Seagrove
1105 Broadway Avenue,
Seaside, CA 93955
1-3 Beds | $3,016 - $4,981
Rental Market Trends in Monterey, CA
What is the average rent in Monterey, CA?
$2,256/month
Average Rent
623 Sq Ft
Average Apartment Size
+8.4%
Increase in the Last Year
As of March 2025, the average rent in Monterey, CA is $2,256 per month. This is 45% higher than the national average rent price of $1,559/month, making Monterey one of the most expensive cities in the US. When you rent an apartment in Monterey, you can expect to pay about $1,767 per month for a studio, $2,256 for a one-bedroom apartment, and around $2,835 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,950 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Monterey, CA?
In the past year, rent has increased by 8.4%, which averages out to $189 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Monterey, CA
Last Updated March 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
9%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
57%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Monterey?
Based on current rent prices, Monterey Vista, New Monterey and Old Town are the most affordable neighborhoods in Monterey.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Monterey?
Based on current rent prices, Casanova Oak Knoll, Old Town and New Monterey are the most expensive neighborhoods in Monterey.
Neighborhood
Average Rent
Average Sq Ft
Which Monterey neighborhoods have the most rentals available?
The neighborhoods in Monterey with the most apartments available are Casanova Oak Knoll, Monterey Vista and New Monterey .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Monterey, CA?
Because the average rent in Monterey is $2,256, you’ll want to make about $7,520 per month or $90,240 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Monterey, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Monterey, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,795/month
$1,694/month
One Bedroom
$1,946/month
$2,127/month
Two Bedroom
$2,760/month
$3,053/month
Three Bedroom
-
$3,114/month
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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.
* Percentages may not total 100 due to rounding.