Monterey, CA Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Monterey is $2,788, a 1.6% increase compared to the previous year, when the average rent was $2,744.
One-bedroom apartments provide 672 square feet for $2,553, balancing privacy and affordability.
Two-beedroom units at $3,102 offer 922 square feet, perfect for roommates or small families.
Average rent in Monterey, CA
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,788 | 786 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,553 | 672 sq. ft. |
| 2 Beds | $3,102 | 922 sq. ft. |
| 3 Beds | n/a | n/a |
Monterey, CA rent trends
Rental prices in Monterey, CA have increased by 1.6% over the past year. The average rent moved from $2,744 to $2,788.
What's the typical rent budget in Monterey, CA?
The largest share of rentals in Monterey, CA (44%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Monterey, CA?
7,716 or 62% of the households in Monterey, CA are renter-occupied while 4,704 or 38% are owner-occupied.
How Monterey Compares to Other Cities
| City | Average Rent |
|---|---|
| Monterey | $2,788 |
| Los Angeles | $2,742 |
| East Bay | $2,684 |
| San Diego | $2,969 |
| San Francisco | $3,792 |
| Oakland | $2,625 |
| Long Beach | $2,684 |
| Sacramento | $1,882 |
| San Jose | $3,170 |
| Alameda | $3,031 |
| Fresno | $1,618 |
| Mountain View | $3,806 |
| Sunnyvale | $3,478 |
| Santa Clara, CA | $3,556 |
| Salinas, CA | $2,433 |
| Campbell, CA | $2,928 |
| Milpitas, CA | $3,216 |
| Santa Cruz, CA | $3,449 |
| Los Gatos, CA | $3,518 |
| Morgan Hill, CA | $3,246 |
| Cupertino, CA | $3,911 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Monterey apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.