Average Rent in Monterey Park, CA

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Current Versus Historical Monterey Park, CA Rents

Monterey Park rentals average $2,150 for a 1-bedroom rental to $3,900 for a 4-bedroom rental. The median price of all currently available listings is $3,100, or roughly $31 per square feet.

For the apartment units and housing in July 2026, median rents have risen over the last year. Studio rentals prices have increased by $150 (12.00%) year-over-year from $1,250 to $1,400. 1-bedroom rentals prices have increased by $188 (9.55%) year-over-year from $1,963 to $2,150. 2-bedroom rentals prices have increased by $342 (15.30%) year-over-year from $2,233 to $2,575. 3-bedroom rentals prices have decreased by $283 (-7.59%) year-over-year from $3,733 to $3,450. 4-bedroom rentals prices have decreased by $250 (-6.02%) year-over-year from $4,150 to $3,900. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.44% this month. 1-bedroom rents have gone up by 6.66% this month. 2-bedroom rents have gone down by 2.34% this month. 3-bedroom rents have gone up by 1.57% this month. 4-bedroom rents have gone down by 11.90% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$46.08	$2,150	$1,963 (9.55%)	$1,748 (22.97%)
2 BR	$32.01	$2,575	$2,233 (15.30%)	$2,398 (7.37%)
3 BR	$28.78	$3,450	$3,733 (-7.59%)	$3,285 (5.04%)
4+ BR	$28.59	$3,900	$4,150 (-6.02%)	$3,900 (0.00%)

Historical Rents in Monterey Park, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Monterey Park

There are a total of 2 cities nearby Monterey Park. The average rent in Monterey Park is currently $3,000 per month. Only one city nearby has an average rent lower than that. Our records show that Alhambra, CA, with an average rent of $2,700, is the most affordable city nearby. In contrast, the most expensive city near Monterey Park, CA is Monterey Park, CA. Monthly rents here are on average $3,300 per month.

Let's compare Monterey Park, CA's rent against other top cities nearby by bedroom size. One bedrooms are about 6.98% more expensive. Two bedrooms in Monterey Park, CA are about 13.59% more affordable. Finally, rent for three bedrooms are about 3.62% more affordable. Want more information? Check out the top 2 cities near Monterey Park, CA in the following table.

City	Studio	1 Bed	2 Bed	All
Alhambra, CA	$1,688	$1,850	$2,600	$2,700
Monterey Park, CA	N/A	$2,150	$3,250	$3,300

Top Neighborhoods Near Monterey Park

There are a total of 5 neighborhoods in or near Monterey Park. Some of these neighborhoods include Downtown Los Angeles, Historic Cultural, and Greater Echo Park Elysian. We've included all of these top 5 neighborhoods in or near Monterey Park, CA in the following table.

The average rent for these 5 neighborhoods in or near Monterey Park, CA is currently around $2,895 per month. A total of 3 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $2,895. Interestingly, the neighborhoods' average rent is less than Monterey Park's average rent, which is actually $3,100. Out of all the neighborhoods in or near Monterey Park, Downtown Los Angeles has the most affordable average rent at $2,800 per month. Whereas, at $3,995 average rent per month, Highland Park is the most expensive neighborhood in or near Monterey Park. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Los Angeles, Los Angeles, CA	$2,122	$2,790	$4,094	$2,800
Historic Cultural, Los Angeles, CA	$1,956	$2,339	$2,966	$2,808
Greater Echo Park Elysian, Los Angeles, CA	$1,525	$2,202	$2,895	$2,895
Silver Lake, Los Angeles, CA	$1,745	$2,495	$4,423	$3,473
Highland Park, Los Angeles, CA	$1,950	$2,173	$3,350	$3,995

Top Counties Near Monterey Park

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Monterey Park

There are a total of 9 zipcodes in or near Monterey Park, CA. The average rent for all of these zipcodes is $2,825. A total of 7 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 90013, Los Angeles, CA at $2,305 per month. In comparison, the zipcode with the most expensive average rent of $4,605 per month is 90039, Los Angeles, CA.

Studios in these zipcodes have an average rent of $1,900. That's at least $43 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Monterey Park, CA is $2,345 per month. Or in other words, $40 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,416 per month. Which comes out to $40 per sqft. The following table includes the top 9 zipcodes in Monterey Park, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
91801, Alhambra, CA	$1,695	$1,888	$2,575	$2,790
90042, Los Angeles, CA	$1,950	$2,173	$3,300	$3,950
90013, Los Angeles, CA	$1,900	$2,550	$3,850	$2,305
90012, Los Angeles, CA	$2,057	$2,319	$2,950	$2,791
90017, Los Angeles, CA	$2,122	$2,793	$3,416	$2,703
90026, Los Angeles, CA	$1,650	$2,345	$3,698	$2,895
90015, Los Angeles, CA	$1,300	$2,750	$4,500	$2,900
90011, Los Angeles, CA	N/A	$1,800	$2,650	$2,825
90039, Los Angeles, CA	$2,199	$2,795	$3,995	$4,605

Frequently Asked Questions - Monterey Park Average Rents

What is the average rent price in Monterey Park, CA?

The average monthly rental price for Monterey Park, CA apartments for rent is approximately $3,100. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Monterey Park, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Monterey Park, CA.

How much is a one bedroom apartment in Monterey Park, CA?

The average monthly rental price for one bedroom apartments is $2,150 and an average price per square feet of $46.08. There are a total of 2 one bedroom apartment listings currently available for rent in Monterey Park.

How much is a two bedroom apartment in Monterey Park, CA?

The average monthly rental price for two bedroom apartments is $2,575 and an average price per square feet of $32.01. There are a total of 12 two bedroom apartment listings currently available for rent in Monterey Park.

How have rent prices in Monterey Park, CA changed this year?

Rent prices for rentals in Monterey Park, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.12%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.15%, three bedroom rental prices have changed by -0.08% year-over-year.

What is a reasonable rent price in Monterey Park, CA?

A reasonable rent price in Monterey Park, CA is around $2,480/month. You can search for these reasonably priced rental listings on RentHop.