Santa Monica, CA Rental Market Trends
What is the average rent in Santa Monica?
The average rent for an apartment in Santa Monica is $4,012. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Santa Monica, CA
Last updated November 2024
| Average Rent | Average Apartment Size |
|---|---|
| $4,012 | 758 sq. ft. |
What is the average apartment size in Santa Monica?
The average size for a Santa Monica, CA apartment is 758 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Santa Monica, CA apartment rent ranges
Santa Monica, CA Occupied Housing Units
32,840 or 71% of the households in Santa Monica, CA are renter-occupied while 13,367 or 29% are owner-occupied.
Santa Monica, CA rent trends
Average Rent in Santa Monica, CA By Neighborhood
| City | Average Rent |
|---|---|
| North of Montana | $4,909 |
| Downtown Santa Monica | $4,186 |
| Mid-City Santa Monica | $4,121 |
| Pico | $3,965 |
| Wilshire - Montana | $3,766 |
| Ocean Park | $3,716 |
| Sunset Park | $3,716 |
/
What are the most affordable neighborhoods in Santa Monica?
The most affordable neighborhoods in Santa Monica are Ocean Park, where the average rent goes for $3,716/month, Sunset Park, where renters pay $3,716/mo on average, and Wilshire - Montana, where the average rent goes for $3,766/mo.
What are the most expensive neighborhoods in Santa Monica?
The most expensive neighborhoods in Santa Monica are Mid-City Santa Monica ($4,121), Downtown Santa Monica ($4,186) and North of Montana ($4,909).
What are the most popular neighborhoods in Santa Monica?
The most popular neighborhood in Santa Monica is Wilshire - Montana, where there are 22 listings with an average rent of $3,766. Next up is Downtown Santa Monica, where apartments go for $4,186/month, followed by Ocean Park with $3,716 If you’re looking to rent in Santa Monica’s most popular neighborhoods, make sure to also check out Mid-City Santa Monica, where renters pay $4,121 on average, and North of Montana, where the average monthly rent is $4,909.
Santa Monica | Rent Comparison by Neighborhood
Rent in Downtown Santa Monica is 2% higher than in Mid-City Santa Monica
$4,186
Downtown Santa Monica rent is 4% higher than Santa Monica average
Average Rent
$4,186
$4,121
Mid-City Santa Monica rent is 3% higher than Santa Monica average
Average Rent
$4,121
How Santa Monica Compares to Other Cities
| State | Average Rent |
|---|---|
| Los Angeles | $2,761 |
| San Francisco | $3,313 |
| East Bay | $2,570 |
| San Diego | $3,001 |
| Sacramento | $1,898 |
| Long Beach | $2,629 |
| San Jose | $3,036 |
| Oakland | $2,581 |
| Tulare | $1,732 |
| Fresno | $1,592 |
| Santa Monica | $4,012 |
| West Hollywood | $3,210 |
| Pasadena | $3,167 |
| Inglewood | $2,559 |
| Torrance | $2,488 |
| Hawthorne | $1,848 |
| Glendale | $2,975 |
| Burbank | $2,738 |
| Downey | $2,256 |
| Redondo Beach | $3,095 |
| Bellflower | $2,173 |
What is the average price for a storage unit in Santa Monica?
The average rent for a non-climate-controlled 10'x10' storage unit in Santa Monica is $420.08. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Santa Monica
Club Santa Monica
2110 4Th Street, Santa Monica, CA 90405| 1 BED | $3,060+ |
| 2 BEDS | N/A |
.jpg?width=480&quality=90)
Santa Monica La Ronda
707 Idaho Ave., Santa Monica, CA 90403| STUDIO | N/A |
| 1 BED | $3,095+ |
| 2+ BEDS | N/A |
.jpg?width=480&quality=90)
1603 Idaho Ave.
1603 Idaho Ave., Santa Monica, CA 90403| 2 BEDS | $4,500 |
.jpg?width=480&quality=90)
Santa Monica Mariner Village
2021 Ocean Ave., Santa Monica, CA 90405| STUDIO | N/A |
| 1 BED | $3,185+ |
| 2 BEDS | N/A |