
Cheap Apartments for Rent in Morro Bay, CA from $600 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in Morro Bay.


Villa del Sol Senior Apts 55+

Bordeaux House Apartments
Morro Bay, CA Local Guide

How much does it cost to rent an apartment in Morro Bay?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Morro Bay Studio Apartments | $2,374 | $1,030 | $4,496 |
Morro Bay 1 Bedroom Apartments | $2,438 | $1,086 | $5,046 |
Morro Bay 2 Bedroom Apartments | $2,671 | $999 | $3,825 |
Morro Bay 3 Bedroom Apartments | $2,607 | $1,258 | $4,220 |
Morro Bay 4 Bedroom Apartments | $1,739 | $1,655 | $1,905 |
Browse Top Apartments in Morro Bay
See all Apartments in Morro BayExplore Morro Bay
Morro Bay, CA Local Guide
- Morro Bay Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 03/09/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Morro Bay Cayucos Cambria | $2,500 | $1,550 | 45 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1105 West St, Unit 1105 | 1105 West St | 2BR,2BA | $2.64 |
Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.82 |
La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.84 |
Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.83 |
Cassia Apartments | Two Bed Downstairs | 2BR,2BA | $2.92 |
The Oaks at Jornada | 2BR/2.0BA | 2BR,2BA | $2.54 |
Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
La Vista | 2 BED 1 BATH | 2BR,1BA | $2.76 |
Sierra Sands | 1 Bedroom 1 Bath | 1BR,1BA | $2.14 |
California Grand Manor Senior Apartments | Studio | Studio ,1BA | $1.90 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Morro Bay, CA Rentals by Map
See the most popular apartments and homes in Morro Bay, CA
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
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 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.

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.

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.

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.

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.