10

Morro Bay, CA Homes for Rent

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  • /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
  • /50

    $6,500

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    300 Kings Ave, Morro Bay, CA 93442

    Open-concept living with walls of windows throughout to capture ocean, bay and golf course views. 1950's Midcentury home, mixed with original and new amenities. On golf course, close to beach, shopping, Embarcadero, and state park. 3BD/2BA. Large patio and decks with BBQ. Open floor plan to maximize the amazing views throughout the home. Large 1950's single pane windows throughout the

    300 Kings Ave, Morro Bay, CA 93442
  • /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
  • /12

    $2,250 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Morro Bay I Bedroom - Blocks to the Beach

    2916 Alder Ave, Morro Bay, CA 93442

    One bedroom, utilities included and WiFI. Welcome to your cozy 1 bedroom, 1 bathroom. This charming house features built-in storage, solid surface countertops, and LVP flooring throughout for a modern touch. The property boasts a storage shed for all your belongings, shared washer/dryer for convenience. Just blocks away from the beach, you can enjoy the coastal breeze and stunning views. Located

    2916 Alder Ave, 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
  • /68

    $2,750 Per Month

    • 2 Beds
    • 1 Bath
    • Views of Morro Bay in this cozy hillside cottage!

    2636 Ironwood Ave, Morro Bay, CA 93442

    This renovated 2-bedroom 1 bathroom home offers spectacular views of Morro Bay including the Rock. Brand new paint throughout interior and exterior. Upgraded bathroom and kitchen. It's a must see! Tenant pays all utilities. Please contact for more information. Thank you.

    2636 Ironwood Ave, 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

Why Live in Morro Bay

Morro Bay, located on California’s Central Coast, is a picturesque seaside fishing village about 15 miles from San Luis Obispo. Known for its stunning coastal landscape, the town features the iconic Morro Rock, part of the volcanic Nine Sisters chain, rising from the Pacific Ocean beside a sandy beach and a quaint downtown harbor. The area offers ample opportunities for water recreation, including sailing, surfing, fishing, and birdwatching. With a population of roughly 11,000, Morro Bay attracts retirees, families, and young professionals, many of whom work remotely or in the local service and hospitality industries. The community is tight-knit, with residents looking out for each other despite the influx of tourists.

Morro Bay boasts extensive natural attractions, such as the 6-mile stretch of Morro Rock Beach and Morro Strand State Beach, ideal for swimming, surfing, and whale watching. The 2,700-acre Morro Bay State Park offers wetlands and marshes that attract around 250 migratory bird species, along with trails leading to Black Hill and Cerro Cabrillo. The park also features a marina, an 18-hole golf course, and the Morro Bay Museum of Natural History.

Housing in Morro Bay ranges from mid-20th-century beach bungalows and coastal cottages near the Embarcadero to newer custom homes on rolling hills with water views. The median home price is around $955,000, with oceanfront properties and elevated homes commanding higher prices. The Embarcadero is the hub for boutique shopping and fresh seafood dining, with local markets offering daily catches.

Morro Bay is part of the highly rated San Luis Coastal Unified School District, recognized as the best in San Luis Obispo County. The area also enjoys lower-than-average property and violent crime rates. Public transportation is available through the San Luis Obispo Regional Transit Authority, and the town is conveniently located near the scenic Highway 1. Medical facilities and the San Luis Obispo County Airport are within a short drive.

Frequently Asked Questions

How much does it cost to rent a home in Morro Bay, CA?
The median rent for a home in Morro Bay, CA is $2,775 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos 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 $111,000 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 $2,775 per month in Morro Bay, CA, renters typically need to show $8,325 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 28.4, 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 home?
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 home include Cayucos, Billygoat Acres, Highland, Bishops Knoll and Foothill, each with its own character and price range.

Rental Trends in Morro Bay, CA

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$2,775
Median Single Family Home Rent
$2,725
Median Townhouse Rent
$2,450
Median Condo Rent
$2,450
How to Rent a Home