Rentometer, Inc. | Data as of 10/24/2025
Monterey, nestled along the iconic California coastline, offers a blend of historic charm and vibrant marine culture that makes it a coveted destination for renters. From the bustling waterfront of Cannery Row to the tranquil neighborhoods of Pacific Grove and the upscale district of Monterey Plaza, the city provides a diverse array of living environments. Residents enjoy proximity to world‑class attractions such as Monterey Bay Aquarium, scenic coastal trails, and a lively downtown dining scene, all while benefiting from a moderate climate that encourages outdoor activities year‑round.
The local rental market reflects this desirability, featuring a balanced mix of modern apartments and classic single‑family homes. Studio apartments typically fall in the $1,800‑$2,000 range, making them an attractive entry point for professionals and students. As families seek more space, three‑bedroom houses often exceed the $4,500 mark, offering ample room and often stunning ocean views. Whether you prefer a sleek downtown loft, a family‑friendly home in the historic Belvedere district, or a beachfront property with direct access to the Pacific, Monterey’s rental inventory accommodates a variety of lifestyle needs.
Beyond the amenities, Monterey’s strong sense of community and excellent schools contribute to a high quality of life for renters. Easy access to Highway 1 and public transit connects residents to nearby tech hubs such as Silicon Valley and the scenic Monterey Peninsula. With its blend of cultural attractions, natural beauty, and flexible housing options, Monterey continues to attract renters seeking a dynamic yet relaxed coastal lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,926 | $1,850 | $1,200 - $2,500 | $1,825 - $2,500 |
| Apartment | 1 Bedroom | $2,118 | $2,237 | $900 - $2,900 | $1,985 - $2,436 |
| Apartment | 2 Bedroom | $2,928 | $3,025 | $890 - $3,950 | $2,650 - $3,315 |
| Apartment | 3 Bedroom | $2,984 | $3,510 | $1,600 - $3,842 | $1,600 - $3,842 |
| House | 1 Bedroom | $2,324 | $2,275 | $950 - $3,050 | $2,195 - $2,950 |
| House | 2 Bedroom | $3,628 | $3,450 | $2,900 - $5,800 | $3,225 - $4,000 |
| House | 3 Bedroom | $4,454 | $4,250 | $2,250 - $6,500 | $3,900 - $4,850 |
| House | 4+ Bedroom | $6,072 | $5,950 | $4,600 - $7,500 | $5,595 - $6,500 |
In the current period, the average rent in Monterey was $1,874 for Studio, $2,146 for 1 Bedroom, $3,162 for 2 Bedroom, $4,377 for 3 Bedroom, and $6,087 for 4+ Bedroom.
Data provided by Rentometer, Inc.