22 Hours Ago
Highlights
- Excellent location
- Coin-operated laundry
- Plenty of storage
Location
540 Monterey Ave, Morro Bay, CA 93442, USA
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Property Overview
LSWAR540 receives a favorable Zumper Expert Rating, indicating a strong potential for renters. Key advantages include its convenient location and modern amenities, making it an attractive option for diverse lifestyles. Notable features further enhance its appeal, offering unique characteristics that stand out in the market.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby
Floor plans
| 0BR/1.0BA | Studio | 1 bath | $2,050 /mo | 1 unit available | This large upstairs studio apartment has great views of Morro Rock! It is in an excellent location, near both the Embarcadero and downtown Morro Bay. A one car garage is included and there is plenty of storage in the unit. A large covered deck adds additional space to relax. Coin-operated laundry is available. Available now. Water, sewer, trash, electricity and gas are included. The security deposit is $2,050. A COMPLETED APPLICATION IS REQUIRED to view the interior of the unit. There is no application fee. One application is good for every property we manage. To complete our FREE application, please visit our website at www horizoncentralcoast com For further questions, please call us at 805-772-5657. Horizon Realty & Property Management DRE #00648760 |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 2 |
|---|
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About LSWAR540
This large upstairs studio apartment has great views of Morro Rock! It is in an excellent location, near both the Embarcadero and downtown Morro Bay. A one car garage is included and there is plenty of storage in the unit. A large covered deck adds additional space to relax. Coin-operated laundry is available. Available now. Water, sewer, trash, electricity and gas are included. The security deposit is $2,050. A COMPLETED APPLICATION IS REQUIRED to view the interior of the unit. There is no application fee. One application is good for every property we manage. To complete our FREE application, please visit our website at www horizoncentralcoast com For further questions, please call us at 805-772-5657. Horizon Realty & Property Management DRE #00648760
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, LSWAR540 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, LSWAR540 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·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.
LSWAR540 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, LSWAR540 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.
LSWAR540 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 LSWAR540 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
LSWAR540 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking 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 LSWAR540 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 3 miles away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 2 miles away
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Rent trends in Morro Bay
studio apartments at LSWAR540 cost about 37% more than the average rent price for studio apartments in Morro Bay.
Median rents as of Jan 17 2026.
Morro Bay
| Month | Median Rent |
|---|---|
| August 2025 | $1,500 |
| September 2025 | $1,500 |
| October 2025 | $1,614 |
| November 2025 | $1,590 |
| December 2025 | $1,500 |
| January 2026 | $1,500 |
Affordability calculator
Can I afford to live at 540 Monterey Ave?
Bedrooms
StudioRent-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
$82,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $82,000 annually to afford this studio monthly rent price of $2,050.
For more information on rent affordability, visit our rent calculator.
Schools near LSWAR540
Del Mar Elementary School
501 sequoia st
morro bay, CA, 93442
K-5Public
A-
PEEP - PREPARE
1500 lizzie st
san luis obispo, CA, 93401
K-12Public
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Internet available near LSWAR540
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Morro Bay near 540 Monterey Ave
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
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 540 Monterey Ave, Morro Bay
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
0/10
Closest elementary school further than a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Nightlife
4/10
Some bars within walking distance
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