Unit is part of the City of Monterey's Workforce Income Housing Program, requiring applicants to reside or work within Monterey city limits and meet specific income guidelines. 1-bedroom, 1-bathroom apartment in the vibrant New Monterey neighborhood, steps from the iconic Cannery ROW. It features a carpeted interior, walk in closet, dishwasher, oven and refrigerator, with shared laundry facilities on-site. Located just 0.2 miles from Cannery ROW, the property offers proximity to bayside restaurants, art galleries, shopping and the Monterey Bay Aquarium. The neighborhood boasts a Walk Score of 94, making it a walker's paradise and a Bike Score of 75, with easy access to beaches, golf courses and whale-watching opportunities. Deposit $1,795. No Dogs, No Cats, No Pets. No Smoking. No Co-signer's. No Parking Available, Street Parking Only. Refrigerator, Laundry on-site, On-site manager, No pets, Tenant pays gas and electric, Tenant pays water/sewer, Tenant pays parking, Street parking, No dogs, No cats, Trash removal included, No smoking, Walking/biking trails & Stove/oven.
RentalSource last checked: June 11, 2026 · 6:55 AM ET
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Property Summary
Property Type:
Apartment
Rental Fee:
$1,795
Bedrooms:
1 beds
Bathrooms:
1 baths
Size:
Inquire
Pet Friendly:
No
Listing Status:
Active
ID:
83216522
Property Amenities
• Carpeted Floors
• Dishwasher
• Refrigerator
• Walk-in Closets
Community Features
• Bike Paths
• Golf Course
• Laundry Facilities
• Parking
Additional Details
Apartment for rent in Monterey for $1,795 with 1 bed, 1 bath and located at 541 Wave St #20 in Monterey, CA 93940. The rental price of $1,795 is 14.7% ($310) lower than the average rent of $2,105 for a 1 bedroom apartment in Monterey, CA. 541 Wave St #20 was advertised by Creative Property Management on March 10, 2026 at 10:56 AM ET, last updated on May 29, 2026 at 3:29 PM ET and last checked today at 6:55 AM ET.
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Bedrooms
1 bedroom
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Recommended income
$71,800 /year
With your chosen rent-to-income ratio, an annual income of $71,800 is recommended to comfortably afford this 1-bedroom rental priced at $1,795 per month.
