7 Hours Ago
Location
557 Spencer St, Monterey, CA 93940, USA|New Monterey
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Property Overview
RM557S is rated highly at 8.6 out of 10, reflecting its strong appeal to renters. Its exceptional price and amenities ratings indicate a competitive offering with an impressive range of features, including gas heating. With a prime location that is close to schools, public transport, and numerous restaurants and entertainment venues, the property also emphasizes social engagement and pet friendliness, enhancing the overall living experience.
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
Middle school nearby- Elementary school nearby
- Laundry available on site
Great for
Social life
Pet owners
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 600 sqft | $2,200 /mo | 1 unit available | Property Address: 557 Spencer St., Monterey, Ca. 93940 Description: This 1 bedroom, 1 bathroom apartment is close to DLI, Cannery Row, Rec. Trails, restaurants and more. • Beds/Baths: 1 BD / 1 BA • 2nd Floor Above Carports • Square Feet: 600 • Available: 7/08/26 • Monthly Rent $2200.00 • Security Deposit $2200.00 Amenities • Owner Pays Sewer. • Tenant Pays Gas, Electric, Water & Trash. • 1 Carport Parking Space. • New Pergo Flooring. • 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 dog OR cat up to 20lbs OK with an additional $50.00 per month pet rent. Pet must be at least one year old. All Tenants are required to carry Renter's Insurance throughout tenancy. CalDRE #01131676 |
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Amenities for RM557S
Apartment Amenities
| Blinds | Gas Heat |
Appliances
| Electric Range | Range |
Building
| Coin Op Laundry On-site | Onsite Laundry |
Grounds
| Storage |
Other
| Small Pet Negotiable |
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
Building details
Property details
| Units | 4 |
|---|
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About RM557S
Property Address: 557 Spencer St., Monterey, Ca. 93940 Description: This 1 bedroom, 1 bathroom apartment is close to DLI, Cannery Row, Rec. Trails, restaurants and more. • Beds/Baths: 1 BD / 1 BA • 2nd Floor Above Carports • Square Feet: 600 • Available: 7/08/26 • Monthly Rent $2200.00 • Security Deposit $2200.00 Amenities • Owner Pays Sewer. • Tenant Pays Gas, Electric, Water & Trash. • 1 Carport Parking Space. • New Pergo Flooring. • 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 dog OR cat up to 20lbs OK with an additional $50.00 per month pet rent. Pet must be at least one year old. All Tenants are required to carry Renter's Insurance throughout tenancy. CalDRE #01131676
RM557S 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 RM557S compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Pet friendly
- This property allows pets
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in New Monterey
1-bedroom apartments at RM557S cost about 0% more than the average rent price for 1-bedroom apartments in New Monterey.
Median rents as of Jun 20 2026.
New Monterey
Monterey
| Month | Median Rent |
|---|---|
| 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 | $1,442 |
| January 2026 | $1,395 |
| February 2026 | $1,395 |
| March 2026 | $1,420 |
| April 2026 | $1,407 |
| May 2026 | $1,395 |
| June 2026 | $1,395 |
| Month | Median Rent |
|---|---|
| July 2024 | $1,806 |
| August 2024 | $1,812 |
| March 2026 | $1,894 |
| April 2026 | $1,878 |
Affordability calculator
Can I afford to live at 557 Spencer St?
Bedrooms
1 bedroomRent-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
$88,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $88,000 annually to afford this 1-bedroom monthly rent price of $2,200.
For more information on rent affordability, visit our rent calculator.
Schools near RM557S
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-
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Internet available near RM557S
Neighborhood
New Monterey | Monterey, CA
Getting around Monterey near 557 Spencer St
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 St, 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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