Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Monterey, CA Rental Market Trends
What is the average rent in Monterey?
The average rent for an apartment in Monterey is $2,374. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Monterey, CA
Last updated July 2022
| Average Rent | Average Apartment Size |
|---|---|
| $2,374 | 786 sq. ft. |
What is the average apartment size in Monterey?
The average size for a Monterey, CA apartment is 786 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Monterey, CA Apartment Rent Ranges
Monterey, CA Occupied Housing Units
8,134 or 66% of the households in Monterey, CA are renter-occupied while 4,239 or 34% are owner-occupied.
Monterey, CA Rent Trends
| Average Rent | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Mar / 2022 | Jul / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Monterey, CA | $2,172 | $2,234 | $2,157 | $2,134 | $2,174 | $2,184 | $2,263 | $2,351 | $2,323 | $2,374 |
| National | $1,407 | $1,415 | $1,416 | $1,406 | $1,410 | $1,418 | $1,501 | $1,596 | $1,634 | $1,706 |
How Monterey Compares to Other Cities
| City | Average Rent |
|---|---|
| Los Angeles | $2,734 |
| San Francisco | $3,397 |
| East Bay | $2,570 |
| San Diego | $2,916 |
| Long Beach | $2,565 |
| San Jose | $2,972 |
| Oakland | $2,816 |
| Sacramento | $1,851 |
| Santa Monica | $3,958 |
| Mountain View | $3,373 |
| Sunnyvale | $3,075 |
| Palo Alto | $3,704 |
| San Mateo | $3,456 |
| Menlo Park | $4,158 |
| Santa Clara | $3,093 |
| Fremont | $2,744 |
| Redwood City | $3,413 |
| Hayward | $2,335 |
| Campbell | $2,833 |
| Belmont | $2,707 |
| Monterey | $2,374 |
Most Popular Apartments in Monterey
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Monterey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.