What's the average rent in Monterey, CA?

Rental Market Trends in Monterey, CA

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Monterey, CA is $2,895 per month, which is 47% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,895

1.6%$45 increase month-over-month

5.3%$145 increase year-over-year

AVAILABLE RENTALS

120

APARTMENTS

$2,624

HOUSES

$5,500

TOWNHOUSES

$3,500

As of August 2026, apartments are the most affordable rental option in Monterey, CA at $2,624 per month, while houses are the most expensive at $5,500 per month. Townhomes average $3,500 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,300
2 Bedrooms	$3,050
3 Bedrooms	$4,950
4 Bedrooms	$6,295
All	$2,895

As of August 2026, the average rent for a 1 bedroom rental in Monterey, CA is $2,300 per month, followed by $3,050 for a 2 bedroom rental, $4,950 for a 3 bedroom rental, and $6,295 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$3,400
3 Bedrooms	$4,133
4 Bedrooms	—
All	$3,500

As of August 2026, the average rent for a 2 bedroom townhome in Monterey, CA is $3,400 per month, followed by $4,133 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,350
2 Bedrooms	$2,955
3 Bedrooms	$3,975
4 Bedrooms	—
All	$2,700

As of August 2026, the average rent for a 1 bedroom apartment in Monterey, CA is $2,350 per month, followed by $2,955 for a 2 bedroom apartment, and $3,975 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,800
2 Bedrooms	$3,800
3 Bedrooms	$5,900
4 Bedrooms	$6,295
All	$5,500

As of August 2026, the average rent for a 1 bedroom house in Monterey, CA is $1,800 per month, followed by $3,800 for a 2 bedroom house, $5,900 for a 3 bedroom house, and $6,295 for a 4 bedroom house.