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

Rental Market Trends in Morro Bay, CA

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Morro Bay, CA is $2,450 per month, which is 27% higher than the national average rent of $1,930 per month.

AVERAGE RENT

$2,450

-21.0%-$650 decrease month-over-month

-25.8%-$850 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$2,258

HOUSES

$3,250

TOWNHOUSES

$1,350

As of May 2026, townhomes are the most affordable rental option in Morro Bay, CA at $1,350 per month, while houses are the most expensive at $3,250 per month. Apartments average $2,258 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,150
2 Bedrooms	$3,079
3 Bedrooms	$3,788
4 Bedrooms	—
All	$2,450

As of May 2026, the average rent for a 1 bedroom rental in Morro Bay, CA is $2,150 per month, followed by $3,079 for a 2 bedroom rental, and $3,788 for a 3 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$3,139
3 Bedrooms	$1,350
4 Bedrooms	—
All	$1,350

As of May 2026, the average rent for a 2 bedroom townhome in Morro Bay, CA is $3,139 per month, followed by $1,350 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,045
2 Bedrooms	$2,800
3 Bedrooms	$3,000
4 Bedrooms	—
All	$2,450

As of May 2026, the average rent for a 1 bedroom apartment in Morro Bay, CA is $2,045 per month, followed by $2,800 for a 2 bedroom apartment, and $3,000 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$2,100
2 Bedrooms	$3,250
3 Bedrooms	$5,850
4 Bedrooms	—
All	$3,250

As of May 2026, the average rent for a 1 bedroom house in Morro Bay, CA is $2,100 per month, followed by $3,250 for a 2 bedroom house, and $5,850 for a 3 bedroom house.