Rent in Morro Bay, CA
Across Morro Bay's 2 ZIP codes, a 2-bedroom typically rents for about $2,354 a month, with figures from $1,987–$2,720. The highest typical rent is in 93443 ($2,720) and the lowest in 93442 ($1,987). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in San Luis Obispo County pay about 0.68% 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 | $1,894 | $1,894 | 2 |
| 1 bed | $1,811 | $1,543–$2,079 | 2 |
| 2 beds | $2,354 | $1,987–$2,720 | 2 |
| 3 beds | $3,075 | $2,515–$3,634 | 2 |
| 4 beds | $4,208 | $4,208 | 2 |
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).
Morro Bay ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Morro Bay, CA?
- About $2,354 a month: the median of the typical rents in 2 ZIP codes, which range from $1,987–$2,720. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Morro Bay, CA?
- About $1,811 a month: the median of the typical rents in 2 ZIP codes, which range from $1,543–$2,079. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Morro Bay, CA?
- About $3,075 a month: the median of the typical rents in 2 ZIP codes, which range from $2,515–$3,634. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Morro Bay, CA?
- About $1,894 a month: the median of the typical rents in 2 ZIP codes, which range from $1,894. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Morro Bay, CA?
- About $4,208 a month: the median of the typical rents in 2 ZIP codes, which range from $4,208. Figures are gross rent (rent plus tenant-paid utilities).
- Which Morro Bay ZIP code has the highest rent?
- For a 2-bedroom, 93443 has the highest typical rent at $2,720 a month, and 93442 the lowest at $1,987.
- What is the property tax rate in Morro Bay, CA?
- Owner-occupied homes in San Luis Obispo County pay a typical 0.68% 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 Morro Bay rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).