Apartments for Rent in Monterey, CA

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

The best apartments in Monterey, CA are: 501 Lighthouse Avenue - Monterey, 620, 624 McClellan Avenue - Monterey, Los Arboles Apartments, 131 Lighthouse Avenue - Monterey and 464 Ramona Avenue - Monterey.

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

The price range for a 1-bedroom apartment in Monterey, CA is between $2,350 and $2,975.

In Monterey, 64% of the residents are renting compared to 36% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Monterey's rentals, 68% are small-scale complexes with under 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.