Apartments for Rent in Morro Bay, CA

Prices and availability in Morro Bay, CA were last updated on 5 Jul 2026.

The best apartments in Morro Bay, CA are: 1125 Monterey LLC, 1188 Market #B, 1191 Morro, Rockview at Sunset and 1040 Main St.

The price range for a 3-bedroom apartment in Morro Bay, CA is between $1,600 and $1,700.

In Morro Bay, 35% of the residents are renting compared to 65% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 1% of Morro Bay's rentals, 45% are small-scale complexes with under 50 units, and 53% are single-family rentals.

The average age of rental buildings in Morro Bay is 0 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 0 stories, of which none 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 Morro Bay come in a range of sizes and floorplans. Studio apartments represent 0% 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 0% of the total apartments in the city, while 2-bedroom floorplans represent around 0% of all rentals in Morro Bay. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.