Santa Monica, CA Rental Market Trends

Highlights

The average rent for an apartment in Santa Monica is $3,685, a 8% increase compared to the previous year, when the average rent was $3,405.

Studio apartments in Santa Monica rent for $2,448 a month, while 1-bedroom apartments ask on average $3,335 a month; the average rent for a 2-bedroom apartment is $4,931.

Average Rent in Santa Monica, CA

Last updated Oct 2018

	All rentals	Studio	1 Bed	2 Beds	3 Beds
Average Rent	$3,685	$2,448	$3,335	$4,931	$6,139
Y-o-Y Change	8%	7%	2%	15%	18%
Average Apartment Size	835 sq. ft.	461 sq. ft.	773 sq. ft.	1,106 sq. ft.	1,618 sq. ft.

The average size for a Santa Monica apartment is 835 square feet, but this number varies greatly depending on apartment type. A studio averages 461 sq. ft., while a one-bedroom apartment offers a more generous square footage: 773. 2-bedroom apartments in Santa Monica have an average size of 1,106 sq. ft.

Santa Monica, CA Apartment Rent Ranges

$1,001-$1,50010%
$1,501-$2,0007%
> $2,00082%

Santa Monica, CA Rent Trends

Average Rent All rentals		Studio	1 Bed	2 Beds	3 Beds
Oct / 2018	$3,685	$2,448	$3,335	$4,931	$6,139
Jan / 2018	$3,404	$2,461	$3,250	$4,238	$5,540
Sept / 2017	$3,375	$2,276	$3,252	$4,232	$4,715
May / 2017	$3,405	$2,278	$3,278	$4,276	$5,211
Jan / 2017	$3,359	$2,304	$3,239	$4,185	$4,723
Sept / 2016	$3,323	$2,346	$3,168	$4,152	$5,638
May / 2016	$3,480	$2,266	$3,164	$4,674	$6,323
Jan / 2016	$3,359	$2,199	$3,000	$4,587	$5,996
Sept / 2015	$3,342	$2,132	$3,053	$4,463	$6,045
May / 2015	$3,302	$2,113	$3,025	$4,386	$6,062

Average Rent in Santa Monica, CA By Neighborhood

Downtown Santa Monica

$3,987

Mid-City Santa Monica

$3,952

Pico

$3,761

Ocean Park

$3,286

Sunset Park

$3,286

Average Rent
Neighborhood	All rentals	Studio	1 Bed	2 Beds	3 Beds
Sunset Park	$3,286	$1,395	$3,028	$4,762	$5,569
Ocean Park	$3,286	$1,395	$3,028	$4,762	$5,569
Pico	$3,761	$2,300	$3,307	$4,267	$5,300
Mid-City Santa Monica	$3,952	$2,740	$3,512	$4,998	$6,196
Downtown Santa Monica	$3,987	$2,795	$3,546	$5,111	$22,320

The most affordable neighborhoods in Santa Monica are Ocean Park, where the average rent goes for $3,286/month, Sunset Park, where renters pay $3,286/mo on average, and Pico, where the average rent goes for $3,761/mo.

Santa Monica | Rent Comparison by Neighborhood

Rent in Downtown Santa Monica is 1% higher than in Mid-City Santa Monica

$3,987

Downtown Santa Monica rent is 8% higher than Santa Monica average

All rentals	$3,987
Studio	$2,795
1 Bed	$3,546
2 Beds	$5,111
3 Beds	$22,320

$3,952

Mid-City Santa Monica rent is 7% higher than Santa Monica average

All rentals	$3,952
Studio	$2,740
1 Bed	$3,512
2 Beds	$4,998
3 Beds	$6,196

How Does Santa Monica Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Los Angeles	$2,265	3%
West Hollywood	$2,595	3%
Long Beach	$1,875	1%
Burbank	$2,128	0%
Inglewood	$1,685	6%
Glendale	$2,384	2%
Hawthorne	$1,342	3%
Santa Monica	$3,685	8%
Pasadena	$2,418	3%
Lancaster City	$1,215	6%

For more information about the Santa Monica rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

Most Expensive Listings on RENTCafé

View more properties

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Santa Monica apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.