Atlantic Times Square
580 N Atlantic Blvd,
Monterey Park, CA 91754
2-3 Beds | $3,500 - $4,000
Rental Market Trends in Monterey Park, CA
What is the average rent in Monterey Park, CA?
$1,508/month
Average Rent
371 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of December 2024, the average rent in Monterey Park, CA is $1,508 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Monterey Park rent prices are 3% lower than the national average. When you rent an apartment in Monterey Park, you can expect to pay about $1,103 per month for a studio, $1,508 for a one-bedroom apartment, and around $1,764 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,970 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 Park, CA?
In the past year, rent has increased by 0.8%, which averages out to $12 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 December 2024
Legend
2023
2024
Rent Ranges in Monterey Park, CA
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
7%
$700 - $1,000/month
37%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
23%
Above $2,000/month
What salary do I need to live comfortably in Monterey Park, CA?
Because the average rent in Monterey Park is $1,508, you’ll want to make about $5,026 per month or $60,312 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 Park, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Monterey Park, 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.
Nearby City Rent Trends
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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.