Last updated on October 23, 2026

Average rent in
Morro Bay, CA

Median rent

Median rent in Morro Bay

$2,800/mo

increased by20%

vs previous year

The average rent in Morro Bay is $2,800 per month as of October 2026. This is 47% above the national average rent, or $900 more per month.

$3.32

average price per square foot

Total rentals

Available rentals in Morro Bay

10

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Morro Bay rentals at each price point

55%41%28%14%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 17% over the last month and have increased by 20% 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 $2,225, whereas a house costs $3,550. 1-bedroom apartments in Morro Bay run $1,800 on average, while 2-bedroom apartments are $2,400.

Listings

Studio

$1,755

7%

3%

1 bedroom

$1,850

No Change

6%

2 bedroom

$2,850

No Change

8%

3 bedroom

$3,600

8%

6%

4 bedroom

$4,900

No Change

216%

Studio

Average rent

$1,755

Last 30 days

7%

Last year

3%

1 bedroom

Average rent

$1,850

Last year

6%

2 bedroom

Average rent

$2,850

Last year

8%

3 bedroom

Average rent

$3,600

Last 30 days

8%

Last year

6%

4 bedroom

Average rent

$4,900

Last year

216%

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$2,800
increased by47%

higher than the national median

Median rent price$2,700
increased by42%

higher than the national median

Takeaway

The median rent for all rentals in Morro Bay, CA is 4% higher than the median rent in Arroyo Grande, CA.

Discover rentals in Morro Bay, CA

LSHOW485 - Photo 1 of 1

3d ago

8.6

Very good

LSHOW485

485 Shasta Ave, Morro Bay, CA 93442

3 beds

2 baths

$2,400

Price droppedFees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
745 Pacific St - Photo 1 of 1

5d+ ago

Apartment for rent in Morro Bay

745 Pacific St, Morro Bay, CA 93442

2 beds

2 baths

$2,500

Price dropped $150Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
1135 Balboa St #NA - Photo 1 of 1

5d+ ago

House for rent in Morro Bay

AVAILABLE NOW - Charming Home in Morro Bay - 3 Bed/1 Bath

1135 Balboa St #NA, Morro Bay, CA 93442

3 beds

1 bath

$3,025

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
430 Estero Ave - Photo 1 of 1

5d+ ago

House for rent in Morro Bay

3 beds

2 baths

$3,500

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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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 $2,800 per month as of October 17, 2026.

Is rent up or down in Morro Bay?

Average rent prices in Morro Bay have increased by 17% over the last month and have increased by 20% since last year.

How does Morro Bay rent compare to the national average?

Rent in Morro Bay is 47% above the national average, which means renters are paying approximately $900 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 $112,000/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