What's the average rent in Morro Bay, CA?

Rental Market Trends in Morro Bay, CA

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Morro Bay, CA is $2,850 per month, which is 45% higher than the national average rent of $1,962 per month.

AVERAGE RENT

$2,850

-10.9%-$350 decrease month-over-month

1.8%$50 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$2,828

HOUSES

$3,500

TOWNHOUSES

$1,350

As of September 2026, townhomes are the most affordable rental option in Morro Bay, CA at $1,350 per month, while houses are the most expensive at $3,500 per month. Apartments average $2,828 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	$3,200
3 Bedrooms	$3,500
4 Bedrooms	$3,900
All	$2,850

As of September 2026, the average rent for a 1 bedroom rental in Morro Bay, CA is $2,300 per month, followed by $3,200 for a 2 bedroom rental, $3,500 for a 3 bedroom rental, and $3,900 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$2,500
2 Bedrooms	—
3 Bedrooms	$1,350
4 Bedrooms	—
All	$1,350

As of September 2026, the average rent for a 1 bedroom townhome in Morro Bay, CA is $2,500 per month, followed by $1,350 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,300
2 Bedrooms	$2,850
3 Bedrooms	$3,400
4 Bedrooms	—
All	$2,450

As of September 2026, the average rent for a 1 bedroom apartment in Morro Bay, CA is $2,300 per month, followed by $2,850 for a 2 bedroom apartment, and $3,400 for a 3 bedroom apartment.

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

As of September 2026, the average rent for a 2 bedroom house in Morro Bay, CA is $2,800 per month, followed by $3,800 for a 3 bedroom house, and $3,900 for a 4 bedroom house.