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Morro Bay, CA Homes for Rent

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  • /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
  • /40

    $4,400 Per Month

    • 2 Beds
    • 2 Baths
    • 1,100 Sq Ft
    • Apartment for Rent

    1108A Front St, Morro Bay, CA 93442

    BRAND NEW 2026 CONSTRUCTION! CORNER UNIT PENTHOUSE FACING THE WATER IN MORRO BAY!! Experience coastal living at its absolute finest. This brand-new, never-lived-in 2-bedroom, 2-bathroom residence places you directly on the water in highly desirable Morro Bay. The location is in the heart of the Morro Bay and the Embarcadero. Walk to every store and the wonderful seafood restaurants. This is a

    Lisa Karos Coldwell Banker Realty

    1108A Front St, Morro Bay, CA 93442
  • /7

    $3,000 Per Month

    • 2 Beds
    • 2.5 Baths
    • 995 Sq Ft
    • Well maintained 2 bedroom home

    2955 Hemlock Ave, Morro Bay, CA 93442

    Charming 2 story 2 bedroom, 2.5 bath home with 1 car garage in North Morro Bay. The downstairs level features 2 bedrooms and 2 baths. Once you are upstairs you'll see the spacious living room with vaulted ceilings, fireplace and some views. Upstairs has a guest bath, kitchen features a newer refrigerator, dishwasher, microwave, gas range and nice cabinets. There is a dining area off the

    2955 Hemlock Ave, Morro Bay, CA 93442
  • /57

    $3,800 Per Month

    • 3 Beds
    • 2 Baths
    • 1,775 Sq Ft
    • House for Rent

    978 Balboa St, Morro Bay, CA 93442

    Available September 1st - A Furnished House with a view of Morro Rock: 3 Bedrooms, 2 Full Bathrooms, Vaulted Ceilings, Ceiling Fans, Smart TV's, Fireplace, Laundry Inside, Covered Balconies, Private Yard, Utilities, WIFI and Landscaping Included. 1-pet considered, NO SMOKING, 700 minimum credit score required.

    Yvonne Fisher Fisher Real Estate

    978 Balboa St, Morro Bay, CA 93442
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    $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
  • /10

    $4,300 Per Month

    • 3 Beds
    • 2 Baths
    • AVAILABLE SEPTEMBER- Walking Distance From The Beach - 3 Bed / 2 Bath

    1156 Market Ave, Morro Bay, CA 93442

    COSIGNERS / GUARANTORS ARE NOT ACCEPTED FOR THIS PROPERTYThe showing link for the property is: View Showing AvailabilityThis beautiful 3 bedroom, 2 bathroom home is located walking distance from the beach. The home features custom soft-close cabinetry, quartz countertops, and luxury vinyl plank flooring throughout the kitchen, and a solar tube in the hallway that fills the

    1156 Market 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
  • /40

    $3,600 Per Month

    • 2 Beds
    • 1 Bath
    • 1,068 Sq Ft
    • Classic MB Beach home- 2 Bed 1 Bath Home with a view of the water and the rock!

    550 Piney Way, Morro Bay, CA 93442

    Looking for a great 2-bedroom 1 bath home in MB with a nice view, look no further! This classic beach home offers a spacious living room and a formal dining area. Plenty of counter space and cabinets in the kitchen. Comes with a detached 1 car garage. Backyard offers plenty of room for your green thumbs or simply to entertain guests. Wonderful place to call home! Great opportunity!

    550 Piney Way, Morro Bay, CA 93442
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    $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
  • /10

    $2,150 Per Month

    • 1 Bed
    • 1 Bath
    • LSSCHR840

    840-860 Shasta Ave Unit 860-B, Morro Bay, CA 93442

    840-860 Shasta Ave Unit 860-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 $3,450 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 Morro Bay, CA?
To comfortably afford the median rent in Morro Bay, CA, a household needs to earn roughly $138,000 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 $3,450 per month in Morro Bay, CA, renters typically need to show $10,350 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 22.9, 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, Madonna, Highland, Foothill and Santa Rosa, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$3,450
Median Single Family Home Rent
$3,450
Median Townhouse Rent
$2,000
Median Condo Rent
$1,650
How to Rent a Home