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

Rental Market Trends in Morro Bay, CA

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Morro Bay, CA is $3,000 per month, which is 53% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$3,000

20.0%$500 increase month-over-month

5.3%$150 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,658

HOUSES

$5,000

TOWNHOUSES

$1,350

As of July 2026, townhomes are the most affordable rental option in Morro Bay, CA at $1,350 per month, while houses are the most expensive at $5,000 per month. Apartments average $1,658 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,178
2 Bedrooms	$3,450
3 Bedrooms	$5,000
4 Bedrooms	—
All	$3,000

As of July 2026, the average rent for a 1 bedroom rental in Morro Bay, CA is $2,178 per month, followed by $3,450 for a 2 bedroom rental, and $5,000 for a 3 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$2,250
2 Bedrooms	—
3 Bedrooms	$1,350
4 Bedrooms	—
All	$1,350

As of July 2026, the average rent for a 1 bedroom townhome in Morro Bay, CA is $2,250 per month, followed by $1,350 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,150
2 Bedrooms	—
3 Bedrooms	$3,800
4 Bedrooms	—
All	$2,150

As of July 2026, the average rent for a 1 bedroom apartment in Morro Bay, CA is $2,150 per month, followed by $3,800 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,200
2 Bedrooms	$3,450
3 Bedrooms	$5,850
4 Bedrooms	—
All	$5,000

As of July 2026, the average rent for a 1 bedroom house in Morro Bay, CA is $1,200 per month, followed by $3,450 for a 2 bedroom house, and $5,850 for a 3 bedroom house.