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Morro Bay, CA Houses for Rent

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  • 978 Balboa St, Morro Bay, CA 93442
    978 Balboa St, Morro Bay, CA 93442
    978 Balboa St, 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
  • 550 Piney Way, Morro Bay, CA 93442
    550 Piney Way, Morro Bay, CA 93442
    550 Piney Way, Morro Bay, CA 93442
    /40

    $3,400 Per Month

    • 2 Beds
    • 1 Bath
    • 1,068 Sq Ft
    • House for Rent

    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
California San Luis Obispo County

Houses for Rent in Morro Bay, CA

Frequently Asked Questions

How much does it cost to rent a single-family home in Morro Bay, CA?
The median rent for a single-family home in Morro Bay, CA is $3,200 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 $136,000 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 $3,400 per month in Morro Bay, CA, renters typically need to show $10,200 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 23.1, 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 single-family 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 single-family home include Highland, Madonna and Downtown San Luis Obispo, each with its own character and price range.

Rental Home Trends in Morro Bay, CA

There are currently 2 single-family homes available for rent in Morro Bay, CA. The median rent is $3,200 per month, with 3-bedroom houses renting at $3,600 and 4-bedroom houses at $4,500.

Rental Home Trends

Number of Houses for Rent
2
Median Single Family Home Rent
$3,200
Median 3 Bedroom Single Family Home Rent
$3,600
Median 4 Bedroom Single Family Home Rent
$4,500
How to Rent a Home

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