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Rental Market Trends in Monterey Park, CA

What is the average rent in Monterey Park, CA?

$1,532/month

Average Rent

388 Sq Ft

Average Apartment Size

-0.8%

Decrease in the Last Year

As of January 2026, the average rent in Monterey Park, CA is $1,532 per month. For comparison, the national average rent price in the US is currently $1,624/month, which means Monterey Park rent prices are 6% lower than the national average. When you rent an apartment in Monterey Park, you can expect to pay about $1,129 per month for a studio, $1,532 for a one-bedroom apartment, and around $1,808 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,059 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,129/month
449 Sq Ft
One Bedroom
$1,532/month
388 Sq Ft
Two Bedroom
$1,808/month
507 Sq Ft
Three Bedroom
$2,059/month
525 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,905/month
933 Sq Ft
Three Bedroom
$3,777/month
1,288 Sq Ft
Four Bedroom
$4,470/month
1,984 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,092/month
613 Sq Ft
Two Bedroom
$2,845/month
857 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Monterey Park, CA?

In the past year, rent has decreased by 0.8%, which averages out to $11 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Monterey Park, CA
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Monterey Park, CA
Percentage*
Rent Range
0% Below $700/month
6% $700 - $1,000/month
32% $1,001 - $1,500/month
39% $1,501 - $2,000/month
23% Above $2,000/month

What salary do I need to live comfortably in Monterey Park, CA?

Because the average rent in Monterey Park is $1,532, you’ll want to make about $5,106 per month or $61,272 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

Monterey Park, CA

246 Available Apartments for Rent

Search for Nearby Apartments

How does Monterey Park, CA compare to other nearby cities and neighborhoods?

Use the tool below to compare Monterey Park, 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.

Explore the Area Guide for Monterey Park, CA

Apartment Averages

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Apartment communities in Monterey Park we think you'll love

Atlantic Times Square

Atlantic Times Square

580 N Atlantic Blvd,
Monterey Park, CA 91754

$3,500 - $4,000

2-3 Beds

Province

Province

398 W Valley Blvd,
San Gabriel, CA 91776

$3,030 - $6,750

Studio - 3 Beds

Luxe 1801

Luxe 1801

1801 Garvey Ave,
Alhambra, CA 91803

$2,250

1 Bed

Emerald Hills

Emerald Hills

855-877 W El Repetto Dr,
Monterey Park, CA 91754

$1,798 - $2,989

Studio - 3 Beds

Property Management Companies in Monterey Park, CA

Greystar
Greystar
  • 3,446

    Communities

  • 951,526

    Units

  • 887

    Cities

1 Community in Monterey Park
Cirrus Asset Management, Inc.
Cirrus Asset Management, Inc.
  • 91

    Communities

  • 10,565

    Units

  • 50

    Cities

1 Community in Monterey Park
Beach Front Property Management, Inc.
Beach Front Property Management, Inc.
  • 119

    Communities

  • 3,798

    Units

  • 36

    Cities

1 Community in Monterey Park
Positive Investments, Inc.
Positive Investments, Inc.
  • 35

    Communities

  • 3,130

    Units

  • 28

    Cities

1 Community in Monterey Park

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United States California Monterey Park 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity