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Location

263 Monroe Street, Monterey, California 93940, United States|Old Town
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Management

Cardinalli Realty & Property Management Company Inc. Corp DRE Lic# 01878046

Leasing office

(831) 375-0984

Property Overview

Monroe (263) is a highly-rated property with an overall Zumper rating of 8.4 out of 10, showcasing an excellent blend of price, value, and amenities, including a garage. Its prime location, rated 9 out of 10, offers residents easy access to numerous restaurants, theaters, and parks, enhancing the social experience. Furthermore, the property demonstrates trustworthiness with a clear description, providing potential renters with confidence in their decision.

This summary uses Zumper’s proprietary data. “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

Great for

  • Social life

Floor plans

1BR/1.0BA1 bed1 bath$1,750 /mo1 unit availableThis is a great one bedroom apartment with bonus room/office in downtown Monterey. Walking distance to MIIS, DLI and downtown. Gas range, wood and vinyl flooring, Available now. Garbage, Water and Sewage are included. Monterey Peninsula is home to Cannery Row, Fisherman's Wharf and the Monterey Bay Aquarium. Popular destinations also include Big Sur, Pebble Beach and the City of Carmel. Call us at 831-375-0984 Cardinalli Realty and Property Management co. Inc. www cardinallirealty com Lic # 01878046

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Building details

Property details

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About Monroe (263)

HomeApartments in MontereyOld Town Monroe (263)

This is a great one bedroom apartment with bonus room/office in downtown Monterey. Walking distance to MIIS, DLI and downtown. Gas range, wood and vinyl flooring, Available now. Garbage, Water and Sewage are included. Monterey Peninsula is home to Cannery Row, Fisherman's Wharf and the Monterey Bay Aquarium. Popular destinations also include Big Sur, Pebble Beach and the City of Carmel. Call us at 831-375-0984 Cardinalli Realty and Property Management co. Inc. www cardinallirealty com Lic # 01878046


Monroe (263) is great for:

Social life

  • 177 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • Area has 36 parks and recreation options
  • 36 theaters, music venues, or sports arenas 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 Monroe (263) compares to other nearby properties.

Positives

High school nearby
There is a high school 0.5 mile away

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Rent trends in Old Town

1-bedroom apartments at Monroe (263) cost about 31% less than the average rent price for 1-bedroom apartments in Old Town.

Median rents as of Nov 15 2025.
Old Town
Monterey
A table of 1-bedroom apartment rental data trends in Monterey
MonthMedian Rent
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$2,187
November 2025$2,190
A table of 1-bedroom apartment rental data trends in Old Town
MonthMedian Rent
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
November 2025$2,550

Affordability calculator

Can I afford to live at 263 Monroe Street?

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

$70,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $70,000 annually to afford this 1-bedroom monthly rent price of $1,750.
For more information on rent affordability, visit our rent calculator.

Schools near Monroe (263)

Monte Vista

251 soledad dr

monterey, CA, 93940

K-8Public
B+
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Internet available near Monroe (263)

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 263 Monroe Street

Walking

5/10
Some shops and stores are within a few minutes.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

1/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 263 Monroe Street, Monterey

Groceries

8/10
At least one grocery store within a 15-minute 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

5/10
At least one elementary school within a 30-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Nightlife

4/10
Few or no bars within walking distance

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