The average monthly rent of apartments in Pacific Grove, CA is $2,854.
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Rental prices in Pacific Grove, CA have decreased by 0.47% over the past year. The average rent moved from $2,868 to $2,854.
Compared to the national average rent of $1,741, the average rent in Pacific Grove, CA is $2,854.
The average monthly rent of apartments in Pacific Grove, CA is $2,854.
About 29% of apartment rents in Pacific Grove, CA range between > $3,000. Around 22% of Pacific Grove’s apartments are in the $2,501-$3,000 price range. 49% of apartments are priced between $2,001-$2,500.
The largest share of rentals in Pacific Grove, CA (49%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Pacific Grove, CA is $2,578.
In Pacific Grove 51% of the housing is rented out compared to 49% of homes are owned, according to the most recent Census Bureau estimates. 7% of Pacific Grove's apartments are found in large buildings of 50 units or more, 61% are located in smaller apartment complexes with less than 50 units, and 32% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Pacific Grove are about 55 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Pacific Grove come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 34% of the total apartments in the city, while 2-bedroom floorplans represent around 62% of all rentals in Pacific Grove. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Pacific Grove is a charming town located on the coast of central California. It’s known for its beautiful waterfront parks and beaches, as well as its historic Victorian architecture. In fact, one of Pacific Grove’s most notable buildings is the Point Pinos Lighthouse, which was built in the 19th century and is still operational. Other popular attractions in Pacific Grove include the local public golf course, museum of natural history and Monarch butterfly sanctuary, so renters have plenty to do in the area. Meanwhile, the downtown area is full of cozy cafes and restaurants, including multiple options for fresh seafood. Renters love Pacific Grove’s warm, temperate weather throughout the year. Notably, many families rent in Pacific Grove due to the area’s highly rated school system and safe environment. Pacific Grove has also become a popular place to rent for both retirees and students at nearby universities, like California State University Monterey Bay and Monterey Peninsula College. Many military families also rent in Pacific Grove because the Presidio of Monterey army base is located nearby.
Although Pacific Grove is a small town, it’s also relatively dense, and most apartments here are in walkable neighborhoods. As a result, renters will find a mix of low- and mid-rise apartment buildings, as well as condos and bungalows. Here, many apartments have balconies with views of the nearby coastline. Additionally, many rentals also have luxury amenities, like outdoor pools, gyms, fireplaces and more. Because Pacific Grove is a popular vacation destination, many rental properties in this area have short-term lease options. Of course, rental prices in Pacific Grove are also much higher than the national average because of the area’s reputation as a popular tourist destination. Therefore, finding rental properties here can be competitive, and high security deposits are common for apartment rentals in Pacific Grove.
The largest shopping center in the Pacific Grove area is the American Tin Cannery Outlets. This unique shopping center is in a converted cannery building from the early 20th century and contains a variety of local boutiques and art galleries. There are also many local shops located on Lighthouse Street in the downtown area. Alternatively, outside of downtown, renters will find several different options for grocery shopping, including Safeway, Lucky and Trader Joe’s. There are also many locally owned markets and international markets in nearby Monterey. And, the closest mall is the Del Monte Shopping Center, which contains a Macy’s, as well as popular clothing stores like H&M, Victoria’s Secret and Lululemon.
There are many different ways for renters to get around Pacific Grove. For instance, the downtown area is very walkable and bikeable, although the area’s hilly terrain can make it challenging for renters to walk or bike long distances. As such, many renters opt to own a car, as this is the fastest way to travel to nearby towns. Monterey-Salinas Transit has several bus routes connecting Pacific Grove to Monterey and other nearby towns. Finally, for regional transit, the nearest Amtrak station is in Salinas, and the nearest major airport is San Jose International Airport.
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