Zumper
modified
2 Days 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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Contact

Management

Torrente Property Management

Leasing office

(844) 326-6969 ext. 5424

Property Overview

473 Monroe Street #4 benefits from a prime location and features one assigned carport space, ensuring convenience for residents. The property includes a shared on-site laundry room and has been updated with new flooring throughout, enhancing its appeal. Overall, it offers a balanced combination of accessibility and modern upgrades, making it an attractive option in the area.

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.

Zumper Expert Rating

8.1
Very Good
With a solid 8.1 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.

Things you’ll love

  • High school nearby
  • Middle school nearby

Great for

  • Social life
  • Eco living

Floor plans

473 Monroe Street #4 - 11 bed1 bath525 sqft$2,250 /moBright 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

Contact for more information on pet policy.

Required one-time fees

Security Deposit$0
Building details

Property details

Units1
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About 473 Monroe Street #4

HomeApartments in MontereyOld Town 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.
8.1
/10
Very Good
With a solid 8.1 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.
How we rated 473 Monroe Street #4
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.
473 Monroe Street #4 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·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:

Social life

  • 170 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • 35 theaters, music venues, or sports arenas nearby
  • Diverse age groups live in this area

Eco living

  • 35 parks within a mile
  • You can get around by foot in this area
  • On-site recycling or composting options
  • Public transit available nearby

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 3% more than the average rent price for 1-bedroom apartments in Old Town.

Median rents as of Oct 4 2025.
Old Town
Monterey
A table of 1-bedroom apartment rental data trends in Monterey
MonthMedian Rent
October 2023$2,112
November 2023$2,033
December 2023$2,017
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$2,185
A table of 1-bedroom apartment rental data trends in Old Town
MonthMedian Rent
October 2023$2,100
November 2023$2,000
December 2023$1,987
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

Affordability calculator

Can I afford to live at 473 Monroe St?

Bedrooms

1 bedroom

Rent-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

$90,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $90,000 annually to afford this 1-bedroom monthly rent price of $2,250.
For more information on rent affordability, visit our rent calculator.

Schools near 473 Monroe Street #4

Monte Vista

251 soledad dr

monterey, CA, 93940

K-8Public
B+
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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 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

6/10
At least one elementary school within a 20-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Nightlife

4/10
Few or no bars within walking distance

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