Homes for Rent in 93940

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What to Know About

Life in Monterey & Beyond

Monterey shares many of the great qualities that make California a desirable place to live.

California is the most populous state in the United States and is home to some of the world's most iconic cities, such as Los Angeles, San Diego, and San Francisco. It's known for its thriving economy and diverse landscapes, including beaches, deserts, and mountains. Immerse yourself in the state's history and traditions by visiting museums like the California Science Center and the Getty Center or attending worldwide renowned universities like Stanford University and the University of California, Berkeley.

There are also many outdoor recreation opportunities in the state, such as skiing in the Sierra Nevada Mountains, surfing along the Pacific Coast, and hiking in Yosemite National Park. There's something for everyone. Sports fans can enjoy cheering on the San Francisco 49ers (NFL), Los Angeles Kings (NHL), Los Angeles Dodgers (MLB), San Francisco Giants (MLB), Los Angeles Lakers (NBA), or Golden State Warriors (NBA). Also, check out famous attractions like the Golden Gate Bridge, Alcatraz Island, Disneyland, Hollywood, the historic city of San Francisco, and the mecca of Los Angeles.

With its warm and inviting climate, thriving economy, and high quality of life, Embrace the Golden State and discover why California is a great place to live.

Rental Market Trends

Monterey, CA

As of December 2025, Monterey's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monterey's average rent is 3.5% ($89) lower than the California average of $2,541 and 38.5% ($682) higher than the U.S. average of $1,770.

Average Rent
$2,452
Monthly ChangeMonth Over Month Change
Decreased5.9% ($155)
Yearly ChangeYear Over Year Change
Increased5.4% ($125)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,248 Increased1.9% ($41) Increased11.6% ($233)
2 Beds $3,074 Increased0.2% ($7) Increased7.3% ($209)
3 Beds $3,934 Decreased2.1% ($85) Decreased8.5% ($364)
Nearby Cities Average Rent Avg. Rent vs. MontereyAverage Rent vs. Monterey Avg. Days on MarketAverage Days on Market
Pacific Grove $2,529 Increased3.1% ($77) 27 days
Pebble Beach $2,930 Increased19.5% ($478) 33 days
Seaside $2,041 Decreased16.8% ($411) 30 days
Carmel $5,010 Increased104.3% ($2558) 29 days
Marina $2,395 Decreased2.3% ($57) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Monterey Rental Market FAQs

Explore rental prices, market trends, and availability in Monterey, CA.

The average rent in Monterey, CA is $2,452 per month.
Homes in Monterey typically rent for between $1,574 and $5,114 per month, with an average of $2,452 per month.
In Monterey, the average rent for a 1-bedroom home is $2,248 per month, for a 2-bedroom home, $3,074 per month, and a 3-bedroom home is $3,934 per month.
The average rent in Monterey is 38.5% ($682) higher than the national average of $1,770 per month.
The average rent in Monterey has decreased by 5.9% ($155) in the last month and increased by 5.4% ($125) over the past year.
The rental market in Monterey, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Monterey, CA, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 47 rental properties available in Monterey, CA.
Based on the current averages, a household would need an annual income of $122,960 to comfortably afford a 2-bedroom home in Monterey.
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