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?
$2,088/month
Average Rent
623 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of February 2025, the average rent in Monterey, CA is $2,088 per month. This is 34% higher than the national average rent price of $1,557/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 $1,772 per month for a studio, $2,088 for a one-bedroom apartment, and around $2,754 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,945 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 1%, which averages out to $21 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 February 2025
Legend
2024
2025
Rent Ranges in Monterey, CA
Last Updated February 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
37%
$1,501 - $2,000/month
54%
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, Old Town and Villa Del Monte 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, New Monterey and Villa Del Monte 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 New Monterey, Casanova Oak Knoll and Monterey Vista .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Monterey, CA?
Because the average rent in Monterey is $2,088, you’ll want to make about $6,960 per month or $83,520 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
$1,675/month
One Bedroom
$1,946/month
$2,095/month
Two Bedroom
$2,919/month
$2,864/month
Three Bedroom
-
$3,176/month
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Methodology
† 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.
* Percentages may not total 100 due to rounding.