239 Surf St
Morro BayCA93442
Cheap Homes for Rent in Morro Bay, CA from $1,900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Morro Bay.
1750 Prefumo Canyon Rd
San Luis ObispoCA93405
295 Bradley Ave
Morro BayCA93442
1453-1453-1/2 Lizzie St
San Luis ObispoCA93401
859 California Blvd
San Luis ObispoCA93401
943 Nipomo Ave
Los OsosCA93402
11295 Los Osos Valley Rd
San Luis ObispoCA93405
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Morro Bay, CA Local Guide
Beautiful field by Antti T. Nissinen is licensed under CC BY 2.0
How much does it cost to rent a home in Morro Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Morro Bay 2 Bedroom Homes for Rent | $3,541 | $1,950 | $6,000 |
| Morro Bay 3 Bedroom Homes for Rent | $4,747 | $3,300 | $7,500 |
| Morro Bay 4 Bedroom Homes for Rent | $12,814 | $4,000 | $10,000+ |
| Morro Bay 5 Bedroom Homes for Rent | $7,600 | $5,900 | $9,500 |
| Morro Bay 6 Bedroom Homes for Rent | $11,700 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Morro Bay
Explore Morro Bay
Morro Bay, CA Local Guide
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Cheapest Neighborhoods for Apartments in Morro Bay, CA
Pricing Updated: 03/22/2025Current 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 | $27,150 | $1,200 | 117 |
Cheapest Available Morro Bay Apartments for Rent
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 $699. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The SLO Apartments | Large SHARED Room in a 5 Bed, 2 Bath Suite (MUS... | 5BR,2BA | $699 |
| California Grand Manor Senior Apartments | Studio | Studio,1BA | $1,030 |
| Sierra Sands | 2 Bedroom 1 Bath | 2BR,1BA | $1,088 |
Best Value Apartments for Rent in Morro Bay, CA
As of March 22, 2025 the best value apartment in the Morro Bay area is the $2.65 price per square foot Three Bedroom Townhome Model at ReNew Atascadero in the in the Atascadero Templeton neighborhood starting from $3,395. The second greatest value Morro Bay apartment is the 3 Bedroom 2 Bath Model at Sierra Sands starting at $1,258 with a $1.17 price per square foot in the Harvest Glen 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. |
|---|---|---|---|
| ReNew Atascadero | Three Bedroom Townhome | 3BR,2.5BA | $2.65 |
| Sierra Sands | 3 Bedroom 2 Bath | 3BR,2BA | $1.17 |
| Hancock Terrace Apartments | Decade | 2BR,1BA | $2.46 |
| Villa Del Rio | 2 Bedroom with Laundry | 2BR,1BA | $2.82 |
| La Plaza Villas | 3/1 Flat | 3BR,1BA | $2.78 |
| Bordeaux House Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.81 |
| The Oaks at Jornada | 2BR/2.0BA | 2BR,2BA | $2.54 |
| Dry Creek | 21 | 2BR,1BA | $2.31 |
| Irish Hills Hamlet Apartments | 2BR/1.0BA | 2BR,1BA | $2.94 |
| California Grand Manor Senior Apartments | Studio | Studio ,1BA | $1.90 |
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Frequently Asked Questions about Morro Bay
What type of rentals are currently available in Morro Bay?
There are currently 76 Apartments for Rent in Morro Bay, CA with pricing that ranges from $699 to $4,853. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Morro Bay ranging from $1,950 to $50,000.
What is the current price range for Rental Homes in Morro Bay?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Morro Bay ranges from $1,950 to $50,000 with an average monthly rent of $8,080.
How much are larger Three and Four Bedroom Rentals in Morro Bay?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Morro Bay range from $1,258 to $4,206, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,300 to $7,500. Four Bedroom Single-Family rentals are also available starting from $4,000 and Four Bedroom Apartments start at $1,655.
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.