Save search
Skip the filters. Search with AI Mode instead.

Apartments for Rent in Morro Bay, CA under $1500

Apartments for Rent in Morro Bay, CA under $1500. 3 Rentals Available
3 Rentals Available
Quick filters
  • 1 bd $991
    2 bd $1,013
    Base rent Income restricted
    Verified Listing

    5.0 (3)
    405 Atascadero Rd., Morro Bay, CA 93442
    Pet friendly • In unit laundry • Dishwasher
  • 1 bd $875
    Base rent
    Verified Listing

    1040 Main St, Morro Bay, CA 93442

  • More Rentals Near Morro Bay, CA

  • Only 1 unit left
    1 bd $716+
    2 bd $859+
    3 bd $993+
    Base rent Income restricted
    Verified Listing

    3065 Lucca Lane, San Luis Obispo, CA 93401
    Apply online • Pet friendly • In unit laundry
2-1-city

Frequently asked questions

When were prices and availability in Morro Bay, CA last updated?

Prices and availability in Morro Bay, CA were last updated on 6 Jul 2026.

What are the best apartments in Morro Bay, CA?

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

What type of rental buildings are in Morro Bay, CA?

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.

Your search for apartments in Morro Bay, CA under $1,500 stops here

Finding apartments for rent in Morro Bay, CA for less than $1,500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 3 available units in Morro Bay, CA, renting for under $1,500. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $1,500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,500 in Morro Bay, CA goes for $716 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.