Morro Bay

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Morro Bay, CA Area Guide

Avg Rent

$1,103

Population

11,948

Renter Mix

43% Rent

The true jewel of California is Morro Bay.

Pacific Ocean Surfing Beach Coastal Living Nature Outdoor Adventures

Morro Bay is the kind of coastal town where a 581-foot volcanic rock jutting out of the Pacific sets the tone for everything around it. Designated a National Historical Landmark, Morro Rock anchors this small San Luis Obispo County city in a way that's hard to forget once you've seen it. The Embarcadero waterfront invites long walks past fishing boats and seafood shacks, while Morro Bay State Park and Morro Strand State Beach offer three miles of shoreline for kayaking, beachcombing, and bird-watching over one of the Central Coast's most protected estuaries. Sitting almost exactly halfway between Los Angeles and San Francisco, the city delivers a laid-back pace that bigger metros simply can't match.

Rentals here tend to be cozy cottages, low-rise apartment communities, and single-family homes that reflect the town's unhurried character. The area draws outdoor enthusiasts thanks to its proximity to Montana de Oro State Park and easy water access year-round. Morro Bay holds a place in film history as well—Pixar's Finding Dory used the town's Marine Sanctuary as creative inspiration for its Marine Life Institute setting, a nod to the real conservation work happening right in the bay.

Demographics

Median Household Income

$83,786

Average: $108,483

Education

5,070

Residents Have a Degree

Job Market

5,534

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

54 Years

Largest Age Group

65-74 Years

Approximately 18% of Residents

Under 20

16%

Over 65

35%

Housing Distribution

Morro Bay has more homeowners than renters.

Renters
43%
Non-Renters
57%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
36%
Other Education
64%

Rent Trends

As of April 2026, the average apartment rent in Morro Bay, CA is $1,103 for one bedroom, $1,309 for two bedrooms, and $1,888 for three bedrooms. Apartment rent in Morro Bay has increased by 0.6% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,103/month
0 Sq Ft
See Rental Market Trends in Morro Bay, CA

Getting Around

Somewhat Walkable

Walkability

30 / 100

Exceptionally Drivable

Drivability

90 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Del Mar Elementary

Public

Grades K-5

271 Students

Morro Bay High

Public

Grades 9-12

751 Students

Points of Interest

Parks and Recreation

  • Morro Strand State Beach
  • Morro Bay State Park
  • Los Osos Oaks State Reserve
  • Cayucos State Beach
  • San Luis Obispo Botanical Garden

Airports

  • San Luis County Regional

Top Apartments in Morro Bay

Houses for Rent in Morro Bay

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.