Apartments for Rent in Monterey, CA

Prices and availability in Monterey, CA were last updated on 13 Nov 2026.

The best apartments in Monterey, CA are: 12 Pinehill Way - Monterey, 799 Lighthouse Avenue - Monterey, 501 Lighthouse Avenue - Monterey, Los Arboles Apartments and X456S - OLD.

The average rent in Monterey, CA is $2,788.

In Monterey 64% of the housing is rented out compared to 36% of homes are owned, according to the most recent Census Bureau estimates. 10% of Monterey's apartments are found in large buildings of 50 units or more, 68% are located in smaller apartment complexes with less than 50 units, and 21% are single-family rentals.

The average age of rental buildings in Monterey is 53 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Monterey come in a range of sizes and floorplans. Studio apartments represent 6% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 51% of the total apartments in the city, while 2-bedroom floorplans represent around 42% of all rentals in Monterey. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.