Why Live in Monterey Park
Monterey Park, California, is a suburban community, not far from all that's happening in Los Angeles. The city attracts homebuyers with its mix of housing choices, including single-family homes featuring Spanish Revival and midcentury modern architecture, as well as townhouses and condos. Prices tend to be higher than in downtown LA or East LA, but residents enjoy more space and a peaceful atmosphere. Monterey Park is known for its dining options along Garvey Avenue and Atlantic Boulevard, with popular spots like NBC Seafood Restaurant, Chubby Cattle and Mama Lu's Dumpling House. Shopping centers along Atlantic Boulevard feature national brands and unique stores like Daiso. The city’s main recreation spot is Barnes Park, which hosts annual events such as the Cherry Blossom Festival, Cinco de Mayo Celebration and a weekly Farmers' Market. Garvey Ranch Park houses the Monterey Park Historical Museum and an observatory, while Edison Trails Park has hiking trails. Families here are zoned for one of four school districts serving the area. Residents can easily access downtown LA, less than 10 miles away, via Interstate 10, though traffic can extend travel times. Public transportation options include Los Angeles County Metropolitan Transportation Authority bus lines, Montebello Bus Lines and the city's Spirit Bus circulator, with the nearest Metrolink train station located near the California State University campus.
Frequently Asked Questions
How much does it cost to rent a home in Monterey Park, CA?
The median rent for a home in Monterey Park, CA is $3,250 per month, though prices vary by neighborhood, size, and property type. As of August 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 Monterey Park, CA?
To comfortably afford the median rent in Monterey Park, CA, a household needs to earn roughly $130,000 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 $3,250 per month in Monterey Park, CA, renters typically need to show $9,750 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 Monterey Park, CA?
In Monterey Park, CA, the price-to-rent ratio is 22.6, 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 Monterey Park, CA are best for renting a home?
There are currently 1 homes available for rent in Monterey Park, CA. The median rent is $3,250 per month, with single-family homes renting at $3,500, townhouses at $2,850 and condos at $2,600.
Number of Homes for Rent
1
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Median Single Family Home Rent
$3,500
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Median Townhouse Rent
$2,850
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