Not Ranked
Lodging in the Monterey area, during the car events week, will be expensive and difficult to find. Around Monterey/Pacific Grove motels, Inns, etc. usually require 4 day minimum (at $250-400+) per nite, if you can find it. I suggest Salinas, Watsonville, Santa Cruz.
A few years ago I looked into a Motel 6 on a busy street in Monterey.... they wanted $300/nite for a room that was regularly priced at $70/nite. I wouldnt stay there even if it was $20/nite... it was a dump! Prices are crazy.
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