11

Newest Homes for Rent in Morro Bay, CA

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  • /18

    $2,800 Per Month

    • 2 Beds
    • 2 Baths
    • 990 Sq Ft
    • House for Rent

    470 Java St, Morro Bay, CA 93442

    This updated 2-bedroom, 2-bath detached home is located in a well-established neighborhood of North Morro Bay, just a short distance from Morro Strand State Beach. The home features an attached garage with washer and dryer hookups, as well as a thoughtfully maintained interior. The kitchen comes equipped with a dishwasher, electric stove, and a refrigerator will be installed prior to occupancy.

    470 Java St, Morro Bay, CA 93442
  • /10

    $2,200 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
  • /15

    $2,800 Per Month

    • 2 Beds
    • 1 Bath
    • 708 Sq Ft
    • House for Rent

    960 Balboa St, Morro Bay, CA 93442

    Welcome home to a Morro Bay Heights Coastal Classic! This darling two-bedroom cottage features a welcoming front porch, laminate flooring, free standing fireplace, a spacious kitchen, walk-in shower, a 2 car garage with newer washer and dryer and a large backyard for gardening enthusiasts! This adorable home is ideally situated, just a short distance away from the downtown area, the Embarcadero,

    Jana Baldwin Central Coast Real Estate

    960 Balboa St, Morro Bay, CA 93442
  • /2

    $4,200

    Total Monthly Price

    • 3 Beds
    • 2.5 Baths
    • 1,654 Sq Ft
    • Condo for Rent

    457 Piney Way Unit Piney Way Duplex, Morro Bay, CA 93442

    Be the first to live in this beautifully constructed 3BR/2.5BA duplex located in one of Morro Bay's most desirable neighborhoods. (Garage driveway and sidewalk to be completed this week.) Offering approximately 1,768 sq ft of thoughtfully designed living space, this two-story home combines modern comfort with coastal charm. Enjoy partial ocean and Morro Rock views from upstairs living areas and

    457 Piney Way Unit Piney Way Duplex, 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
  • /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
  • /36

    $5,595 Per Month

    • 2 Beds
    • 2 Baths
    • 1,694 Sq Ft
    • House for Rent

    2440 Greenwood Ave, Morro Bay, CA 93442

    North Morro Bay beach house with beautiful views of ocean and Morro rock! Open and bright floor plan. Kitchen, living, dining and open-air deck to enjoy California living. Upstairs great room with built in workspace and stunning views from all large windows. Fully furnished for 1 month or longer rental. All new kitchen appliances. Finished garage with laundry too. Great neighborhood with

    2440 Greenwood Ave, 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
  • /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
  • /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

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 $3,000 per month, though prices vary by neighborhood, size, and property type. As of July 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 $120,000 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 $3,000 per month in Morro Bay, CA, renters typically need to show $9,000 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 26.3, 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, Billygoat Acres, Cuesta Park and Highland, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
11
Median Rent
$3,000
Median Single Family Home Rent
$2,800
Median Townhouse Rent
$2,450
Median Condo Rent
$2,000
How to Rent a Home