Monterey, CA Rental Market Trends
Highlights
The average rent for an apartment in Monterey is $2,234, a 10% increase compared to the previous year, when the average rent was $2,037.
Average Rent in Monterey, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,234 | 10% | 787 sq. ft. |
The average size for a Monterey, CA apartment is 787 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
- $1,001-$1,5005%
- $1,501-$2,00016%
- > $2,00080%
Monterey, CA Occupied Housing Units
- Renter-occupied Households51%
- Owner-occupied Households48%
6,093 or 51% of the households in Monterey, CA are renter-occupied while 5,633 or 48% are owner-occupied.
Monterey, CA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Monterey, CA | $1,830 | $1,909 | $1,905 | $1,951 | $1,951 | $2,037 | $2,024 | $2,172 | $2,234 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Monterey Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,546 | 4% |
| San Francisco | $3,688 | 2% |
| San Diego | $2,223 | 2% |
| Long Beach | $2,124 | 6% |
| Sacramento | $1,442 | 5% |
| Salinas | $1,709 | 2% |
| Monterey | $2,234 | 10% |
| Seaside | $2,058 | 4% |
| Marina | $1,882 | 5% |
| Pacific Grove | $2,192 | 1% |
| Pleasure Point | $2,370 | -2% |
For more information about the Monterey rental trends, check out our monthly rent report
Check out California Cities, California Neighborhoods and California Zip Codes for more details on verified listings, including the California Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!