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Viewing 1-14 of 14 rentals in Morro Bay
What to Know About
Life in Morro Bay & Beyond
Morro Bay 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
Morro Bay, CA
As of August 2025, Morro Bay's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Morro Bay's average rent is 9.8% ($252) lower than the California average of $2,567 and 29.3% ($525) higher than the U.S. average of $1,790.
Average Rent
$2,315
Monthly ChangeMonth Over Month Change
3.5% ($84)
Yearly ChangeYear Over Year Change
8.6% ($217)
Avg. Days on MarketAverage Days on Market
30
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,865 | 1% ($18) | 14.4% ($313) |
| 2 Beds | $2,393 | 8.8% ($231) | 9.6% ($253) |
| 3 Beds | $3,043 | 6.3% ($205) | 7.5% ($246) |
| Nearby Cities | Average Rent | Avg. Rent vs. Morro BayAverage Rent vs. Morro Bay | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Los Osos | $2,891 | 24.9% ($576) | 28 days |
| Atascadero | $2,628 | 13.5% ($313) | 26 days |
| San Luis Obispo | $2,689 | 16.2% ($374) | 27 days |
| Templeton | $3,234 | 39.7% ($919) | 25 days |
| Pismo Beach | $2,812 | 21.5% ($497) | 26 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Morro Bay Rental Market FAQs
Explore rental prices, market trends, and availability in Morro Bay, CA.
The average rent in Morro Bay, CA is $2,315 per month.
Homes in Morro Bay typically rent for between $1,306 and $3,956 per month, with an average of $2,315 per month.
In Morro Bay, the average rent for a 1-bedroom home is $1,865 per month, for a 2-bedroom home, $2,393 per month, and a 3-bedroom home is $3,043 per month.
The average rent in Morro Bay is 29.3% ($525) higher than the national average of $1,790 per month.
The average rent in Morro Bay has decreased by 3.5% ($84) in the last month and decreased by 8.6% ($217) over the past year.
The rental market in Morro Bay, CA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Morro Bay, CA, the average rental stays on the market for approximately 30 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 Morro Bay, CA.
Based on the current averages, a household would need an annual income of $95,720 to comfortably afford a 2-bedroom home in Morro Bay.
