Updated 16 Hours Ago
Highlights
Pet Friendly
- Private balcony
- Tenant pays: water, gas, electric
Location
470 Spencer St, Monterey, CA 93940, USA|New Monterey
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Property Overview
RM470S offers strong overall value, with an 8.3 Zumper Expert Rating supported by excellent price, amenities, and location scores, plus solid trustworthiness. It also stands out for a private balcony, nearby outdoor spaces, and features that may appeal to pet-related convenience and an active social setting, with several restaurants, cultural venues, and entertainment options close by.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Eco-friendly trash disposal
- Laundry available on site
Great for
Pet owners
Social life
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 750 sqft | $2,800 /mo | 1 unit available | Property Address: 470 Spencer Street, Monterey, Ca. 93940 • Beds/Baths: 2 BD/1 BA • Ground Floor Unit • Square Feet: 750 • Available: 10/05/24 • Monthly Rent $2800.00 • Security Deposit $2800.00 Description: This unit is a ground floor end unit close to Cannery Row, Rec. trial, downtown shopping and DLI. Amenities: • Owner Pays Sewer. • Tenant Pays Water, Garbage, Gas & Electric. • 1 Carport Parking Space. • Pergo & Tile Flooring. • Stove & Refrigerator. • Coin-Op Laundry Room. Application Requirements: • Income: Must be at least 3 times the amount of rent. • Application Fee: $40.00 • Rental History / References • Credit Check (Satisfactory and Current) Pet Policy: One Cat OR One dog up to 20lbs OK with an additional $50.00 per month pet rent. Dog OR Cat must be at least one year old. **All Tenants must carry Renters Insurance during duration of tenancy** For more information please visit our website at www CosentinoRealty Net or call Columbus Property Management at 831-646-1070. CalDRE #01131676 |
Let's explore this property.
Amenities for RM470S
Apartment Amenities
| Blinds |
Appliances
| Electric Heat | Electric Range |
| Range |
Building
| Cats OK | Coin Op Laundry On-site |
| Dogs OK | Onsite Laundry |
Grounds
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 5 |
|---|
About RM470S
Property Address: 470 Spencer Street, Monterey, Ca. 93940 • Beds/Baths: 2 BD/1 BA • Ground Floor Unit • Square Feet: 750 • Available: 10/05/24 • Monthly Rent $2800.00 • Security Deposit $2800.00 Description: This unit is a ground floor end unit close to Cannery Row, Rec. trial, downtown shopping and DLI. Amenities: • Owner Pays Sewer. • Tenant Pays Water, Garbage, Gas & Electric. • 1 Carport Parking Space. • Pergo & Tile Flooring. • Stove & Refrigerator. • Coin-Op Laundry Room. Application Requirements: • Income: Must be at least 3 times the amount of rent. • Application Fee: $40.00 • Rental History / References • Credit Check (Satisfactory and Current) Pet Policy: One Cat OR One dog up to 20lbs OK with an additional $50.00 per month pet rent. Dog OR Cat must be at least one year old. **All Tenants must carry Renters Insurance during duration of tenancy** For more information please visit our website at www CosentinoRealty Net or call Columbus Property Management at 831-646-1070. CalDRE #01131676
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, RM470S is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, RM470S has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
RM470S stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
RM470S goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, RM470S receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
RM470S is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While RM470S does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
RM470S is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How RM470S compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 miles away
- Eco-friendly trash disposal
- This property has recycling pickup
- Laundry available on site
- Washers and dryers are available in-building
- Outdoor space
- Easy access to the outdoors
- Pet friendly
- This property allows pets
Considerations
- Lacks images
- Fewer than 5 photos available for this property
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Rent trends in New Monterey
2-bedroom apartments at RM470S cost about 3% more than the average rent price for 2-bedroom apartments in New Monterey.
Median rents as of Oct 10 2026.
New Monterey
Monterey
| Month | Median Rent |
|---|---|
| October 2024 | $1,395 |
| November 2024 | $1,395 |
| December 2024 | $1,395 |
| January 2025 | $1,395 |
| February 2025 | $1,395 |
| March 2025 | $1,395 |
| April 2025 | $1,611 |
| May 2025 | $1,471 |
| June 2025 | $1,395 |
| July 2025 | $1,395 |
| August 2025 | $1,395 |
| September 2025 | $1,547 |
| October 2025 | $1,395 |
| November 2025 | $1,395 |
| December 2025 | $1,442 |
| January 2026 | $1,395 |
| February 2026 | $1,395 |
| March 2026 | $1,420 |
| April 2026 | $1,407 |
| May 2026 | $1,395 |
| June 2026 | $1,395 |
| July 2026 | $1,395 |
| August 2026 | $1,471 |
| September 2026 | $1,534 |
| October 2026 | $1,395 |
| Month | Median Rent |
|---|---|
| March 2026 | $1,894 |
| April 2026 | $1,878 |
Affordability calculator
Can I afford to live at 470 Spencer St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$112,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $112,000 annually to afford this 2-bedrooms monthly rent price of $2,800.
For more information on rent affordability, visit our rent calculator.
Schools near RM470S
Monte Vista
251 soledad dr
monterey, CA, 93940
K-8Public
B+
Child Development Program Naval Support Detachment Monterey
2 la mesa way bldg 439
monterey, CA, 93940
PKPublic
Dual Language Academy of the Monterey Peninsula
225 normandy rd
seaside, CA, 93955
K-8Public
B-
Graves Elementary School
15 mcfadden rd
salinas, CA, 93908
K-8Public
Salinas City Virtual Academy
1210 tyler st
salinas, CA, 93906
K-6Public
C-
Neighborhood
New Monterey | Monterey, CA
Getting around Monterey near 470 Spencer St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 470 Spencer St, Monterey
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a few minutes' walk
Cafes
6/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
8/10
Wide variety of bars within a short drive, including some within walking distance
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