Santa Monica, CA Rental Market Trends
What is the average rent in Santa Monica?
The average rent for an apartment in Santa Monica is $3,956. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Santa Monica, CA
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $3,956 | 769 sq. ft. |
What is the average apartment size in Santa Monica?
The average size for a Santa Monica, CA apartment is 769 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 |
|---|---|
| Downtown Santa Monica | $4,146 |
| Mid-City Santa Monica | $4,080 |
| Wilshire - Montana | $3,789 |
| Pico | $3,732 |
| Ocean Park | $3,676 |
| Sunset Park | $3,676 |
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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 $3,676/month, Sunset Park, where renters pay $3,676/mo on average, and Pico, where the average rent goes for $3,732/mo.
What are the most expensive neighborhoods in Santa Monica?
The most expensive neighborhoods in Santa Monica are Wilshire - Montana ($3,789), Mid-City Santa Monica ($4,080) and Downtown Santa Monica ($4,146).
What are the most popular neighborhoods in Santa Monica?
The most popular neighborhood in Santa Monica is Ocean Park, where there are 3 listings with an average rent of $3,676. Next up is Downtown Santa Monica, where apartments go for $4,146/month, followed by Mid-City Santa Monica with $4,080 If you’re looking to rent in Santa Monica’s most popular neighborhoods, make sure to also check out Pico, where renters pay $3,732 on average, and Sunset Park, where the average monthly rent is $3,676.
Santa Monica | Rent Comparison by Neighborhood
Rent in Downtown Santa Monica is 2% higher than in Mid-City Santa Monica
$4,146
Downtown Santa Monica rent is 5% higher than Santa Monica average
Average Rent
$4,146
$4,080
Mid-City Santa Monica rent is 3% higher than Santa Monica average
Average Rent
$4,080
How Santa Monica Compares to Other Cities
| State | Average Rent |
|---|---|
| Ventura | $2,784 |
| Goleta | $3,162 |
| Los Angeles | $2,719 |
| Santa Barbara | $2,842 |
| San Francisco | $3,267 |
| Oxnard | $2,627 |
| Irvine | $3,222 |
| East Bay | $2,580 |
| Sanger | $1,235 |
| San Diego | $2,997 |
| Pasadena | $3,004 |
| Santa Monica | $3,956 |
| Inglewood | $2,598 |
| Torrance | $2,459 |
| Burbank | $2,838 |
| Downey | $2,245 |
| Glendale | $2,966 |
| Hawthorne | $1,809 |
| Manhattan Beach | $1,300 |
| South Gate | $1,952 |
| West Hollywood | $3,230 |
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 $488.92. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Santa Monica
Nish Property Testing
Nish Property Testing, Santa Monica, CA 90401-1639| 1 BED | $1,500 |
| 2 BEDS | N/A |
| 3 BEDS | $3,300 |
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122 Main Street
122 Main Street, Santa Monica, CA 90405| 1 BED | $2,000 |
| 2 BEDS | $2,200 |
| 3 BEDS | $3,000 |
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489 Hollister Avenue
489 Hollister Avenue, Santa Monica, CA 90405| 1 BED | $1,200 |
| 2 BEDS | $1,500 |
| 3 BEDS | N/A |
Hollister Ave
111 Hollister Avenue, Santa Monica, CA 90405| 4 BEDS | $7,000+ |