Morro Bay, CA Condos for Rent

/28
$2,450

Total Monthly Price
- 1 Bed
- 1 Bath
- 744 Sq Ft
- Condo for Rent
2605 Nutmeg Ave Unit A, Morro Bay, CA 93442

Modern, fully furnished, one bedroom; all inclusive apartment in a quiet neighborhood. Great walkable neighborhood. Easy walk to grocery store, farmers market, beach. Great sunset, ocean and Morro rock views. Most attractions and sights are within one hour (or less) driving, such as Hearts Castle, Madonna Inn, SLO County Wine Country, hiking trails. Fully appointed kitchen with stainless steel

2605 Nutmeg Ave Unit A, Morro Bay, CA 93442
Explore Morro Bay
/5
$2,395 Per Month
- 1 Bed
- 1 Bath
- MAIN ST
1187-1191 Main St Unit 1189, Morro Bay, CA 93442

1187-1191 Main St Unit 1189, Morro Bay, CA 93442
/41
$6,900 Per Month
- 3 Beds
- 3 Baths
- 2,150 Sq Ft
- AVAILABLE NOW - Executive Luxury Ocean-View Home in Prime Morro Bay Location - 3 Bed / 3 Bath
2670 Laurel Ave, Morro Bay, CA 93442

CO-SIGNERS / GUARANTORS ARE NOT BEING ACCEPTED FOR THIS PROPERTY.The showing link to this property is: View Showing AvailabilityCA DRE Broker's Lic # 0187602

2670 Laurel Ave, Morro Bay, CA 93442
/6
$1,250 Per Month
- Studio
- 1 Bath
- AVAILABLE NOW - Downstairs Morro Bay Studio
917 Anchor St, Morro Bay, CA 93442

The showing Link to this property is: View Showing AvailabilityDownstairs studio unit located close to Downtown Morro Bay and The Embarcadero. This unit comes with refrigerator, stove and walk-in shower. No access to garage however washer and dryer is shared with upstairs unit.12 month Lease. This is a NO PETS property. No smoking is allowed inside the home. Utilities are

917 Anchor St, Morro Bay, CA 93442
/15
$3,200 Per Month
- 2 Beds
- 2 Baths
- LEASE PENDING - 2 Bed, 2 Bath Downstairs Morro Bay Apartment
599 San Jacinto St Unit B, Morro Bay, CA 93442

The showing link for this property is: View Showing AvailabilityEnjoy coastal living in this newly built 2 bedroom 2 bathroom home located in beautiful Morro Bay. This property offers a comfortable and functional layout with plenty of desirable features. The home includes a single-car garage along with additional street parking for your convenience. Step outside to a private back

599 San Jacinto St Unit B, Morro Bay, CA 93442
/14
$1,800 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
1105 Morro Ave Unit 14, Morro Bay, CA 93442

1105 Morro Ave Unit 14, Morro Bay, CA 93442
/14
$2,500 Per Month
- 2 Beds
- 2 Baths
- AVAILABLE NOW - 2 Bed/ 2 Bath Morro Bay Unit with views
917 Anchor St, Morro Bay, CA 93442

The showing link for this property is: View Showing AvailabilityThis airy, upstairs 2 Bed/2 Bath offers Ocean and Morro Rock views. Charming spacious kitchen with a lot of storage, wraparound deck with beautiful views. Includes a 2 car garage with washer and dryer hookups.Unit can come furnished with the existing furniture or unfurnished. 12 month Lease. This is a NO

917 Anchor St, Morro Bay, CA 93442

California San Luis Obispo County Morro Bay

Frequently Asked Questions

How much does it cost to rent a condo in Morro Bay, CA?

The median rent for a condo in Morro Bay, CA is $2,098 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Morro Bay, CA?

To comfortably afford the median rent in Morro Bay, CA, a household needs to earn roughly $110,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,750 per month in Morro Bay, CA, renters typically need to show $8,250 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Morro Bay, CA?

In Morro Bay, CA, the price-to-rent ratio is 28.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Morro Bay, CA are best for renting a condo?

The best neighborhood for renting in Morro Bay, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Highland, Madonna, Santa Rosa, Alta Vista and Downtown San Luis Obispo, each with its own character and price range.

Condo Rental Trends in Morro Bay, CA

There are currently 7 condos available for rent in Morro Bay, CA. The median rent is $2,098 per month, with 1-bedroom condos renting at $2,395, 2-bedroom condos at $3,200 and 3-bedroom condos at $3,355.

Rental Home Trends

Number of Condos for Rent 7	Median Condo Rent $2,098
Median 1 Bedroom Condo Rent $2,395	Median 2 Bedroom Condo Rent $3,200
Median 3 Bedroom Condo Rent $3,355

How to Rent a Home

Rentals in Morro Bay

Morro Bay Apartments for Rent

More About Living in Morro Bay

Condos for Rent in Nearby Neighborhoods

Condos for Rent in Nearby Cities

Condos for Rent in Nearby Counties

San Luis Obispo County Condos for Rent

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