Cheap Apartments for Rent in Monterey, CA
131 rentals
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NEW - 23 HRS AGOPET FRIENDLY$2,100 - $3,295/mo
Studio-2 Beds
1-2 BathsCasanova at Monterey Bay | 740 Casanova Ave #730-B,
Monterey, CA 93940
NEW - 16 HRS AGOAPPLY INSTANTLY
SPECIAL OFFERPET FRIENDLYTotal price$2,143 - $3,217/moStudio-2 Beds1 BathMonterey Townhouse | 825 Casanova Ave #55,
Monterey, CA 93940
APPLY INSTANTLYSENIOR HOUSING
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APPLY INSTANTLYPET FRIENDLYFURNISHED
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Average Rent Trends in Monterey, CA
Rent in Monterey, CA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,800 |
| Jul 2025 | $2,700 |
| Aug 2025 | $2,795 |
| Sep 2025 | $2,800 |
| Oct 2025 | $2,650 |
| Nov 2025 | $2,550 |
| Dec 2025 | $2,900 |
| Jan 2026 | $2,814 |
| Feb 2026 | $2,750 |
| Mar 2026 | $2,800 |
| Apr 2026 | $2,795 |
| May 2026 | $2,800 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,250 | $3,019 | $5,100 | $4,850 | $2,875 |
| Townhomes | — | $3,500 | $5,000 | — | $4,200 |
| Apartments and Condos | $2,315 | $3,013 | $6,500 | $4,850 | $2,906 |
| Houses | $2,250 | $3,600 | $5,100 | $6,500 | $3,600 |
Frequently Asked Questions about Rentals in Monterey, CA
- What is the average rent of an apartment in Monterey, CA?The average rent of an apartment in Monterey, CA is $2,678 per month. This is about 39% higher than the national average.
- What is the average rent of a house in Monterey, CA?The average rent of a house in Monterey, CA is $3,600 per month. This is about 87% higher than the national average.
- What is the average rent of a townhome in Monterey, CA?The average rent of a townhome in Monterey, CA is $4,200 per month. This is about 118% higher than the national average.
- When is the average rent cheapest in Monterey, CA?In the last year, the average rent in Monterey, CA was lowest in Mar 2025 when it was $2,500 per month.
- When is the average rent most expensive in Monterey, CA?In the last year, the average rent in Monterey, CA was highest in Dec 2025 when it was $2,900 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Monterey, CA?The average rent of a 1 bedroom apartment in Monterey, CA is $2,250 per month. That is about $150 less than the cost of a studio apartment.
- How many available rental listings are in Monterey, CA?There are 130 available rental listings in Monterey, CA.
- What are some neighborhoods in Monterey, CA?Some neighborhoods in Monterey, CA include: New Monterey, Monterey Vista, Old Town, Villa Del Monte, Deer Flats.
- What are some zip codes in Monterey, CA?
- What are some cities near Monterey, CA?Some nearby cities include: Carmel-by-the-Sea, Del Rey Oaks, Sand City, Del Monte Forest, Seaside. These cities may have more rental options to explore.