$2,700 Per Month
- 1 Bed
- 1 Bath
- Condo for Rent
601 Forest Ave Unit 601 Forest Avenue #2, Pacific Grove, CA 93950
Frequently Asked Questions
How much does it cost to rent a condo in Pacific Grove, CA?
The median rent for a condo in Pacific Grove, CA is $2,773 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 Pacific Grove, CA?
To comfortably afford the median rent in Pacific Grove, CA, a household needs to earn roughly $170,000 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 $4,250 per month in Pacific Grove, CA, renters typically need to show $12,750 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 Pacific Grove, CA?
In Pacific Grove, CA, the price-to-rent ratio is 25.0, 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 Pacific Grove, CA are best for renting a condo?
The best neighborhood for renting in Pacific Grove, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include New Monterey and Old Town, each with its own character and price range.
