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

The average rent for a 1-bedroom apartment in Monterey, CA is approximately $2,101, while a 2-bedroom apartment averages around $3,048.

Are rents going up or down in Monterey, CA?

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%.

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

The best time to look for an apartment in Monterey, CA is during the off-season, particularly in October, when competition is lower and prices tend to be more favorable, despite fewer options available compared to the peak season in March and April.

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

Some of the best neighborhoods to rent an apartment in Monterey include Old Monterey Business District, Casanova Oak Knoll, Old Town, and New Monterey, which are known for their high walk scores, frequent transit options, and vibrant lifestyle.

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

Villa Del Monte is a great option for budget-conscious renters, offering 1-bedroom rents at $2,112.5 per month, which is about 3% lower than the city median.