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This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Great for
Apartment Amenities
| Ceiling Fan | Hardwood Floor |
| Utilities Included |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Onsite Laundry |
Grounds
| Assigned Parking | Storage |
Services
| On-Site Management |
One-time.
One-time. Refundable.
Assigned Parking
No pets allowed.
| Lease terms | 12+ months |
|---|
Lease Pending. Initial Info. Available now. Property Summary. Welcome to this well-located 2-bedroom, 1-bath apartment in the desirable Oak Grove neighborhood of Monterey. The apartment features a bright living space, a practical kitchen and generously sized bedrooms. Offering a comfortable and functional layout. This property places you close to local shops, dining and everyday conveniences, while still offering a quiet residential feel. The location is especially convenient to the Naval Postgraduate School, Monterey Peninsula College, downtown Monterey and nearby beaches, making commuting and recreation effortless. This apartment offers a great opportunity to enjoy Monterey living in a central and convenient location. Number of bedrooms: two (2) Number of baths: one (1.0) Square footage of the 775. Square footage of the lot: 4000. Floor plan type: single level. Type of parking: Street and carport. Laundry: in-unit. Utilities included: Utilities are not included in rent. Pets are not allowed. Application Requirements. Meet company qualifying requirements. Able to take possession of property within 25 days of availability date. Must have excellent credit, employment and rental history background. Favorable responses from references. Evidence that applicant has the financial ability to pay the rent along with their other obligations. Proof of income showing a rent to income ratio of 3 to 1 in the form of pay stubs, W-2 form, tax returns, bank statements, Les or other documents. We are unable to process applications if the Findigs application or PetScreening profile is incomplete or missing or if not all applicants have applied. Incorrect/misinformation/missing information may delay the processing of your application or may disqualify you as a prospective renter. All verifiable sources of income will be considered. Pursuant to Cal. Govt. Code 12955(o), for applicants with rental vouchers or subsidies, the income threshold will be calculated based on the amount of rent that will be paid by the tenant (not the entire rent amount). Fees And Initial Payments. Application fee: $59/adult. Lease admin fee: $350, due at signing. First month's rent: $2995, due at signing. Security deposit: $2995, due at signing. Upon Approval. Proof of renter's insurance (minimum $100,000 liability and $25,000 contents coverage) with landlord named as additional insured (note that the cost of this coverage is approximately $250 per year) is required of all residents. Renter's insurance Declaration Page to be submitted in conjunction with signing the rental agreement. This property is being offered for rent by Monterey Bay Property Management and will be fully managed by the property owner following tenant acceptance and placement. We operate on a first come, first served and first qualified basis. Your security is important to us. Agent Info. Name: Kierstan Burritt. CalDRE #: 02041928. Monterey Bay Property Management provides housing opportunities without regard to the perception that one is from a protected class or is associated with one from a protected class or any classification protected by applicable federal, state or local law or any other arbitrary reason. Sewage, Dishwasher, Washer, Dryer, Garbage Disposal, Range Oven, Refrigerator, Ceiling Fan, Storage Space, Hardwood & Forced Air. Provided by rentalsource com
How 1250 5th St compares to other nearby properties.
Positives
Considerations
| Zip code | 93940 |
|---|---|
| Type | Apartment for rent |
2-bedroom apartments at 1250 5th St cost about 7% more than the average rent price for 2-bedroom apartments in Monterey.
| Month | Median Rent |
|---|---|
| September 2024 | $2,748 |
| October 2024 | $2,792 |
| November 2024 | $2,943 |
| December 2024 | $2,949 |
| January 2025 | $2,759 |
| February 2025 | $2,881 |
| March 2025 | $3,040 |
| April 2025 | $3,091 |
| May 2025 | $2,926 |
| June 2025 | $2,837 |
| July 2025 | $2,850 |
| August 2025 | $2,821 |
| September 2025 | $2,876 |
| October 2025 | $2,953 |
| November 2025 | $2,883 |
| December 2025 | $2,837 |
| January 2026 | $2,970 |
| February 2026 | $2,928 |
| March 2026 | $2,972 |
| April 2026 | $2,956 |
| May 2026 | $3,147 |
| June 2026 | $3,068 |
| July 2026 | $2,999 |
| August 2026 | $2,882 |
| September 2026 | $2,850 |
| 3 months ago | $2,995 |
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