1 Day Ago
Highlights
- Prime location
- One assigned carport space
- Shared on-site laundry room
- New flooring throughout
Location
473 Monroe St, Monterey, CA 93940, USA|Old Town
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Property Overview
473 Monroe Street #4 is highly rated with an overall Zumper score of 8.4, reflecting its competitive pricing and excellent value relative to amenities and location. The property features new flooring, an assigned carport space, and shared laundry facilities, while its prime location offers easy access to diverse recreation options and public transport. It is recognized for fostering a vibrant social life and commitment to environmental sustainability, making it a standout choice for renters seeking a well-rounded living experience.
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
High school nearby- Middle school nearby
Great for
Eco living
Social life
Floor plans
| 473 Monroe Street #4 - 1 | 1 bed | 1 bath | $2,100 /mo | Bright 1 Bedroom 1 Bath in Monterey Welcome to your new home near the heart of Monterey! This freshly updated 1-bedroom / 1-bath unit is perfectly situated just a short distance from downtown Monterey. A superb location. This home has new flooring throughout, Refrigerator, stove and microwave included, Sunny balcony to enjoy fresh air & natural light, Shared on-site laundry room, 1 assigned carport space, 1 storage space in carport, One-year lease, Owner pays sewer; tenant responsible for electricity, gas, water, trash, etc. Just minutes away, NPS is an advanced graduate institution operated by the U.S. Navy, focused on defense-oriented research and education. Living so close means an easy commute. Because of the prime location, you are within reach of Monterey's best: Monterey Bay Aquarium a must-see marine life destination right on Cannery Row,Cannery Row & Old Fisherman's Wharf, waterfront shopping, restaurants, and scenic walks, Monterey Museum of Art local art and cultural exhibit |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time.
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Questions about this property’s policies and fees?
Building details
Property details
| Units | 1 |
|---|
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About 473 Monroe Street #4
Bright 1 Bedroom 1 Bath in Monterey Welcome to your new home near the heart of Monterey! This freshly updated 1-bedroom / 1-bath unit is perfectly situated just a short distance from downtown Monterey. A superb location. This home has new flooring throughout, Refrigerator, stove and microwave included, Sunny balcony to enjoy fresh air & natural light, Shared on-site laundry room, 1 assigned carport space, 1 storage space in carport, One-year lease, Owner pays sewer; tenant responsible for electricity, gas, water, trash, etc. Just minutes away, NPS is an advanced graduate institution operated by the U.S. Navy, focused on defense-oriented research and education. Living so close means an easy commute. Because of the prime location, you are within reach of Monterey's best: Monterey Bay Aquarium a must-see marine life destination right on Cannery Row,Cannery Row & Old Fisherman's Wharf, waterfront shopping, restaurants, and scenic walks, Monterey Museum of Art local art and cultural exhibits in the heart of the city, Golden State Theatre historic performing arts venue just a few blocks away, Outdoor & Scenic: explore coastal trails, 17-Mile Drive, Pebble Beach, parks, and more
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.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, 473 Monroe Street #4 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 473 Monroe Street #4 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.
473 Monroe Street #4 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·8A 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.
With multiple in-demand amenities, 473 Monroe Street #4 is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
473 Monroe Street #4 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 473 Monroe Street #4 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.
473 Monroe Street #4 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 473 Monroe Street #4 compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.2 mile away
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Old Town
1-bedroom apartments at 473 Monroe Street #4 cost about 2% less than the average rent price for 1-bedroom apartments in Old Town.
Median rents as of Nov 22 2025.
Old Town
Monterey
| Month | Median Rent |
|---|---|
| December 2023 | $2,008 |
| January 2024 | $1,995 |
| February 2024 | $2,037 |
| March 2024 | $2,122 |
| April 2024 | $2,048 |
| May 2024 | $2,062 |
| June 2024 | $2,096 |
| July 2024 | $2,103 |
| August 2024 | $2,116 |
| September 2024 | $2,092 |
| October 2024 | $2,115 |
| November 2024 | $2,109 |
| December 2024 | $2,093 |
| January 2025 | $2,069 |
| February 2025 | $2,100 |
| March 2025 | $2,114 |
| April 2025 | $2,098 |
| May 2025 | $2,150 |
| June 2025 | $2,114 |
| July 2025 | $2,098 |
| August 2025 | $2,096 |
| September 2025 | $2,145 |
| October 2025 | $2,187 |
| November 2025 | $2,167 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,978 |
| January 2024 | $1,931 |
| April 2024 | $2,350 |
| May 2024 | $2,250 |
| June 2024 | $2,185 |
| July 2024 | $2,175 |
| August 2024 | $2,119 |
| September 2024 | $2,098 |
| October 2024 | $2,195 |
| November 2024 | $2,182 |
| December 2024 | $2,195 |
| January 2025 | $2,146 |
| February 2025 | $2,198 |
| March 2025 | $2,198 |
| April 2025 | $2,181 |
| May 2025 | $2,175 |
| June 2025 | $2,195 |
| July 2025 | $2,195 |
| August 2025 | $2,195 |
| November 2025 | $2,350 |
Affordability calculator
Can I afford to live at 473 Monroe 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
$84,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 1-bedroom monthly rent price of $2,100.
For more information on rent affordability, visit our rent calculator.
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Internet available near 473 Monroe Street #4
Neighborhood
Old Town | Monterey, CA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Monterey near 473 Monroe St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
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
2/10
There are a few mass transit options within the area.
Points of interest for 473 Monroe St, Monterey
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
6/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 473 Monroe St
Troia's Market
350 Pacific St
Trader Joe's
570 Munras Ave
International Market & Deli
580 Lighthouse Ave
Compagno's Market & Deli
2000 Prescott Ave
Elroy's Fine Foods
15 Soledad Dr
Love & Willow Grey Boutique
480 Calle Principal
Fleet Feet
472 Alvarado St
Maryse
490 Alvarado St
The Feral Market
261 Alvarado St
Columbia Sportswear
498 Del Monte Ctr
Jamba
398 Alvarado St
Plumes Coffee House
400 Alvarado St
Starbucks
316 Alvarado St
Red's Donuts
433 Alvarado St
Peet's Coffee
560 Munras Ave
Montrio
414 Calle Principal
Fin + Field Restaurant and Bar
350 Calle Principal
Duffy's Tavern & Family Restaurant
282 High St
Britannia Arms at Monterey
444 Alvarado St
Jacks Monterey
2 Portola Plz
Room For Dessert
420 Pacific St
Parker-Lusseau Pastries
539 Hartnell St
Paris Bakery Cafe
271 Bonifacio Pl
Parker-Lusseau Pastries & Cafe
731 Munras Ave
Perfect Crumb Bakery
301 Lighthouse Ave
Room For Dessert
420 Pacific St
Troia's Market
350 Pacific St
Montrio
414 Calle Principal
El Charrito Express
483 Calle Principal
Fin + Field Restaurant and Bar
350 Calle Principal
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