Average Rent in Santa Monica, CA

Current Versus Historical Santa Monica, CA Rents

Santa Monica rentals average $2,600 for a studio rental to $15,500 for a 4-bedroom rental. The median price of all currently available listings is $5,700, or roughly $5 per square feet.

For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $269 (12.77%) year-over-year from $2,106 to $2,375. 1-bedroom rentals prices have decreased by $54 (-1.77%) year-over-year from $3,017 to $2,963. 2-bedroom rentals prices have increased by $1,877 (41.95%) year-over-year from $4,473 to $6,350. 3-bedroom rentals prices have increased by $711 (10.47%) year-over-year from $6,789 to $7,500. 4-bedroom rentals prices have increased by $475 (3.57%) year-over-year from $13,275 to $13,750. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 5.81% this month. 1-bedroom rents have gone up by 2.67% this month. 2-bedroom rents have gone up by 29.00% this month. 3-bedroom rents have gone up by 8.04% this month. 4-bedroom rents have gone down by 11.91% this month.

Beds	Price / Sqft	Jun 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$6.60	$2,375	$2,106 (12.77%)	$2,958 (-19.70%)
1 BR	$5.13	$2,963	$3,017 (-1.77%)	$2,388 (24.10%)
2 BR	$5.09	$6,350	$4,473 (41.95%)	$3,590 (76.88%)
3 BR	$4.58	$7,500	$6,789 (10.47%)	$5,008 (49.75%)
4+ BR	$4.66	$13,750	$13,275 (3.57%)	$15,767 (-12.79%)

Historical Rents in Santa Monica, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Santa Monica

There are a total of 3 cities nearby Santa Monica. The average rent in Santa Monica is currently $6,223 per month. Only one city nearby has an average rent lower than that. Our records show that Los Angeles, CA, with an average rent of $4,795, is the most affordable city nearby. In contrast, the most expensive city near Santa Monica, CA is Beverly Hills, CA. Monthly rents here are on average $11,500 per month.

Let's compare Santa Monica, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Santa Monica, CA is 2.02% more expensive than other cities nearby. One bedrooms are about 18.78% more affordable. Two bedrooms in Santa Monica, CA are about 14.96% more expensive. Finally, rent for three bedrooms are about 25.81% more expensive. Want more information? Check out the top 3 cities near Santa Monica, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Los Angeles, CA	$2,250	$2,830	$4,000	$4,795
West Hollywood, CA	$5,000	$4,132	$6,100	$6,223
Beverly Hills, CA	$2,548	$3,795	$5,400	$11,500

Top Neighborhoods Near Santa Monica

There are a total of 6 neighborhoods in or near Santa Monica. Some of these neighborhoods include Westchester-Playa Del Rey, Marina del Rey, and Venice. We've included all of these top 6 neighborhoods in or near Santa Monica, CA in the following chart.

The average rent for these 6 neighborhoods in or near Santa Monica, CA is currently around $5,050 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $5,050. Out of all the neighborhoods in or near Santa Monica, Westchester-Playa Del Rey has the most affordable average rent at $3,884 per month. Whereas, at $19,998 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Santa Monica. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Westchester-Playa Del Rey, Los Angeles, CA	$2,457	$2,852	$3,884	$3,884
Marina del Rey, Los Angeles, CA	N/A	$3,000	$4,180	$4,044
Venice, Los Angeles, CA	$2,295	$3,492	$4,094	$4,500
Westwood, Los Angeles, CA	$3,195	$4,000	$5,285	$5,600
Brentwood, Los Angeles, CA	$3,275	$2,798	$4,950	$8,950
Bel Air-Beverly Crest, Los Angeles, CA	N/A	$4,150	$9,748	$19,998

Top Counties Near Santa Monica

There are a total of 6 counties located by Santa Monica, CA.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Santa Monica

There are a total of 8 zipcodes in or near Santa Monica, CA. The average rent for all of these zipcodes is $6,271. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 90292, Marina del Rey, CA at $3,902 per month. In comparison, the zipcode with the most expensive average rent of $28,250 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,671. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Santa Monica, CA is $3,886 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,863 per month. Which comes out to $4 per sqft. The following chart includes the top 8 zipcodes in Santa Monica, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
90069, Los Angeles, CA	$5,100	$4,840	$6,850	$7,999
90292, Marina del Rey, CA	$2,264	$3,000	$4,069	$3,902
90291, Los Angeles, CA	$2,648	$5,650	$4,775	$6,448
90210, Los Angeles, CA	N/A	$12,800	$17,000	$28,250
90048, Los Angeles, CA	$2,695	$3,773	$4,595	$6,094
90049, Los Angeles, CA	$3,275	$2,695	$4,950	$8,950
90024, Los Angeles, CA	$3,195	$4,000	$5,450	$5,745
90066, Los Angeles, CA	N/A	$3,000	$4,180	$4,091

Frequently Asked Questions - Santa Monica Average Rents

What is the average rent price in Santa Monica, CA?

The average monthly rental price for Santa Monica, CA apartments for rent is approximately $5,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Santa Monica, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Santa Monica, CA.

How much is a studio apartment in Santa Monica, CA?

The average monthly rental price for studio apartments is $2,600 and an average price per square feet of $6.60. There are a total of 9 studio apartment listings currently available for rent in Santa Monica.

How much is a one bedroom apartment in Santa Monica, CA?

The average monthly rental price for one bedroom apartments is $3,195 and an average price per square feet of $5.13. There are a total of 31 one bedroom apartment listings currently available for rent in Santa Monica.

How much is a two bedroom apartment in Santa Monica, CA?

The average monthly rental price for two bedroom apartments is $6,350 and an average price per square feet of $5.09. There are a total of 59 two bedroom apartment listings currently available for rent in Santa Monica.

How have rent prices in Santa Monica, CA changed this year?

Rent prices for rentals in Santa Monica, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.13%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.42%, and three bedroom rental prices have changed by 0.10% year-over-year.

What is a reasonable rent price in Santa Monica, CA?

A reasonable rent price in Santa Monica, CA is around $4,560/month. You can search for these reasonably priced rental listings on RentHop.