cheap Apartments in Morro Bay for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

Morro Bay, CA Local Guide

Cheapest Neighborhoods for Apartments in Morro Bay, CA

Pricing Updated: 01/02/2025

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$2,575$1,1777

Cheapest Available Morro Bay Apartments for Rent and Nearby

 

The cheapest available apartment rental in Morro Bay, CA is a 5 Beds unit found at The SLO Apartments in the Valle Vista neighborhood priced from $649. California Grand Manor Senior Apartments in the Atascadero Templeton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. Here is today’s list of the most affordable Morro Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The SLO ApartmentsLarge Shared Bedroom & Common Areas in 5 Bed 2 ...5BR,2BA$649
California Grand Manor Senior ApartmentsStudioStudio,1BA$1,030
Sierra Sands2 Bedroom 1 Bath2BR,1BA$1,088

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

As of January 02, 2025 the best value apartment in the Morro Bay area is the $2.55 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,270. The second greatest value Morro Bay apartment is the 2BR/1.5BA Model at Emerald Ridge Apartments starting at $3,250 with a $2.85 price per square foot in the Morro Bay Cayucos Cambria 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.
ReNew AtascaderoThree Bedroom Townhome3BR,2.5BA$2.55
Emerald Ridge Apartments2BR/1.5BA2BR,1.5BA$2.85
La Plaza Villas3/1 Flat3BR,1BA$2.84
Bordeaux House ApartmentsTwo Bedroom Two Bath2BR,2BA$1.91
The Oaks at Jornada2BR/2.0BA2BR,2BA$2.54
537 Piney Way, Unit UPSTAIR UNIT B537 Piney Way2BR,1BA$2.56
Arrive Paso RoblesThe Isabella1BR,1BA$3.05
Irish Hills Hamlet1 Bed, 1 bath1BR,1BA$2.73
Sierra Sands1 Bedroom 1 Bath1BR,1BA$2.13
California Grand Manor Senior ApartmentsStudioStudio ,1BA$1.90

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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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