2 rentals in Morro Bay
Rental Listings in Morro Bay, CA
About Morro Bay, CA Real Estate
Morro Bay is a coastal town known for Morro Rock and fishing harbor. Features waterfront dining, kayaking, and small-town atmosphere.
Today, Morro Bay has 2 homes for rent at a median rent of $4,400/mo, typically leasing in about 7 days. Families here choose from 2 schools rated 8 or higher on the Topfind School Score.
Top Rated Schools in Morro Bay
Powered by the Topfind School Score
- 8Del Mar Elementaryelementary
- 8Morro Bay Highhigh school
Why Live in Morro Bay?
- Morro Rock
- Fishing harbor
- Waterfront dining
- Kayaking
Morro Bay Rental Pulse
Median Rent
$1,500/mo
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
0.3 months of supply
Landlord's MarketWith only 2 active rentals, supply is tight.
What this means for renters
Rentals are leasing quickly—inventory is tight, competition is strong, and renters have limited room to negotiate. Rentals typically lease in ~7 days.
Rental Velocity
How fast rentals are leasing
Rentals are leasing extremely fast—expect high competition and quick decisions. Leasing has slowed 28% compared to 6 months ago.
Rental Inventory Distribution
Rentals are being leased quickly—most listings move within 30 days, signaling strong renter demand.
Housing Tenure in Morro Bay
Homeownership is higher than average—most households in this area own rather than rent.
61%
Homeowners
39%
Renters
Homeownership is 5.5% higher than the California average (55.5%)
4,989 households (2023)
Median Rent by Bedroom
Rent increases with bedroom count, with moderate premiums for additional space.
Each additional bedroom adds about $-600/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 2 → 3 bedrooms (+$-600/mo)
Rent Reductions
1 listings have reduced their rent
50% of active listings
Average reduction: 41.5% (~$1,826/mo)
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