550 David Ave
550 David Ave,
Monterey, CA 93940
$2,900 | 1 Bed
New Monterey
Monterey, CA
New Monterey - Monterey, CA
Area Guide
Home to one of California’s most popular vacation spots
Tourism
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Bayfront
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Scenic
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Great Location
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Entertainment
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Nestled along Monterey Bay and located just north of downtown, New Monterey is a bustling waterfront locale. New Monterey is home to the famed Cannery Row, one of the Central Coast’s most popular tourism spots. This historic hub for entertainment houses bayside restaurants, art galleries, shopping centers, vintage boutiques, the Monterey Bay Aquarium, and more. New Monterey is surrounded by top golf courses, with the Links at Spanish Bay, the Pacific Grove Golf Links, and the Monterey Peninsula Dunes Golf Course sitting closest to the neighborhood. Residents enjoy having several beaches in their neighborhood and if you’re lucky might see a few whales out in the distance. This upscale, resort-like neighborhood includes low-rise apartments and condos as well as cute beach cottages, many with a view of the Monterey Bay.
Rent Trends
As of March 2025, the average apartment rent in New Monterey is $1,847 for a studio, $1,972 for one bedroom, $1,900 for two bedrooms, and $2,358 for three bedrooms. Apartment rent in New Monterey has increased by 1.9% in the past year.
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Studio
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383 sq ft
Average Sq Ft
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$1,847/month
Average Rent
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1 BR
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599 sq ft
Average Sq Ft
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$1,972/month
Average Rent
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2 BR
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846 sq ft
Average Sq Ft
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$1,900/month
Average Rent
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3 BR
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1,150 sq ft
Average Sq Ft
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$2,358/month
Average Rent
Transportation
88
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
32
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
68
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Monterey Bay Aquarium
- Hopkins Marine Station
- Pacific Grove Museum of Natural History
- Monterey Maritime Museum
- Monterey State Historic Park
Military Bases
Airports
- Monterey Regional
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.