Cheap Apartments for Rent in Morro Bay, CA

23 rentals

Apartments For Rent Near Morro Bay, CA

We found 29 more apartments matching your filters just outside Morro Bay

Average Rent Trends in Morro Bay, CA

Rent in Morro Bay, CA varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jul 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Aug 2025$2,900
Sep 2025$2,800
Oct 2025$2,750
Nov 2025$2,800
Dec 2025$2,650
Jan 2026$2,500
Feb 2026$2,500
Mar 2026$3,071
Apr 2026$2,550
May 2026$2,950
Jun 2026$2,800
Jul 2026$3,000
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Average Rent By Bedroom and Home Type

In July 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,178$3,450$5,000—$3,000
Townhomes$2,250—$1,350—$1,350
Apartments and Condos$2,150—$3,800—$2,150
Houses$1,200$3,450$5,850—$5,000
See more information about local market trends in Morro Bay, CA

Frequently Asked Questions about Rentals in Morro Bay, CA

  • What is the average rent of an apartment in Morro Bay, CA?
    The average rent of an apartment in Morro Bay, CA is $1,658 per month. This is about 16% lower than the national average.
  • When is the average rent cheapest in Morro Bay, CA?
    In the last year, the average rent in Morro Bay, CA was lowest in Dec 2025 when it was $2,650 per month.
  • When is the average rent most expensive in Morro Bay, CA?
    In the last year, the average rent in Morro Bay, CA was highest in Jan 2025 when it was $3,400 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Morro Bay, CA?
    The average rent of a 1 bedroom apartment in Morro Bay, CA is $2,178 per month. That is about $678 more than the cost of a studio apartment.
  • How many available rental listings are in Morro Bay, CA?
    There are 22 available rental listings in Morro Bay, CA.
  • What are some zip codes in Morro Bay, CA?
    Morro Bay, CA includes zip codes such as: 93442, 93443.
  • What are some cities near Morro Bay, CA?
    Some nearby cities include: Atascadero, Los Osos, Cayucos, San Luis Obispo, Templeton. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Morro Bay, CA - 52 Rentas | Trulia