1 Day Ago
Highlights
- Balcony
- Covered carport parking
- Additional storage unit
Location
725 Spencer St, Monterey, CA 93940, USA|New Monterey
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Property Overview
725spen has garnered a remarkable Zumper expert rating of 9.4, reflecting its outstanding amenities and competitive pricing. The property features desirable elements such as a balcony, covered carport parking, and additional storage, alongside a prime location with easy access to schools, restaurants, and entertainment venues. With a strong emphasis on community engagement and diverse age groups, this property is positioned as an excellent option for those seeking a vibrant lifestyle.
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- Elementary school nearby
- Outdoor space
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 440 sqft | $2,045–$2,150 /mo | 2 units available | Well-maintained 1-bedroom apartment located in New Monterey at 725 Spencer #5. The unit features LVP flooring throughout, a private balcony, and covered carport parking. Onsite laundry is available for resident convenience. Functional layout in a quiet residential setting with easy access to downtown Monterey, Cannery Row, and the Monterey Peninsula. Appliances Included: Stove and Refrigerator. Utilities Included: Garbage and Sewer included In the rent. Renter's insurance is required. Lease term requirement is 1 Year, application fee is $45 per applicant 18 yrs and older. Agent Information: Chad Truesdell - DRE #2139661 |
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Amenities for 725spen
Apartment Amenities
| Balcony | Large Closets |
| Private Patio | Upstairs Unit |
| Utilities Included |
Appliances
| Range | Refrigerator |
| Stove |
Building
| Onsite Laundry | Sewer |
Grounds
| Carport Parking | Storage |
Services
| Garbage |
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
Building details
Property details
| Units | 12 |
|---|
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About 725spen
Well-maintained 1-bedroom apartment located in New Monterey at 725 Spencer #5. The unit features LVP flooring throughout, a private balcony, and covered carport parking. Onsite laundry is available for resident convenience. Functional layout in a quiet residential setting with easy access to downtown Monterey, Cannery Row, and the Monterey Peninsula. Appliances Included: Stove and Refrigerator. Utilities Included: Garbage and Sewer included In the rent. Renter's insurance is required. Lease term requirement is 1 Year, application fee is $45 per applicant 18 yrs and older. Agent Information: Chad Truesdell - DRE #2139661
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.
9.4
/10
Excellent725spen is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
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.
725spen 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·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.
725spen 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, 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.
725spen 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·9A 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.
725spen has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
725spen 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 725spen compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Elementary school nearby
- There is an elementary school 0.5 mile away
- Outdoor space
- Easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in New Monterey
1-bedroom apartments at 725spen cost about 5% more than the average rent price for 1-bedroom apartments in New Monterey.
Median rents as of Jan 3 2026.
New Monterey
Monterey
| Month | Median Rent |
|---|---|
| February 2024 | $1,395 |
| March 2024 | $1,483 |
| 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 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,862 |
| July 2024 | $1,806 |
| August 2024 | $1,812 |
Affordability calculator
Can I afford to live at 725 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
$81,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $81,800 annually to afford this 1-bedroom monthly rent price of $2,045.
For more information on rent affordability, visit our rent calculator.
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Internet available near 725spen
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 725 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 725 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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