5+ Days Ago
Location
140 W Franklin St, Monterey, CA 93940, USA|Old Monterey Business District
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Property Overview
Franklin St.: 140 W. (Ordway Bldg.) is centrally located and highly rated, achieving an overall score of 8 out of 10 by Zumper. With a trustworthiness rating of 8 and a strong emphasis on value, the property offers competitive pricing amidst impressive amenities and an outstanding environment for social life, highlighted by numerous restaurants, theaters, and parks nearby. Its exceptional quality and transparency enhance its appeal as a premier rental option.
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
Less expensive- More space
- Images Available
Great for
Social life
Floor plans
| Franklin St.: 140 W. (Ordway Bldg.) - 203 | Studio | -1 bath | 483 sqft | $975 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 203 | Studio | -1 bath | 483 sqft | $1,000 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 203 | Studio | -1 bath | 483 sqft | $1,000 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 203 | Studio | -1 bath | 483 sqft | $1,000 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 203 | Studio | -1 bath | 483 sqft | $1,000 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 203 | Studio | -1 bath | 483 sqft | $1,000 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 202 | Studio | -1 bath | 1,100 sqft | $1,395 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 202 | Studio | -1 bath | 1,100 sqft | $1,395 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 202 | Studio | -1 bath | 1,100 sqft | $1,395 /mo | |||
| Franklin St.: 140 W. (Ordway Bldg.) - 202 | Studio | -1 bath | 1,100 sqft | $1,395 /mo |
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Policies and fees
Applicants
Application Fee
One-time. Agent application fee.
$35
REQUIRED FEES
Security Deposit
One-time. Refundable.
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About Franklin St.: 140 W. (Ordway Bldg.)
Situated in the heart of downtown Monterey, the notable, multi-tenant Ordway building offers available office spaces in its second floor. This building is in a central and highly visible corner along Monterey's busy, Alvarado Street. It is ideally located within close proximity to multiple restaurants and cafes, so lunch time will never be boring. Suite 309: $660/Month - Approx. 330 Sq Ft The office space is comprised of an open area and extensive views of Downtown Monterey. The rental also features a supply closet and a shared operational elevator. Tenant is responsible for gas and electricity One-Year Lease Move In Ready Now! $30.00 Non refundable application fee per applicant. Application & Deposit Based on Approval. For Applications visit our website at ParamountPropertiesMRY. com Paramount Properties 888 Munras Ave Suite 200 Monterey, CA 93940 Office (831)372-6050 Fax (831)372-0468 DRE Lic # 01220386
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, Franklin St.: 140 W. (Ordway Bldg.) is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Franklin St.: 140 W. (Ordway Bldg.) has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, Franklin St.: 140 W. (Ordway Bldg.) is a great option for renters looking for apartments in Old Monterey Business District. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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, Franklin St.: 140 W. (Ordway Bldg.) 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.
Franklin St.: 140 W. (Ordway Bldg.) 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Franklin St.: 140 W. (Ordway Bldg.) to provide reasonable accomodations and accurate details about its community.
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.
Franklin St.: 140 W. (Ordway Bldg.) 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 Franklin St.: 140 W. (Ordway Bldg.) compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- More space
- Studio is 230 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Old Monterey Business District
Studio apartments at Franklin St.: 140 W. (Ordway Bldg.) cost about 16% more than the average rent price for studios in Old Monterey Business District.
Median rents as of Jan 17 2026.
Old Monterey Business District
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 |
|---|---|
| February 2024 | $1,000 |
| March 2024 | $1,000 |
| April 2024 | $1,000 |
| May 2024 | $1,000 |
| June 2024 | $1,000 |
| July 2024 | $1,000 |
| August 2024 | $1,000 |
| September 2024 | $1,000 |
| October 2024 | $1,000 |
| November 2024 | $1,000 |
| December 2024 | $1,000 |
| January 2025 | $1,000 |
| February 2025 | $1,000 |
| March 2025 | $1,000 |
| April 2025 | $1,000 |
| May 2025 | $1,000 |
| June 2025 | $1,000 |
| July 2025 | $1,000 |
| August 2025 | $1,000 |
| September 2025 | $1,000 |
| October 2025 | $1,000 |
| November 2025 | $1,039 |
| December 2025 | $1,198 |
| January 2026 | $1,132 |
Affordability calculator
Can I afford to live at 140 W Franklin St?
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
$40,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $40,000 annually to afford this studio median monthly rent price of $1,000.
For more information on rent affordability, visit our rent calculator.
Schools near Franklin St.: 140 W. (Ordway Bldg.)
Monte Vista
251 soledad dr
monterey, CA, 93940
K-8Public
B+
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Internet available near Franklin St.: 140 W. (Ordway Bldg.)
Getting around Monterey near 140 W Franklin St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
Frequent public transit options are within walking distance.
Points of interest for 140 W Franklin St, Monterey
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
8/10
Variety of restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
6/10
Variety of bars within walking distance
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