Cheap Apartments for Rent in 93940
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SPECIAL OFFERPET FRIENDLYTotal price$2,020 - $2,993/mo
Studio-2 Beds
1 BathMonterey Townhouse | 825 Casanova Ave #47,
Monterey, CA 93940
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PET FRIENDLY$2,100 - $3,295/moStudio-2 Beds1-2 BathsCasanova at Monterey Bay | 740 Casanova Ave #730-B,
Monterey, CA 93940
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Average Rent Trends in 93940
Rent in 93940 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Jun 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $2,750 |
| Aug 2025 | $2,850 |
| Sep 2025 | $2,900 |
| Oct 2025 | $2,695 |
| Nov 2025 | $2,595 |
| Dec 2025 | $2,900 |
| Jan 2026 | $2,850 |
| Feb 2026 | $2,771 |
| Mar 2026 | $2,800 |
| Apr 2026 | $2,795 |
| May 2026 | $2,850 |
| Jun 2026 | $2,850 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,300 | $3,100 | $4,350 | $5,500 | $2,795 |
| Townhomes | — | $3,500 | $4,200 | — | $3,500 |
| Apartments and Condos | $2,400 | $3,100 | $7,500 | $1,200 | $2,795 |
| Houses | $3,000 | $3,750 | $4,350 | $6,800 | $3,900 |
Frequently Asked Questions about Rentals in 93940
- What is the average rent of an apartment in 93940?The average rent of an apartment in 93940 is $2,598 per month. This is about 33% higher than the national average.
- What is the average rent of a house in 93940?The average rent of a house in 93940 is $3,900 per month. This is about 100% higher than the national average.
- What is the average rent of a townhome in 93940?The average rent of a townhome in 93940 is $3,500 per month. This is about 79% higher than the national average.
- When is the average rent cheapest in 93940?In the last year, the average rent in 93940 was lowest in Mar 2025 when it was $2,500 per month.
- When is the average rent most expensive in 93940?In the last year, the average rent in 93940 was highest in Sep 2025 when it was $2,900 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 93940?The average rent of a 1 bedroom apartment in 93940 is $2,300 per month. That is about $180 less than the cost of a studio apartment.
- How many available rental listings are in 93940?There are 122 available rental listings in 93940.
- What are some cities near 93940?Some nearby cities include: Del Rey Oaks, Sand City, Seaside, Monterey, Pacific Grove, Del Monte Forest. These cities may have more rental options to explore.