1 Day Ago
Location
724 Spencer St, Monterey, CA 93940, USA|New Monterey
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Property Overview
RM724S offers strong overall value with an 8.5/10 expert rating, highlighted by a premier 10/10 amenities score and excellent 9/10 marks for both price and location, plus a solid trustworthiness rating. Carpet and vinyl flooring, nearby highly rated elementary and middle schools, and strong value per square foot add practical appeal. The area supports a vibrant social life with abundant restaurants, venues, and mixed-use spaces, while pet owners benefit from nearby pet services and available outdoor spaces.
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
Middle school nearby- More space
- Elementary school nearby
Great for
Pet owners
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 600 sqft | $2,495 /mo | 1 unit available | Property Address: 724 Spencer St., Monterey, Ca. 93940 • 1 Bedroom 1 bathroom • 2nd Floor Unit • Square Feet: 600 • Available: NOW • Monthly Rent $2495.00 • Security Deposit $2495.00 Description: This 1 bedroom, 1 bathroom apartment is located on the 2nd floor. Close to restaurants, shopping, beaches, D.L.I and Cannery Row. Large private deck with ocean views. Amenities • Owner Pays Garbage & Sewer. • Tenant Pays Gas, Electric & Water. • 1 Carport Parking Space • Carpet & Vinyl Flooring. • Electric Stove, Refrigerator, Dishwasher & Microwave. • Coin-Op Laundry Room On-Site. Application Requirements • Income: Must be at least 3 times the amount of rent. • Application Fee: $40.00 • Rental History / References • Credit Check (Current & Satisfactory) Pet Policy: One dog OR cat up to 20lbs OK with an additional $50.00 per month pet rent. Dog OR cat must be at least 1 year old. *All tenants required to 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 |
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Amenities for RM724S
Apartment Amenities
| Blinds | Carpet |
| Private Deck/Patio |
Appliances
| Dishwasher | Electric Heat |
| Electric Range | Garbage Disposal |
| Microwave | Range |
Building
| Coin Op Laundry On-site | Dogs OK |
| Onsite Laundry |
Grounds
| Storage |
Services
| Trash Paid |
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 RM724S
Property Address: 724 Spencer St., Monterey, Ca. 93940 • 1 Bedroom 1 bathroom • 2nd Floor Unit • Square Feet: 600 • Available: NOW • Monthly Rent $2495.00 • Security Deposit $2495.00 Description: This 1 bedroom, 1 bathroom apartment is located on the 2nd floor. Close to restaurants, shopping, beaches, D.L.I and Cannery Row. Large private deck with ocean views. Amenities • Owner Pays Garbage & Sewer. • Tenant Pays Gas, Electric & Water. • 1 Carport Parking Space • Carpet & Vinyl Flooring. • Electric Stove, Refrigerator, Dishwasher & Microwave. • Coin-Op Laundry Room On-Site. Application Requirements • Income: Must be at least 3 times the amount of rent. • Application Fee: $40.00 • Rental History / References • Credit Check (Current & Satisfactory) Pet Policy: One dog OR cat up to 20lbs OK with an additional $50.00 per month pet rent. Dog OR cat must be at least 1 year old. *All tenants required to 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.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, RM724S is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, RM724S has a number of attractive features—namely its Amenities— 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.
RM724S 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·10A 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.
RM724S stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—dogs allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
RM724S 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 RM724S 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.
RM724S 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 RM724S compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- More space
- The 1-bedroom is 125 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Dishwasher
- Dishwasher available in kitchen
- Fireplace
- Upgraded in-unit features
- 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 RM724S cost about 13% more than the average rent price for 1-bedroom apartments in New Monterey.
Median rents as of Apr 25 2026.
New Monterey
Monterey
| Month | Median Rent |
|---|---|
| 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 |
| March 2026 | $1,420 |
| April 2026 | $1,407 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,862 |
| July 2024 | $1,806 |
| August 2024 | $1,812 |
| March 2026 | $1,894 |
| April 2026 | $1,878 |
Affordability calculator
Can I afford to live at 724 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
$99,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $99,800 annually to afford this 1-bedroom monthly rent price of $2,495.
For more information on rent affordability, visit our rent calculator.
Schools near RM724S
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 RM724S
Neighborhood
New Monterey | Monterey, CA
Getting around Monterey near 724 Spencer St
Walking
5/10
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 724 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
6/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
7/10
At least one elementary school within a 20-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
4/10
Few or no bars within walking distance
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