3 Hours Ago
Location
557 Spencer St, Monterey, CA 93940, USA|New Monterey
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Property Overview
RM557S receives a strong Zumper expert rating of 8.6, highlighting its competitive pricing and superior amenities, rated at 9 out of 10. Its prime location offers excellent access to schools and public transport, alongside a vibrant social scene with numerous restaurants and entertainment options within walking distance. Additionally, the property demonstrates a commitment to transparency, earning a trustworthiness rating of 8, making it a reliable choice for potential renters.
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- Middle school nearby
- Laundry available on site
Great for
Social life
Pet owners
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 550 sqft | $2,150 /mo | 1 unit available | Property Address: 557 Spencer St., Monterey, Ca. 93940 NOTE- Photos are older. New Photos will be added soon. • Beds/Baths: 1 BD / 1 BA • 2nd Floor of the Duplex • Square Feet: 550 • Available: 3/2/26 • Monthly Rent $2,150.00 • Security Deposit $2,150.00 Description: This unit 2nd floor end unit is located close to Cannery Row, Monterey Bay Aquarium, beaches, and DLI. Amenities • Owner Pays Sewer. • Tenant Pays Gas, Electric, Garbage & Water. • 1 Carport Parking Space. • Pergo Flooring throughout unit. • Electric Stove & Refrigerator. • Gas Heating. • Next door to a Hoffman / Archer Park 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, at least one years old, up to 20lbs OK with an additional $50.00 per month pet rent. For more information, please visit our website at www CosentinoRealty Com or call Columbus Property Management at 831-646-1070. CalDRE #01131676 |
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Amenities for RM557S
Apartment Amenities
| Blinds | Gas Heat |
Appliances
| Electric Range | 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 NOTE- Photos are older. New Photos will be added soon. • Beds/Baths: 1 BD / 1 BA • 2nd Floor of the Duplex • Square Feet: 550 • Available: 3/2/26 • Monthly Rent $2,150.00 • Security Deposit $2,150.00 Description: This unit 2nd floor end unit is located close to Cannery Row, Monterey Bay Aquarium, beaches, and DLI. Amenities • Owner Pays Sewer. • Tenant Pays Gas, Electric, Garbage & Water. • 1 Carport Parking Space. • Pergo Flooring throughout unit. • Electric Stove & Refrigerator. • Gas Heating. • Next door to a Hoffman / Archer Park 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, at least one years old, up to 20lbs OK with an additional $50.00 per month pet rent. For more information, please visit our website at www CosentinoRealty Com 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.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, RM557S is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, RM557S 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·10A 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.
RM557S offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
RM557S goes above and beyond to provide sought-after conveniences and desirable perks, including coin op laundry on-site. Renters looking for popular or luxurious features will find them here—and for that reason, RM557S 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.
RM557S 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 RM557S 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.
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
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Middle school nearby
- There is a middle school 1 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 the same as the average rent price for 1-bedroom apartments in New Monterey.
Median rents as of Feb 21 2026.
New Monterey
Monterey
| Month | Median Rent |
|---|---|
| March 2024 | $1,513 |
| 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 | $1,442 |
| January 2026 | $1,395 |
| February 2026 | $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 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
$86,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $86,000 annually to afford this 1-bedroom monthly rent price of $2,150.
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
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
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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