4 rentals in Monterey
Rental Listings in Monterey, CA
About Monterey, CA Real Estate
Monterey is a historic coastal city known for Cannery Row, world-famous aquarium, and marine wildlife. Features John Steinbeck heritage and golf courses.
Today, Monterey has 4 homes for rent at a median rent of $5,500/mo, typically leasing in about 281 days. Families here choose from 1 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Monterey
Powered by the Topfind School Score
- 8La Mesaelementary
- 7Monte Vistaelementary
- 7Monterey Highhigh school
Why Live in Monterey?
- Monterey Aquarium
- Cannery Row
- Marine wildlife
- Golf courses
Monterey Rental Pulse
Median Rent
$5,500/mo
Census estimate for Monterey
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
4.0 months of supply
Balanced Market4 active rentals currently on the market.
What this means for renters
Rentals are leasing at a steady pace—renters have time to decide, but good units still move. Rentals typically lease in ~281 days.
Rental Velocity
How fast rentals are leasing
Rentals are sitting on the market—renters have strong leverage to negotiate rent, terms, and move-in specials.
Rental Inventory Distribution
Rentals are being leased quickly—most listings move within 30 days, signaling strong renter demand.
Housing Tenure in Monterey
Renting is more common here than statewide—this market has more rental inventory and transient residents.
38%
Homeowners
62%
Renters
Homeownership is 17.5% lower than the California average (55.5%)
12,420 households (2023)
Median Rent by Bedroom
Rent rises with each additional bedroom, with notable jumps for larger units.
Each additional bedroom adds about $1,150/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 2 → 3 bedrooms (+$2,300/mo)
Rent Reductions
1 listings have reduced their rent
25% of active listings
Average reduction: 7.5% (~$413/mo)
Have questions about Monterey?
Connect with a local specialist