Cheap Apartments for Rent in 93940
120 rentals
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Use arrow keys to navigatePET FRIENDLY$1,895 - $3,095/mo
Studio-2 Beds
1-2 BathsCasanova at Monterey Bay | 740 Casanova Ave,
Monterey, CA 93940
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SPECIAL OFFERPET FRIENDLYTotal price$2,093 - $4,450/moStudio-3 Beds1-2 BathsMonterey Townhouse | 825 Casanova Ave,
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 increased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,695 |
| Nov 2025 | $2,595 |
| Dec 2025 | $2,900 |
| Jan 2026 | $2,850 |
| Feb 2026 | $2,770 |
| Mar 2026 | $2,800 |
| Apr 2026 | $2,795 |
| May 2026 | $2,850 |
| Jun 2026 | $2,850 |
| Jul 2026 | $2,950 |
| Aug 2026 | $2,900 |
| Sep 2026 | $2,978 |
Average Rent By Bedroom and Home Type
In October 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 | $2,310 | $3,089 | $4,495 | $5,295 | $2,900 |
| Townhomes | — | $6,700 | $3,800 | — | $4,495 |
| Apartments and Condos | $2,400 | $3,050 | $2,750 | — | $2,500 |
| Houses | $3,195 | $3,445 | $4,695 | $5,295 | $4,495 |
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 $2,405 per month. This is about 23% higher than the national average.
- What are the cheapest months to find an apartment to rent in 93940?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $2,500 per month.
- How many cheap apartments are available in 93940?There are 69 apartments to rent that are cheaper than the city’s average rent of $2,900.
- 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 $2,310 per month. That is about $335 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 93940 - 152 Rentas | Trulia