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Rent Prices in Monterey, CA
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $2,353/mo
- California $2,036/mo
- 2-bedroom median rent
- $2,424/mo
- California $2,103/mo
- Renters paying 30%+ of income
- 56.1%
- California 55.3%
- Renter households
- 7,999
- California 5,980,523
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | $1,910/mo |
| 1 bedroom | $2,001/mo |
| 2 bedrooms | $2,424/mo |
| 3 bedrooms | $3,500 or more/mo |
| 4 bedrooms | $3,500 or more/mo |
| 5 or more bedrooms | $3,500 or more/mo |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income4,36356.1%
- Pay 50% or more of income1,79723.1%
The median renter household spends 32.7% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Salinas, CA MSA
2 bedrooms: $2,416/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Monterey, CA | $2,353/mo | $2,001/mo | $2,424/mo | $3,500/mo or more | 56.1% |
| Monterey County | $2,055/mo | $1,732/mo | $2,088/mo | $2,408/mo | 55.6% |
| California | $2,036/mo | $1,780/mo | $2,103/mo | $2,351/mo | 55.3% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Monterey, CA?
- The median gross rent in Monterey, CA is $2,353 a month, and a typical 2-bedroom rents for $2,424/mo.
- How does Monterey compare with California?
- The median rent in Monterey is $2,353/mo, compared with $2,036/mo for California as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates