Apartments & Condos for Rent in Monterey Park, CA

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What to Know About

Life in Monterey Park & Beyond

Monterey Park 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 Park, CA

As of May 2025, Monterey Park's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Monterey Park's average rent is 15.5% ($382) lower than the California average of $2,461 and 16.0% ($286) higher than the U.S. average of $1,793.

Average Rent
$2,079
Monthly ChangeMonth Over Month Change
Increased2.9% ($58)
Yearly ChangeYear Over Year Change
Decreased9.6% ($221)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,870 Increased1.1% ($20) Increased1.9% ($35)
2 Beds $2,211 Decreased0.3% ($6) Increased3.7% ($78)
3 Beds $3,675 Increased30% ($847) Increased38.6% ($1023)
Nearby Cities Average Rent Avg. Rent vs. Monterey ParkAverage Rent vs. Monterey Park Avg. Days on MarketAverage Days on Market
Alhambra $2,613 Increased25.7% ($534) 72 days
Rosemead $3,063 Increased47.3% ($984) 35 days
Montebello $2,308 Increased11% ($229) 35 days
San Gabriel $2,327 Increased11.9% ($248) 35 days
South Pasadena $2,516 Increased21% ($437) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Monterey Park Rental Market FAQs

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

The average rent in Monterey Park, CA is $2,079 per month.
Apartments in Monterey Park typically rent for between $1,309 and $4,778 per month, with an average of $2,079 per month.
In Monterey Park, the average rent for a 1-bedroom apartment is $1,870 per month, for a 2-bedroom apartment, $2,211 per month, and a 3-bedroom apartment is $3,675 per month.
The average rent in Monterey Park is 16% ($286) higher than the national average of $1,793 per month.
The average rent in Monterey Park has increased by 2.9% ($58) in the last month and decreased by 9.6% ($221) over the past year.
The rental market in Monterey Park, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Monterey Park, CA, the average rental stays on the market for approximately 31 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 14 rental properties available in Monterey Park, CA.
Based on the current averages, a household would need an annual income of $88,440 to comfortably afford a 2-bedroom apartment in Monterey Park.
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