17 Hours Ago
Location
557 Spencer Street, Monterey, California 93940, United States|New Monterey
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Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 750 sqft | $2,850 /mo | 1 unit available | Property Address: 557 Spencer St., Monterey, Ca. 93940 This 2 bedroom, 1 bathroom apartment is close to DLI, Cannery Row, restaurants and more. • Beds/Baths: 2 BD / 1 BA • Ground Floor Front Unit • Square Feet: 750 • Available: NOW • Monthly Rent $2650.00 • Security Deposit $2650.00 Amenities • Owner Pays Sewer. • Tenant Pays Gas, Electric, Water & Trash. • 1 Carport Parking Space. • Stove & Refrigerator. • Coin-Op Laundry On-Site. 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 Dog up to 20lbs OK with an additional $500.00 Deposit and a $50.00 per month pet rent. Cat or Dog must be at least one year old. All tenants much carry Renters Insurance during duration of tenancy. Available for viewing, Mon-Fri 9:00 a.m.- 4:00 p.m. For more information please call our office, 831-646-1070 CalDRE #01131676 |
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Amenities for RM557S
Apartment Amenities
| Carpet | Carport Storage |
| Gas Heat |
Appliances
| Electric Range | Garbage Disposal |
| Range |
Building
| Coin Op Laundry On-site | Dogs OK |
| Onsite Laundry |
Grounds
| Storage |
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
Cat Policy
Not allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 4 |
|---|
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About RM557S
Property Address: 557 Spencer St., Monterey, Ca. 93940 This 2 bedroom, 1 bathroom apartment is close to DLI, Cannery Row, restaurants and more. • Beds/Baths: 2 BD / 1 BA • Ground Floor Front Unit • Square Feet: 750 • Available: NOW • Monthly Rent $2650.00 • Security Deposit $2650.00 Amenities • Owner Pays Sewer. • Tenant Pays Gas, Electric, Water & Trash. • 1 Carport Parking Space. • Stove & Refrigerator. • Coin-Op Laundry On-Site. 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 Dog up to 20lbs OK with an additional $500.00 Deposit and a $50.00 per month pet rent. Cat or Dog must be at least one year old. All tenants much carry Renters Insurance during duration of tenancy. Available for viewing, Mon-Fri 9:00 a.m.- 4:00 p.m. For more information please call our office, 831-646-1070 CalDRE #01131676
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 RM557S compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Pet friendly
- This property allows pets
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Rent trends in New Monterey
2-bedroom apartments at RM557S cost about 1% more than the average rent price for 2-bedroom apartments in New Monterey.
Median rents as of Dec 6 2025.
New Monterey
Monterey
| Month | Median Rent |
|---|---|
| December 2023 | $1,395 |
| January 2024 | $1,395 |
| February 2024 | $1,395 |
| March 2024 | $1,483 |
| April 2024 | $1,395 |
| May 2024 | $1,395 |
| June 2024 | $1,421 |
| July 2024 | $1,395 |
| August 2024 | $1,395 |
| September 2024 | $1,395 |
| 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 | $1,395 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,862 |
| July 2024 | $1,806 |
| August 2024 | $1,812 |
Affordability calculator
Can I afford to live at 557 Spencer Street?
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
$114,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $114,000 annually to afford this 2-bedrooms monthly rent price of $2,850.
For more information on rent affordability, visit our rent calculator.
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Internet available near RM557S
Neighborhood
New Monterey | Monterey, CA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Monterey near 557 Spencer Street
Walking
6/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is accessible to thoroughfares and has ample 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 557 Spencer Street, Monterey
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
3/10
Few or no bars within walking distance
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