Average Rent in Morro Bay, CA and Rent Price Trends

Rent trends in Morro Bay, CA

Average rent prices in Morro Bay have decreased by 20% 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 $2,100, whereas a house costs $4,100. 1-bedroom apartments in Morro Bay run $2,000 on average, while 2-bedroom apartments are $2,400.


Studio	$1,650	34%	46%
1 bedroom	$1,995	1%	6%
2 bedroom	$2,800	22%	2%
3 bedroom	$4,000	15%	42%
4 bedroom	$5,500	No Change	48%


Apartments	$2,100	11%	No Change
Condos	$2,925	6%	No Change
Houses	$4,100	8%	No Change

Studio

Average rent

$1,650

Last 30 days

34%

Last year

46%

1 bedroom

Average rent

$1,995

Last 30 days

Last year

2 bedroom

Average rent

$2,800

Last 30 days

22%

Last year

3 bedroom

Average rent

$4,000

Last 30 days

15%

Last year

42%

4 bedroom

Average rent

$5,500

Last year

48%

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$2,397

23%

higher than the national median

Median rent price$3,312

70%

higher than the national median

Takeaway

The median rent for all rentals in Morro Bay, CA is 28% lower than the median rent in Arroyo Grande, CA.

Average rent in nearby cities

Explore rent trends in neighboring markets

$3,312

$2,100

$1,071

$2,500

$2,200

$2,300

$2,895

$2,250

$2,775

$2,900

$2,286

$4,100

Discover rentals in Morro Bay, CA

5d+ 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

5d+ ago

Apartment for rent in Morro Bay

917 Anchor St, Morro Bay, CA 93442

2 beds

2 baths

$2,500

Apartment for rent

Available May 22

5d+ ago

House for rent in Morro Bay

2636 Ironwood Ave, Morro Bay, CA 93442

2 beds

1 bath

$2,750

House for rent

2d ago

House for rent in Morro Bay

Rockview St, Morro Bay, CA 93442

2 beds

2.5 baths

$3,000

House for rent

Available Jun 8

Stay up to date with rental market insights

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Annual Rent Report

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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 $2,397 per month as of June 6, 2026.

Is rent up or down in Morro Bay?

Average rent prices in Morro Bay have decreased by 20% 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 23% above the national average, which means renters are paying approximately $447 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 $96,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Morro Bay?

The average rent for a 1-bedroom apartment in Morro Bay, CA is approximately $1,815, while a 2-bedroom apartment costs around $2,754.

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).

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