Question 1

How much is the average rent in Monterey, CA for 1-bedroom and 2-bedroom apartments?

Accepted Answer

Monterey's 2025 rental market shows 1-bedroom apartments averaging around $2,100 per month, while 2-bedroom units average around $3,000 monthly. The overall market averaged around $2,400 across all property types in 2025.

Question 2

Are rents going up or down in Monterey, CA?

Accepted Answer

In 2024, the Monterey rental market experienced a slight overall decline of 1.7% in average rent; however, 1-bedroom rents saw a modest increase of 1.2%, and 2-bedroom rents increased by 6.3%.

Question 3

When is the best time to look for an apartment in Monterey, CA?

Accepted Answer

July offers the lowest rental prices in Monterey, while September sees the highest rent, creating an 8.4% difference between peak and off-peak months. October stands out as the least competitive month with lower overall demand, while April and August are the most competitive months.

Question 4

What are the best neighborhoods to rent an apartment in Monterey, CA?

Accepted Answer

New Monterey and Old Town lead for social living with strong walk scores and restaurant access, while the Old Monterey Business District offers excellent street infrastructure and transit frequency. The Old Monterey Business District generates 1.7 times more consumer interest than the market average, with 1-bedroom apartments averaging around $2,400 per month.

Question 5

What areas of Monterey, CA are best for budget-conscious renters?

Accepted Answer

Monterey Vista offers the most affordable option at around $2,360 monthly median rent, followed by New Monterey at around $2,490. Old Monterey Business District also features lower-priced units at around $1,980, which run 11% below the city median.

Question 6

Are there pet-friendly apartments in Monterey, CA?

Accepted Answer

Monterey welcomes pets with 22% of listings accommodating furry companions. Pet owners will find particularly welcoming communities in Monterey Vista, New Monterey, Old Town, and Skyline Forest, where apartments feature pet flooring, pet-safe windows, and outdoor space for animals with dog parks and pet waste stations.

Question 7

Are utilities usually included in rent in Monterey, CA?

Accepted Answer

Utilities are rarely included in Monterey rental listings, with only about 31 total listings including utilities, representing less than 1% of the market. This pattern remains consistent across all bedroom types, from studios to 3-bedroom apartments.

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