Cheap Apartments for Rent in Morro Bay, CA
26 rentals
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Apartments For Rent Near Morro Bay, CA
We found 30 more apartments matching your filters just outside Morro Bay
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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 May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,950 |
| Jul 2025 | $2,800 |
| 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 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,150 | $3,079 | $3,788 | — | $2,450 |
| Townhomes | — | $3,139 | $1,350 | — | $1,350 |
| Apartments and Condos | $2,045 | $2,800 | $3,000 | — | $2,450 |
| Houses | $2,100 | $3,250 | $5,850 | — | $3,250 |
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 $2,258 per month. This is about 17% higher than the national average.
- What is the average rent of a house in Morro Bay, CA?The average rent of a house in Morro Bay, CA is $3,250 per month. This is about 68% higher than the national average.
- What is the average rent of a townhome in Morro Bay, CA?The average rent of a townhome in Morro Bay, CA is $1,350 per month. This is about 30% 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 $2,150 per month. That is about $522 more than the cost of a studio apartment.
- How many available rental listings are in Morro Bay, CA?There are 32 available rental listings in Morro Bay, CA.
- What are some zip codes in Morro Bay, CA?
- 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.