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Rental Market Trends in Half Moon Bay, CA

Updated September 2026

The average rent in Half Moon Bay, CA is $1,293/month.

Rent in Half Moon Bay is 22% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.

$1,293/month

Average Rent

460 Sq Ft

Average Size

+2.1%

Change / Year

5

Available Apartments

Half Moon Bay rent varies by unit size and layout:

  • Studio apartments in Half Moon Bay average per month.
  • One-bedroom apartments in Half Moon Bay average $1,293 per month.
  • Two-bedroom apartments in Half Moon Bay average $2,650 per month.
  • Three-bedroom apartments in Half Moon Bay average $4,038 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,293/month
460 Sq Ft
Two Bedroom
$2,650/month
975 Sq Ft
Three Bedroom
$4,038/month
887 Sq Ft
View Half Moon Bay Apartments

How much has average rent changed in Half Moon Bay, CA?

In the past year, rent has increased by 2.1%, which averages out to $27 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Half Moon Bay, CA

September 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Half Moon Bay, CA
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Half Moon Bay?

Based on current rent prices, Peninsula Coastline is the most affordable neighborhood in Half Moon Bay.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Peninsula Coastline
$3,029/month
775 Sq Ft

What are the most expensive neighborhoods in Half Moon Bay?

Based on current rent prices, Peninsula Coastline is the most expensive neighborhood in Half Moon Bay.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Peninsula Coastline
$3,029/month
775 Sq Ft

Which Half Moon Bay neighborhoods have the most rentals available?

The neighborhood in Half Moon Bay with the most apartments available is Peninsula Coastline .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Peninsula Coastline
$3,029/month
775 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Half Moon Bay, CA?

Because the average rent in Half Moon Bay is $1,293, you’ll want to make about $4,310 per month or $51,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Half Moon Bay, CA

5 Available Apartments for Rent

Search for Nearby Apartments

How does Half Moon Bay, CA compare to other nearby cities and neighborhoods?

Use the tool below to compare Half Moon Bay, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Half Moon Bay Area Guide

Apartment Averages

Peninsula Coastline

Half Moon Bay, CA

Peninsula Coastline

Half Moon Bay, CA

Studio
-
-
One Bedroom
$1,293/month
$1,293/month
Two Bedroom
$2,650/month
$2,650/month
Three Bedroom
$4,038/month
$4,038/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Belmont

    Belmont

    Avg Rent: $3,090/month

  • Burlingame

    Burlingame

    Avg Rent: $3,316/month

  • Millbrae

    Millbrae

    Avg Rent: $2,710/month

  • San Mateo

    San Mateo

    Avg Rent: $3,189/month

  • San Carlos

    San Carlos

    Avg Rent: $2,731/month

  • Pacifica

    Pacifica

    Avg Rent: $2,750/month

Apartment Communities in Half Moon Bay We Think You'll Love

Mavericks Apartments

Mavericks Apartments

101 Avenue Portola,
Half Moon Bay, CA 94019

2-3 Beds | $3,500 - $4,915

20165 Cabrillo Hwy S

20165 Cabrillo Hwy S

20165 Cabrillo Hwy S,
Half Moon Bay, CA 94019

4 Beds | $34,900

157 Avenue Portola-SI ID1546001P

157 Avenue Portola-SI ID1546001P

157 Ave Portola,
El Granada, CA 94018

Studio | $3,999

411 San Carlos Ave

411 San Carlos Ave

411 San Carlos Ave,
El Granada, CA 94018

2 Beds | $3,900

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Frequently Asked Questions

What is the average rent in Half Moon Bay?

The average rent in Half Moon Bay is $1,293 per month, which is 22.3% lower than the national average of $1,665.

Are rents going up or down in Half Moon Bay?

Rents in Half Moon Bay, CA are increasing, with prices up 2.1% year-over-year and $27 more per month.

What rent range is most common in Half Moon Bay?

In Half Moon Bay, CA, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States California Half Moon Bay Rental Trends

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 September 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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity