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Morro Bay, CA Condos for Rent

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  • /41

    $8,500 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
  • /20

    $2,300 Per Month

    • 1 Bed
    • 1 Bath
    • 530 Sq Ft
    • Condo for Rent

    828 Napa Ave Unit 828 Napa Ave., Morro Bay, CA 93442

    This upstairs one bedroom, one bathroom apartment was recently renovated and is located above a commercial space in a multi-unit complex. Its central location makes it an easy walk to anywhere you might need to go in Morro Bay. Features include great views of Morro Rock, new flooring, paint, and a large bedroom closet. Water, Sewer, and Trash included.Notes: Parking for one car.

    828 Napa Ave Unit 828 Napa Ave., Morro Bay, CA 93442
  • /18

    $3,250 Per Month

    • 3 Beds
    • 2 Baths
    • 1,698 Sq Ft
    • AVAILABLE AUGUST - 3 Bed, 2 Bath Morro Bay home - Short term Lease

    545 Driftwood St, Morro Bay, CA 93442

    The showing link for this property is: View Showing AvailabilityBeautiful 3 bedroom, 2 bathroom home located in the desirable Morro Bay, CA. This spacious home features an attached garage for convenient parking, a deck perfect for enjoying the scenic views and Morro Rock. Situated close to schools, shopping, hiking and the beach. With plenty of space for all your needs, this home

    545 Driftwood St, Morro Bay, CA 93442
  • /9

    $2,300 Per Month

    • 1 Bed
    • 1 Bath
    • AVAILABLE SEPTEMBER- Walking Distance From The Beach - 1 Bed / 1 Bath

    1156 Market Ave Unit A, Morro Bay, CA 93442

    COSIGNERS / GUARANTORS ARE NOT ACCEPTED FOR THIS PROPERTYThe showing link for the property is: View Showing AvailabilityThis charming 1 bedroom, 1 bathroom ADU also includes a flex room, perfect for a home office or studio space. The kitchen is appointed with butcher block countertops and custom soft-close cabinets, while a mini-split heat/AC unit keeps the space comfortable

    1156 Market Ave Unit A, Morro Bay, CA 93442
  • /9

    $2,300 Per Month

    • 1 Bed
    • 1 Bath
    • AVAILABLE SEPTEMBER- Walking Distance From The Beach - 1 Bed / 1 Bath

    1156 Market Ave Unit A, Morro Bay, CA 93442

    COSIGNERS / GUARANTORS ARE NOT ACCEPTED FOR THIS PROPERTYThe showing link for the property is: View Showing AvailabilityThis charming 1 bedroom, 1 bathroom ADU also includes a flex room, perfect for a home office or studio space. The kitchen is appointed with butcher block countertops and custom soft-close cabinets, while a mini-split heat/AC unit keeps the space comfortable

    1156 Market Ave Unit A, Morro Bay, CA 93442
  • /20

    $2,300 Per Month

    • 1 Bed
    • 1 Bath
    • 530 Sq Ft
    • Condo for Rent

    828 Napa Ave Unit 828 Napa Ave., Morro Bay, CA 93442

    This upstairs one bedroom, one bathroom apartment was recently renovated and is located above a commercial space in a multi-unit complex. Its central location makes it an easy walk to anywhere you might need to go in Morro Bay. Features include great views of Morro Rock, new flooring, paint, and a large bedroom closet. Water, Sewer, and Trash included.Notes: Parking for one car.

    828 Napa Ave Unit 828 Napa Ave., Morro Bay, CA 93442

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 $2,300 per month, though prices vary by neighborhood, size, and property type. As of August 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 $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 Morro Bay, 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 Morro Bay, CA?
In Morro Bay, CA, the price-to-rent ratio is 24.2, 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 Cayucos, Highland, Santa Rosa, Madonna and Downtown San Luis Obispo, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
6
Median Condo Rent
$2,300
Median 1 Bedroom Condo Rent
$2,300
Median 2 Bedroom Condo Rent
$4,400
Median 3 Bedroom Condo Rent
$4,300
How to Rent a Home