Rental market snapshot for Monterey, California

Monterey, California Rental Property Market Overview

Monterey, California is a beautiful coastal city located in Monterey County. With a population of 29,874 as of 2021, according to the US Census, Monterey is a popular tourist destination known for its stunning beaches, historic sites, and unique culture. The city is home to the world-famous Monterey Bay Aquarium, as well as a variety of other attractions, restaurants, and shops. Monterey is also known for its mild climate, making it a great place to visit year-round.

The average rent for an apartment in Monterey is $2,686. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Monterey California | Cost of Living

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Monterey ZIP codes with the highest, most expensive rent

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Live near Monterey, California's Top Sights and Attractions

Laguna Seca Recreation Area and Campgrounds is a popular destination located in the hills of Monterey, California. It is a great spot for outdoor activities such as camping, hiking, biking, and horseback riding. The area is also home to a world-famous racetrack, which hosts a variety of motorsport events throughout the year. The campgrounds offer a variety of amenities, including RV hookups, picnic tables, and fire pits. There are also plenty of trails to explore, and the nearby lake provides a great spot for swimming and fishing.

Monterey Bay is a stunning coastal area located on the central coast of California. It is known for its picturesque views of the Pacific Ocean, its rugged shoreline, and its abundance of wildlife. Visitors can explore the bay by boat, kayak, or on foot, and can take in the sights of sea otters, seals, and a variety of sea birds. The bay is also home to a variety of marine life, including whales, dolphins, and sea turtles. The area is also known for its many beaches, parks, and trails, making it a great destination for outdoor enthusiasts.

Houghton M Roberts Beach is a picturesque beach located on the Monterey Bay. It is a popular spot for visitors and locals alike, offering stunning views of the bay, a wide sandy beach, and plenty of opportunities for swimming, fishing, and other beach activities. The beach is also home to a variety of wildlife, including sea lions, seals, and a variety of birds. Visitors can also explore the nearby tide pools and take in the breathtaking views of the surrounding cliffs.

Cannery Row Foundation is a historical attraction located in Monterey, California. It is a collection of buildings and artifacts that tell the story of the area's past as a bustling fishing and canning center. Visitors can explore the old cannery buildings, learn about the history of the area, and view artifacts from the past. There are also interactive exhibits, educational programs, and special events. The foundation also works to preserve the area's natural beauty and promote sustainability.

Del Monte Beach is a stunning stretch of coastline located on the Monterey Bay. It features a wide expanse of white sand, crystal clear waters, and breathtaking views of the surrounding hills. Visitors can enjoy a variety of activities such as swimming, surfing, kayaking, and fishing. The beach is also home to a variety of wildlife, including sea lions, dolphins, and sea otters. With its stunning scenery and abundance of activities, Del Monte Beach is a must-see destination for anyone visiting the area.

Cypress Street Park is a beautiful outdoor park located in Monterey, California. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground for children. There is also a walking path that winds through the park, providing a peaceful and scenic stroll. The park is surrounded by tall cypress trees, giving it a serene and tranquil atmosphere. The park also has a small pond with ducks and other wildlife, making it a great spot for bird watching.

El Estero Park is a scenic park located on the Monterey Bay. It features a large lake, lush green lawns, and a variety of trees and shrubs. Visitors can enjoy a variety of activities, including fishing, boating, and picnicking. There are also several walking trails that offer views of the bay and the surrounding area. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

Work Triangle is an outdoor sculpture located in Monterey, California. It is a three-dimensional structure made of steel and concrete that stands approximately 20 feet high. The sculpture is composed of three triangular shapes that intersect and overlap, creating a unique and visually interesting piece of art. The sculpture is meant to represent the interconnectedness of the community and the importance of collaboration. It is a popular spot for locals and visitors alike to take pictures and enjoy the view of the surrounding area.

The City of Monterey Dog Park is a large, fenced-in area that provides a safe and fun environment for dogs and their owners. It features a large grassy area with plenty of room to run and play, as well as benches and shade trees for owners to relax. There are also several agility obstacles for dogs to practice their skills, and a separate area for small dogs. The park is open year-round and is free to the public.

Jacks Ballpark is a family-friendly attraction located in Monterey, California. It features a full-size baseball diamond, batting cages, and a playground. Visitors can enjoy a game of catch, take batting practice, or just relax and watch a game. The park also has a concession stand, picnic tables, and a playground for the kids. The atmosphere is fun and friendly, making it a great place to spend an afternoon.

Monterey, California area median rent change by ZIP code map

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How does Monterey compare to other cities in California?

citymedian price
La Quinta$4,435
Dana Point$3,781
Castaic$3,750
Mission Viejo$2,955
Manteca$2,495
Bell Gardens$2,400
Davis$2,150
Crestline$1,800
Susanville$1,275

Average household income in Monterey area graph - US Census

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The median household income in Monterey in 2021 was $85,365. This represents a 35.3% change from 2011 when the median was $63,072.

#categorypercent
0Less than $10,0003.6%
1$10,000 to $14,9992.2%
2$15,000 to $19,9992.0%
3$20,000 to $24,9993.2%
4$25,000 to $29,9993.6%
5$30,000 to $34,9994.1%
6$35,000 to $39,9992.6%
7$40,000 to $44,9993.1%
8$45,000 to $49,9994.6%
9$50,000 to $59,9995.3%
10$60,000 to $74,99912.4%
11$75,000 to $99,99912.8%
12$100,000 to $124,9998.8%
13$125,000 to $149,9999.3%
14$150,000 to $199,9999.2%
15$200,000 or more13.0%

Neighborhoods in Monterey

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Monterey is $2,686.
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