Apartments for Rent in New Monterey, Monterey, CA

New Monterey, Monterey apartment availability

New Monterey's rental market offers a good selection of listings, with an average of 28 rentals available each month. The neighborhood's inventory is relatively balanced, with 1-bedroom, 2-bedroom, and 3-bedroom apartments making up the majority of listings. Many apartments in New Monterey cater to pet owners, with 27% allowing small pets. Additionally, 41% of apartments offer the convenience of on-site laundry facilities. With its diverse range of listings and amenities, New Monterey is a great option for renters looking for a place to call home in Monterey.

New Monterey, Monterey rental market trends

The New Monterey neighborhood in Monterey saw a slight decrease in average rent prices in 2024, with a year-over-year decrease of 3.15% to $2,434 per month. Breaking it down by bed count, 1-bedrooms averaged $2,055 per month, a 0.81% increase from the previous year. The average rent for 2-bedrooms was $2,727, a 1.17% increase, while 3-bedrooms saw a more significant increase of 3.44% to $4,420 per month. Studios, on the other hand, experienced a slight decrease of 0.81% to $1,923 per month.

The rental market in New Monterey tends to fluctuate throughout the year, with November typically seeing the highest rent prices, 21.85% higher than January, the month with the lowest rent prices. If you're looking for a new apartment, January may be a good time to find a deal. However, if you're looking to rent in the latter part of the year, be prepared for higher prices. It's essential to plan your apartment search strategically, considering the neighborhood's rental trends to find the best fit for your needs and budget.

Why New Monterey, Monterey is a great place to live

New Monterey is a prime neighborhood for renters who value a vibrant social life. According to 2024 data, the area's restaurant scene, well-maintained street infrastructure, and convenient transit options make it an ideal spot for those who enjoy getting out and about. With a high walk score and emphasis on safety, New Monterey offers a unique blend of accessibility and community, making it easy to connect with friends and explore local hotspots. Whether you're a foodie or a social butterfly, New Monterey's social landscape is sure to impress.