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Morro Bay, CA Homes for Rent

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  • /29

    $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

    $1,500 Per Month

    • 1 Bath
    • 331 Sq Ft
    • Apartment for Rent

    440 Atascadero Rd Unit 10, Morro Bay, CA 93442

    FOR LEASE! 440 Atascadero Rd. #10, Morro Bay. This is a Studio apartment in the lovely Morro Gardens Apartments, located on Highway 41 in Morro Bay. A one year lease is required. No Pets allowed. This unit is single story with 2 steps at entry. It has a separate kitchen, Wood laminate flooring throughout, one covered carport parking space directly in front of unit, and one full bath. There is a

    Aaron Anderson Rock View Realty

    440 Atascadero Rd Unit 10, 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
    • 1,365 Sq Ft
    • 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. Includes garage space that is shared with other units. Please note that the washer and dryer will be shared with two other units on the property and is located in the

    917 Anchor St, 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
  • /3

    $3,000 Per Month

    • 2 Beds
    • 2.5 Baths
    • AVAILABLE JUNE - Morro Bay Home Close to Beach

    478 Rockview St, Morro Bay, CA 93442

    *MORE PHOTOS TO COME*The showing link to this property is: View Showing AvailabilityThis two bedroom, two-and-a-half bathroom home is situated with a stunning view of Morro Bay. The property is clean and well-lit throughout, with granite countertops in the kitchen and bathrooms as well as a fireplace in the living room. Two outdoor decks provide views of the ocean and

    478 Rockview St, Morro Bay, CA 93442
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    $2,500 Per Month

    • 2 Beds
    • 2 Baths
    • AVAILABLE NOW - 2 Bed/ 2 Bath Morro Bay Unit with views

    917 Anchor St Unit B, 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 garage space that is shared with other units. Please note that the washer and dryer will be shared with two other units on the property and is located in

    917 Anchor St Unit B, 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 $2,600 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 $104,000 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 $2,600 per month in Morro Bay, CA, renters typically need to show $7,800 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 30.4, 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, Foothill and Santa Rosa, each with its own character and price range.

Rental Trends in Morro Bay, CA

Rental Home Trends

Number of Homes for Rent
8
Median Rent
$2,600
Median Single Family Home Rent
$2,600
Median Townhouse Rent
$2,450
Median Condo Rent
$1,800
How to Rent a Home