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The average monthly rent in Old Town, Monterey is up 7.2% compared to last month but down 5.69% year-over-year.
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1d ago
Verified
2 beds
1 bath
$5,587
Apartment for rent
1d ago
2 beds
1 bath
$3,400
Apartment for rent
1d ago
Studio
1 bath
$2,200
Apartment for rent
2d ago
1 bed
1 bath
$2,350
Apartment for rent
4d ago
2 beds
1 bath
$2,725
Apartment for rent
4d ago
2 beds
1 bath
$2,750
Apartment for rent
Storage
Deck
On-Site Laundry
Dishwasher
5d+ ago
Old Town house for rent in Monterey
3 beds
2 baths
$4,175
House for rent
5d+ ago
2 beds
1 bath
$3,050
Apartment for rent
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5d+ ago
2 beds
1 bath
$3,000
Apartment for rent
5d+ ago
Old Town apartment for rent in Monterey
Storage | On-site management | Business center
1 bed
1 bath
$2,500
Apartment for rent
Available Jan 22
4d ago
New Monterey apartment for rent in Monterey
2 beds
1 bath
$2,800
Apartment for rent
Available Apr 20
4d ago
Monterey Vista house for rent in Monterey
3 beds
2 baths
$4,500
$4,400
Price drop
House for rent
13h ago
House for rent in Monterey
2 beds
1 bath
$3,950
$3,800
Price drop
House for rent
Available Feb 19
5d+ ago
Monterey Vista house for rent in Monterey
3 beds
2 baths
$4,899
House for rent
Available Feb 11
5d+ ago
New Monterey apartment for rent in Monterey
1 bed
1 bath
$2,200
Apartment for rent
Available Feb 9
5d+ ago
New Monterey apartment for rent in Monterey
2 beds
1 bath
$2,595
Apartment for rent
Available Jan 14
These rentals are 10%-30% cheaper than the local average price for similar rentals.
5d+ ago
Apartment for rent in Monterey
In-unit laundry | Storage | On-site management
2 beds
1 bath
$2,295
Apartment for rent
Available Jan 8
5d+ ago
New Monterey house for rent in Monterey
3 beds
2 baths
$4,295
$3,995
Price drop
House for rent
Available Jan 7
5d+ ago
Skyline Forest house for rent in Monterey
1 Overlook Pl, Monterey, CA 93940
Furnished | Garage parking | On-site laundry
3 beds
3 baths
$8,500
House for rent
1d ago
New Monterey house for rent in Monterey
3 beds
3 baths
$5,700
House for rent
5d+ ago
1 bed
1 bath
$1,850
Apartment for rent
3d ago
Studio–2 beds
1–2 baths
$2,050–$3,050
Apartment for rent
5d+ ago
2 beds
1 bath
$3,500
Apartment for rent
4d ago
131 Lighthouse Ave, Monterey, CA 93940
On-site laundry | Elevator | Storage
2 beds
1 bath
$2,600–$2,700
Apartment for rent
3d ago
2 beds
1 bath
$2,800
Apartment for rent
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Old Town, Monterey's rental market offers a good selection of listings, with an average of 16 rentals available each month. The majority of rentals are 2-bedroom apartments, followed closely by 1-bedroom and 3-bedroom units. Many apartments in Old Town offer convenient amenities, including in-unit laundry, dishwashers, and on-site laundry facilities, which are available in approximately 30-40% of rentals. This historic neighborhood's charm and amenities make it a desirable choice for renters in Monterey.
The Old Town, Monterey rental market experienced a 7.4% year-over-year increase, with the average monthly rent reaching $2,686. Breaking it down by bed count, 1-bedrooms average $2,161 per month, a 4.9% annual increase, while 2-bedrooms average $2,830, a 6.6% increase. Studios average $1,836, an 8% increase, and 3-bedrooms saw a significant 35.1% increase, averaging $5,026.
The market typically sees the highest rent in November, with a 23.8% increase compared to July, the month with the lowest rent. This suggests that renters may find better deals during the summer months. However, those looking for a new apartment in the fall can expect to encounter higher prices. It's worth noting that the significant increase in 3-bedroom rentals may indicate a shift in demand for larger units in the area. Overall, the Old Town, Monterey rental market is experiencing growth, with varying levels of competition throughout the year.
Old Town, Monterey stands out for its strong social scene and commitment to environmental sustainability. The neighborhood's emphasis on eco-friendly practices is evident in its use of non-toxic paint, rainwater harvesting, and community solar projects. Residents can also enjoy the nearby parks and recreation areas, made easily accessible by the neighborhood's high walk score and reliable transit system. This combination of sustainability and accessibility also contributes to Old Town's vibrant social life, with a variety of restaurants and a safe, walkable environment that fosters community connection. Overall, Old Town is an ideal choice for those seeking a neighborhood that prioritizes both people and the planet.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
The average size of a 1 bedroom apartment rental in Old Town is 630 square feet. The average size of a 2 bedroom apartment rental in Old Town is 926 square feet. The average size of a 3 bedroom apartment rental in Old Town is 898 square feet.
To help you better understand how much rent you can afford, check out Zumper's rent calculator. Our rent calculator can help you learn more about Old Town average rent prices.
2 bedroom apartments are the most common type of rentals in Old Town, Monterey, CA right now.
3 bedroom apartments are the least common type of rentals in Old Town, Monterey, CA right now.
| 🔑Available apartment rentals | 25 |
|---|---|
| 💰Best rent deal | 740 Dickman Ave |
| ✨Popular amenities | , , |
| 🍽With dishwasher | |
| 🏠With photos |