How many apartments are available in Luminaria Hills on Rentable.co?

Rentable.co has over 62 apartments available near Luminaria Hills.

What is the average rent for a studio apartment in Luminaria Hills?

The average rent for a studio apartment near Luminaria Hills is around $1,650 per month.

What is the average rent for a one-bedroom apartment in Luminaria Hills?

The average rent for a one-bedroom apartment near Luminaria Hills is around $1,997 per month.

What is the average rent for a two-bedroom apartment in Luminaria Hills?

The average rent for a two-bedroom apartment near Luminaria Hills is around $2,395 per month.

How many apartments are available in Monterey Park, CA on Rentable.co?

Rentable.co has over 790 apartments available in Monterey Park.

What is the average rent for a studio apartment in Monterey Park, CA?

The average rent for a <a href='/monterey-park-ca/studio-apartments-for-rent' >studio apartment</a> in Monterey Park is around $1,600 per month.

What is the average rent for a one-bedroom apartment in Monterey Park, CA?

The average rent for a <a href='/monterey-park-ca/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Monterey Park is around $1,900 per month.

What is the average rent for a two-bedroom apartment in Monterey Park, CA?

The average rent for a <a href='/monterey-park-ca/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Monterey Park is around $2,320 per month.

How expensive is it to rent an apartment in Monterey Park, CA?

For a two-bedroom apartment in Monterey Park, the average rent price is $2,320 per month, which is higher than the national average of $1,640 per month.

Can I afford an apartment for rent in Monterey Park, CA?

Based on average rent prices in Monterey Park, to afford a <a href='/monterey-park-ca/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $64,000 to live comfortably.

Apartments in Luminaria Hills Monterey Park

Monterey Park:
May Rent Report

Welcome to the May 2026 Monterey Park Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Monterey Park rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Monterey Park and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Monterey Park average rent prices in the chart below.

Monthly Rent Report

$2,500

$1,880

$1,250

$630

Jun. 2025

Jul. 2025

Aug. 2025

Sep. 2025

Oct. 2025

Nov. 2025

Dec. 2025

Jan. 2026

Feb. 2026

Mar. 2026

Apr. 2026

May. 2026

1 BR 2 BR

Monterey Park Rent Prices Decrease From April to May

Monterey Park rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Monterey Park one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Monterey Park experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Monterey Park two-bedroom apartments currently stands at $.

May Prices: Monterey Park vs. Surrounding Areas

Rent Prices in Monterey Park and Surrounding Areas

Rent prices have decreased in Monterey Park over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Monterey Park suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Monterey Park suburbs
Rents did not decrease in any of the Monterey Park suburbs.

May 2026 Pricing Trends: Monterey Park vs. National Comparisons

Monterey Park Rent Prices More Affordable Than Major Cities

Rent growth in Monterey Park over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Monterey Park average rent prices appear to be relatively affordable for local residents.

The price for a Monterey Park one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Monterey Park and surrounding area rent prices, take a look at the complete data set below.

Data set for Monterey Park and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.