The average monthly rent of apartments in Monterey, CA is $2,374.
The average monthly rent of apartments in Monterey, CA is $2,374.
Compared to the national average rent of $1,706, the average rent in Monterey, CA is $2,374.
Prices and availability in Monterey, CA were last updated on 5 Oct 2022.
The average rent in Monterey, CA is $2,374. Start your search for apartments in Monterey, CA now.
The price range for a 1-bedroom apartment in Monterey, CA is between $1,995 and $2,700. Browse all available 1-bedroom apartments in Monterey, CA now.
The price range for a 2-bedroom apartment in Monterey, CA is between $1,995 and $2,150. Browse and find a 2-bedroom apartment in Monterey, CA.
In Monterey, 66% of the residents are renting compared to 34% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 8% of Monterey’s rentals, 67% are small-scale complexes with under 50 units, and 25% are single-family rentals.
The average age of rental buildings in Monterey is 51 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.
Situated on California's Central Coast, Monterey is a small city on the southern edge of Monterey Bay in Monterey County. It's one of California's oldest and most historic cities, known today for its scenic ocean views, low poverty rates, good school system, and year-round pleasant weather. Like other neighboring areas, Monterey has a cool-summer Mediterranean climate under the Pacific Ocean's influence. Renters experience hot, dry summers and cold, wet winters with average temperatures of 40°F to 70°F, though the fog is a common appearance here. Rain and snow are minimal, allowing renters to explore the multiple beach, nature, and waterfront activities that make Monterey a popular tourist hub.
Monterey has a variety of house styles, from historic houses, renovated ranch-style homes, and single-family homes to duplexes, mobile homes, and apartment communities. Neighborhoods in the south are more sought after, so rent prices tend to be higher, while the northern region has more affordable houses and apartments for rent. Del Monte, New Monterey, Skyline Forest, and Spaghetti Hill are popular neighborhoods in Monterey. Spaghetti Hill is a student neighborhood where renters can find home shares, single-family cottages, and affordable apartments. California's rent control laws allow landlords to increase the rent by only 5% plus inflation, capped at 10%. Landlords may ask for a security deposit no higher than three months' rent, one month's prepaid rent, and charge a reasonable late rent fee. Landlords are required to give 30 days' written notice of the termination of the lease agreement.
Monterey, CA has a population of 28,575 according to the most recent data from the U.S. Census Bureau. 14,650 of Monterey’s residents are women and 13,925 are men. The median age of those who live in Monterey, CA is 36.9.
Monterey has several shopping opportunities for renters to explore. Monterey Del Monte Shopping Center, the largest mall in the Monterey Peninsula, is an open-air retail complex with brand-name shops such as H&M, Forever 21, Banana Republic, Claire's, GAP, and J. Jill. The local Cannery Row is a unique shopping hub with luxury hotels, restaurants, and local shops and boutiques located in the revitalized canning companies Monterey used to be known for. For grocery and home goods shopping renters usually head to chain stores like Target, Macy's, Costco, Marshalls, Kohl's, The Home Depot, Trader Joe's, Whole Foods, and Safeway. The Old Monterey Marketplace and Farmers Market has local produce, crafts, and food that renters can buy on specific days.
According to U.S. Census data, there are 12,373 households in Monterey, CA. 5,801 are family households and 6,572 are non-family households. There are 2,189 households with children in Monterey and 10,184 households without children. On average, about 2.1 people live in a household in Monterey, CA.
While several transportation options are available in the area, renters in Monterey will find a car the quickest and easiest way to get around, as commuting times are relatively short. California State Route 1 and 68 and U.S. Route 101 provide commuting renters access to neighboring cities, though these roads may become congested during peak tourist season. Public bus service is provided by Monterey-Salinas Transit, which also runs MST Trolley during summer to help renters avoid parking and traffic congestion. Carpooling is also popular, with renters using Uber and Lyft as the leading ridesharing providers. As a coastal tourist city, Monterey is pedestrian and bike-friendly, with several bike lanes, waterfront trails, and off-road tracks used by both local renters and visitors for recreation, sightseeing, and transportation. The small regional Monterey Regional Airport connects the city to the large metropolitan areas in California, Arizona, Colorado, and Nevada. International airports close to Monterey are Mineta San Jose International Airport, San Francisco International Airport, and Oakland International Airport. A shuttle service Monterey Airbus provides transport to and from these international airports.
The level of education of the population of Monterey, CA is as follows: 3% have no high school education, 14% completed some high school, 24% partially completed college, 9% have an Associate Degree, 29% have a Bachelor Degree, and 21% have a Graduate Degree.
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