Rent in Monterey, CA
Across Monterey's 4 ZIP codes, a 2-bedroom typically rents for about $2,416 a month, with figures from $2,416–$2,426. The highest typical rent is in 93940 ($2,426) and the lowest in 93942 ($2,416). 1 ZIP has ZIP-level figures from HUD or Census; the other 3 use the county Fair Market Rent. Owner-occupied homes in Monterey County pay about 0.63% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,956 | $1,910–$1,956 | 4 |
| 1 bed | $2,009 | $2,000–$2,009 | 4 |
| 2 beds | $2,416 | $2,416–$2,426 | 4 |
| 3 beds | $3,261 | $3,261–$3,500+ | 4 |
| 4 beds | $3,551 | $3,500–$3,551 | 4 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Monterey ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Monterey, CA?
- About $2,416 a month: the median of the typical rents in 4 ZIP codes, which range from $2,416–$2,426. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Monterey, CA?
- About $2,009 a month: the median of the typical rents in 4 ZIP codes, which range from $2,000–$2,009. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Monterey, CA?
- About $3,261 a month: the median of the typical rents in 4 ZIP codes, which range from $3,261–$3,500+. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Monterey, CA?
- About $1,956 a month: the median of the typical rents in 4 ZIP codes, which range from $1,910–$1,956. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Monterey, CA?
- About $3,551 a month: the median of the typical rents in 4 ZIP codes, which range from $3,500–$3,551. Figures are gross rent (rent plus tenant-paid utilities).
- Which Monterey ZIP code has the highest rent?
- For a 2-bedroom, 93940 has the highest typical rent at $2,426 a month, and 93942 the lowest at $2,416.
- What is the property tax rate in Monterey, CA?
- Owner-occupied homes in Monterey County pay a typical 0.63% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Monterey rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).