Rent by ZIP · Monterey County
Rent in Monterey, CA 93940
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,890 (-10% vs FY2026). Renters in this ZIP code pay a median $2,364 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,340 | $2,600 | -10% | $2,106–2,574 | $1,910 ±$281 |
| 1 bedroom | $2,410 | $2,670 | -9.7% | $2,169–2,651 | $2,000 ±$127 |
| 2 bedrooms | $2,890 | $3,210 | -10% | $2,601–3,179 | $2,426 ±$76 |
| 3 bedrooms | $3,890 | $4,320 | -10% | $3,501–4,279 | $3,500+ |
| 4 bedrooms | $4,240 | $4,710 | -10% | $3,816–4,664 | $3,500+ |
Small Area FMRs for the Salinas, CA MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Salinas, CA MSA, 2 bedrooms: $2,416.
What renters pay in 93940
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 93943 | Monterey | $2,790 | – |
| 93944 | Monterey | $3,000 | – |
| 93933 | Marina | $2,430 | $1,955 |
| 93932 | Lockwood | $2,430 | – |
| 93930 | King City | $2,620 | $1,528 |
| 93950 | Pacific Grove | $3,210 | $2,638 |
Fair Market Rents across Monterey County, CA · All CA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.