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Rental Market Trends in Monterey Park, CA

Updated July 2026

The average rent in Monterey Park, CA is $1,573/month.

Rent in Monterey Park is roughly equal to the national average rent of of $1,663/month.

$1,573/month

Average Rent

302 Sq Ft

Average Size

+4.8%

Change / Year

207

Available Apartments

Monterey Park rent varies by unit size and layout:

  • Studio apartments in Monterey Park average $1,138 per month.
  • One-bedroom apartments in Monterey Park average $1,573 per month.
  • Two-bedroom apartments in Monterey Park average $1,852 per month.
  • Three-bedroom apartments in Monterey Park average $2,081 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,138/month
449 Sq Ft
One Bedroom
$1,573/month
302 Sq Ft
Two Bedroom
$1,852/month
511 Sq Ft
Three Bedroom
$2,081/month
525 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$3,593/month
1,278 Sq Ft
Four Bedroom
$4,863/month
2,074 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,496/month
818 Sq Ft
Three Bedroom
$3,068/month
1,281 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$3,014/month
1,139 Sq Ft
Three Bedroom
$3,318/month
973 Sq Ft
View Monterey Park Apartments

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

In the past year, rent has increased by 4.8%, which averages out to $76 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Monterey Park, CA

July 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
26% $1,001 - $1,500/month
39% $1,501 - $2,000/month
29% Above $2,000/month

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

Because the average rent in Monterey Park is $1,573, you’ll want to make about $5,243 per month or $62,916 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

207 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.

View the Monterey Park Area Guide

Apartment Averages

Apartment Communities in Monterey Park We Think You'll Love

Atlantic Times Square

Atlantic Times Square

580 N Atlantic Blvd,
Monterey Park, CA 91754

2-3 Beds | $3,500 - $4,000

Province

Province

398 W Valley Blvd,
San Gabriel, CA 91776

Studio - 3 Beds | $2,954 - $5,958

Luxe 1801

Luxe 1801

1801 Garvey Ave,
Alhambra, CA 91803

1-2 Beds | $2,132 - $2,792

Alhambra Gardens

Alhambra Gardens

1221 S Atlantic Blvd,
Alhambra, CA 91803

1-2 Beds | $1,895 - $2,295

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Frequently Asked Questions

What is the average rent in Monterey Park?

The average rent in Monterey Park is $1,573 per month, which is 5.4% lower than the national average of $1,663.

What is the average rent for a house in Monterey Park?

The average rent for a house in Monterey Park, CA is $3,593 per month.

What is the average rent for a townhome in Monterey Park?

The average rent for a townhome in Monterey Park, CA is $3,014 per month.

Are rents going up or down in Monterey Park?

Rents in Monterey Park, CA are increasing, with prices up 4.8% year-over-year and $76 more per month.

What rent range is most common in Monterey Park?

In Monterey Park, CA, 39% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

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 June 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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© 2026 CoStar Group, Inc.

Equal Housing Opportunity