Apartments for Rent in Morro Bay, CA

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

The best apartment in Morro Bay, CA is: 1125 Monterey LLC.

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

In Morro Bay, 39% of the residents are renting compared to 61% 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, 46% are small-scale complexes with under 50 units, and 51% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Morro Bay are about 0 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 0 stories. About none of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Morro Bay are around 0% of rentals, while 1-bedroom floor plans represent 0% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 0% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.