Santa Monica, CA Rental Market Trends
What is the average rent in Santa Monica?
The average rent for an apartment in Santa Monica is $3,891. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Santa Monica, CA
| Average Rent | Average Apartment Size |
|---|---|
| $3,891 | 773 sq. ft. |
What is the average apartment size in Santa Monica?
The average size for a Santa Monica, CA apartment is 773 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
26,592 or 58% of the households in Santa Monica, CA are renter-occupied while 19,114 or 41% are owner-occupied.
Santa Monica, CA Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Santa Monica, CA | $3,708 | $3,731 | $3,795 | $3,839 | $3,900 | $3,651 | $3,573 | $3,522 | $3,732 | $3,740 | $3,891 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Santa Monica, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North of Montana | $4,525 |
| Downtown Santa Monica | $4,212 |
| Mid-City Santa Monica | $4,113 |
| Ocean Park | $3,685 |
| Sunset Park | $3,685 |
| Pico | $3,609 |
| Wilshire - Montana | $2,950 |
What are the most affordable neighborhoods in Santa Monica?
The most affordable neighborhoods in Santa Monica are Wilshire - Montana, where the average rent goes for $2,950/month, Pico, where renters pay $3,609/mo on average, and Ocean Park, where the average rent goes for $3,685/mo. If you’re looking for other great deals, check out the listings from Sunset Park ($3,685), Mid-City Santa Monica ($4,113), and Downtown Santa Monica ($4,212), where the asking prices are below the average Santa Monica rent of $3,891/mo.
What are the most expensive neighborhoods in Santa Monica?
The most expensive neighborhoods in Santa Monica are Mid-City Santa Monica ($4,113), Downtown Santa Monica ($4,212) and North of Montana ($4,525).
What are the most popular neighborhoods in Santa Monica?
The most popular neighborhood in Santa Monica is Wilshire - Montana, where there are 20 verified RentCafe listings with an average rent of $2,950. Next up is Mid-City Santa Monica, where apartments go for $4,113/month, followed by Downtown Santa Monica with $4,212 If you’re looking to rent in Santa Monica’s most popular neighborhoods, make sure to also check out Ocean Park, where renters pay $3,685 on average, and North of Montana, where the average monthly rent is $4,525.
Santa Monica | Rent Comparison by Neighborhood
Rent in Downtown Santa Monica is 2% higher than in Mid-City Santa Monica
Downtown Santa Monica rent is 8% higher than Santa Monica average
| Average Rent | $4,212 |
|---|
Mid-City Santa Monica rent is 6% higher than Santa Monica average
| Average Rent | $4,113 |
|---|
How Santa Monica Compares to Other Cities
| City | Average Rent |
|---|---|
| Los Angeles | $2,661 |
| San Francisco | $3,230 |
| East Bay | $2,452 |
| San Diego | $2,756 |
| Long Beach | $2,530 |
| Oakland | $2,772 |
| San Jose | $2,754 |
| Sacramento | $1,792 |
| Santa Monica | $3,891 |
| Berkeley | $3,164 |
| Mountain View | $3,127 |
| Anaheim | $2,143 |
| West Hollywood | $3,354 |
| Hawthorne | $1,675 |
| Inglewood | $2,093 |
| Pasadena | $2,912 |
| Glendale | $2,779 |
| Burbank | $2,540 |
| Santa Ana | $2,375 |
| Costa Mesa | $2,580 |
| Fullerton | $2,294 |
Most Popular Apartments in Santa Monica
Gibson Santa Monica
1317 7Th Street, Santa Monica, CA 90401- Studio
- 1 BED
- 2 BEDS
- Ask for pricing
- $3,724
- Ask for pricing
Junction Santa Monica
1641 Lincoln Blvd, Santa Monica, CA 90404- Studio
- 1 BED
- 2+ BEDS
- Ask for pricing
- $3,645+
- $4,450