Apartments for Rent in Monterey, CA

Prices and availability in Monterey, CA were last updated on 26 Oct 2026.

The best apartments in Monterey, CA are: 1043 Fifth St - Monterey, Los Arboles Apartments, 1107 McClellan Avenue - Monterey, 799 Lighthouse Avenue - Monterey and 501 Lighthouse Avenue - Monterey.

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

The price range for a 1-bedroom apartment in Monterey, CA is between $2,557 and $2,600.

The price range for a 3-bedroom apartment in Monterey, CA is between $3,400 and $4,500.

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 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 Monterey are about 53 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 2 stories. About all 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 Monterey are around 6% of rentals, while 1-bedroom floor plans represent 51% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.