How much does it cost to rent in Monterey Park, CA?

As of July 2026, the median monthly rent in Monterey Park, CA is $2,545. This figure is based on aggregated data from public sources and community-submitted rents.

Is Monterey Park cheaper than other California cities?

Monterey Park falls in the middle range for California, ranking #255 out of 387 cities at $2,545/mo.

When was Monterey Park rent data last updated?

Monterey Park rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · CA

Monterey Park

Name: Average Rent Prices in Monterey Park, CA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 59,132·255th most expensive in California·One of the pricier rental markets in the US

Median rent (all units)

$2,545/mo

Year-over-Year

+2.4%

Month-over-Month

+2.3%

vs US Median

+$580

Rising (Monthly)

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Most AffordableMost Expensive

Monterey Park · $2,545

More expensive than 81% of US cities · National median $1,965/mo

Rent Reality Score

60/100

Good value

OverheatedFairGreat value

Rents are 5% below what Monterey Park's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,545/mo

Expected by trend

$2,680/mo

The Rent Reality Score compares today's median rent to where Monterey Park's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,625

1 BR

$1,830

2 BR

$2,310

3 BR

$2,950

4 BR+

$3,260

Research median

$2,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$30,540/yr

At $2,545/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 2.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+2.4% YoY, +2.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Monterey Park, CA is roughly split between renters and owners, has a large retiree population, 36.2% of residents hold a bachelor's degree or higher.

Population

59,132

Median income

$81,855

Median age

45.5

Renters

48.4%

Age distribution

16.8%

19.8%

26.6%

13.7%

23%

Under 1816.8%

18–3419.8%

35–5426.6%

55–6413.7%

65+23%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

26.5%

64.8%

White9.3%

Black0.8%

Hispanic26.5%

Asian64.8%

Education (25+)

20.6%

23.7%

19.4%

36.2%

No HS diploma20.6%

HS diploma23.7%

Some college19.4%

Bachelor's+36.2%

Housing tenure

51.6%

48.4%

Owner51.6%

Renter48.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Monterey Park, CA has changed in 5 years

Rent

$1,880 → $2,545

up 35.4%

Income

$68,497 → $81,855

up 19.5%

Population

61,153 → 59,132

down 3.3%

Renter share

49.4% → 48.4%

-1.0 pts

Bachelor's+

33.6% → 36.2%

+2.6 pts

Median age

43.8 → 45.5

+1.7 yrs

Across the past five years, the going rent in Monterey Park, CA has shifted from $1,880 to $2,545, up 35.4% since 2021. On the earnings side, the typical household in Monterey Park, CA now reports about $81,855, up from $68,497 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Monterey Park, CA losing about 2,021 residents over the five-year window, down 3.3% on net. Bachelor's-degree-or-higher attainment moved from 33.6% to 36.2% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Monterey Park, CA reflects that arc in its own way.

Community

Discussions about Monterey Park

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View Monterey Park rent history (2015–2026) →

Salary vs rent

Can you afford rent in Monterey Park on your salary?

At $2,545/mo, how Monterey Park rent compares to typical pay (30% rule).

Registered Nurse

Avg $111,486/yr · Rent = 27.4% income

affordable

Elementary School Teacher

Avg $79,154/yr · Rent = 38.6% income

stretched

Police Officer

Avg $91,179/yr · Rent = 33.5% income

stretched

Software Developer

Avg $162,970/yr · Rent = 18.7% income

very comfortable

Lawyer

Avg $208,235/yr · Rent = 14.7% income

very comfortable

Firefighter

Avg $74,116/yr · Rent = 41.2% income

rent-burdened

Truck Driver

Avg $66,918/yr · Rent = 45.6% income

rent-burdened

Electrician

Avg $82,482/yr · Rent = 37% income

stretched

By apartment size

Monterey Park rent by bedroom count

Median rent for each apartment size in Monterey Park. Click any size for full breakdown.

Local insights

Tips for renters in Monterey Park

About renting in Monterey Park, CA

Last updated: July 20, 2026

The median rent in Monterey Park is $2,545/mo as of July 2026. A studio apartment averages $1,625/mo while a 2-bedroom runs $2,310/mo. One-bedroom apartments average $1,830/mo and 3-bedroom units go for $2,950/mo.

At 37% of local median household income ($81,855/yr), Monterey Park ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

Is Monterey Park an affordable city for renters?

Monterey Park is considered moderate for renters. At $2,545/mo, rent takes approximately 37% of the local median household income ($81,855/yr). The standard benchmark is 30%. Monterey Park slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Monterey Park?

To keep rent at or below 30% of gross income, you would need to earn at least $102,000/year (~$49/hour full-time) to afford the median rent of $2,545/mo in Monterey Park. The local median household income is $81,855/yr, meaning the typical Monterey Park household falls short of that threshold.

Is rent going up or down in Monterey Park?

Rent in Monterey Park has increased 2.4% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Monterey Park neighborhoods have the lowest rent?

The most affordable ZIP codes in Monterey Park are 91754 ($2,569/mo), and 91755 ($2,761/mo). Citywide, the median rent in Monterey Park is $2,545/mo.

How does Monterey Park rent compare to other cities in California?

Monterey Park is middle-of-the-pack for California for rent, ranking #255 out of 387 tracked cities at $2,545/mo.

Which nearby cities are cheaper to rent in than Monterey Park?

Several nearby cities have lower median rents than Monterey Park ($2,545/mo): Montebello ($2,289/mo), East Los Angeles ($2,319/mo).

What percentage of Monterey Park residents rent vs. own?

According to Census data, approximately 48.4% of Monterey Park households are renters, while 51.6% are owner-occupied. Monterey Park leans toward homeownership, which can mean a smaller rental inventory.

How does Monterey Park rent compare to the national average?

Monterey Park's median rent of $2,545/mo is $580 (30%) above the US national median of $1,965/mo. Within California, it ranks #255 out of 387 tracked cities.

Income Affordability

37%

MODERATE

At $2,545/mo, rent takes ~37% of Monterey Park's median household income ($81,855/yr). The standard benchmark is 30%.

Monterey Park 37%Benchmark 30%

State income tax1–13.3%

Run the Monterey Park affordability calculator →

Nearby cities