Last updated on July 24, 2026

Average rent in
Morro Bay, CA

Median rent

Median rent in Morro Bay

$2,312/mo

decreased by12%

vs previous year

The average rent in Morro Bay is $2,312 per month as of July 2026. This is 19% above the national average rent, or $367 more per month.

$3.51

average price per square foot

Total rentals

Available rentals in Morro Bay

12

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Morro Bay rentals at each price point

75%56%38%19%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Morro Bay, CA, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Morro Bay, CA

Average rent prices in Morro Bay have increased by 22% over the last month and have decreased by 12% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Morro Bay, CA

Rent prices in Morro Bay vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Morro Bay is $2,312, whereas a house costs $3,000. 1-bedroom apartments in Morro Bay run $2,200 on average, while 2-bedroom apartments are $2,350.

Listings

Studio

$1,925

7%

65%

1 bedroom

$2,020

3%

4%

2 bedroom

$2,650

37%

1%

3 bedroom

$3,650

11%

22%

4 bedroom

$4,900

No Change

52%

Studio

Average rent

$1,925

Last 30 days

7%

Last year

65%

1 bedroom

Average rent

$2,020

Last 30 days

3%

Last year

4%

2 bedroom

Average rent

$2,650

Last 30 days

37%

Last year

1%

3 bedroom

Average rent

$3,650

Last 30 days

11%

Last year

22%

4 bedroom

Average rent

$4,900

Last year

52%

The table above reflects average rent prices in Morro Bay, CA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Morro Bay, CA compare to other cities?

Compare median rent prices in Morro Bay and Arroyo Grande by all bedroom counts and property types.

Morro Bay

Median rent price$2,312
increased by19%

higher than the national median

Median rent price$2,800
increased by44%

higher than the national median

Takeaway

The median rent for all rentals in Morro Bay, CA is 17% lower than the median rent in Arroyo Grande, CA.

Discover rentals in Morro Bay, CA

3d ago

8.3

Very good

1125 Monterey LLC

1125 Monterey Ave, Morro Bay, CA 93442

1–3 beds

1 bath

$1,300–$1,700

Apartment for rent

LSHOW485 - Photo 1 of 1

4h ago

Apartment for rent in Morro Bay

LSHOW485

485 Shasta Ave, Morro Bay, CA 93442

1–3 beds

1–2 baths

$1,975–$2,700

Apartment for rent

960 Balboa St - Photo 1 of 1

5d+ ago

House for rent in Morro Bay

House for rent

545 Driftwood St - Photo 1 of 1

1d ago

House for rent in Morro Bay

House for rent

Available Aug 7

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Morro Bay, CA

Quick answers to common questions about the Morro Bay rental market.

How much is rent in Morro Bay?

The average rent in Morro Bay is $2,312 per month as of July 18, 2026.

Is rent up or down in Morro Bay?

Average rent prices in Morro Bay have increased by 22% over the last month and have decreased by 12% since last year.

How does Morro Bay rent compare to the national average?

Rent in Morro Bay is 19% above the national average, which means renters are paying approximately $367 more per month.

What salary do I need to afford rent in Morro Bay?

To comfortably afford rent in Morro Bay, you'd need to earn approximately $93,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Arroyo Grande