Average Rent in Santa Monica, CA

Current Versus Historical Santa Monica, CA Rents

Santa Monica rentals average $2,539 for a studio rental to $15,000 for a 4-bedroom rental. The median price of all currently available listings is $6,105, or roughly $5 per square feet.

For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $247 (12.33%) year-over-year from $2,003 to $2,250. 1-bedroom rentals prices have decreased by $190 (-6.51%) year-over-year from $2,915 to $2,725. 2-bedroom rentals prices have decreased by $359 (-7.88%) year-over-year from $4,557 to $4,198. 3-bedroom rentals prices have increased by $598 (9.33%) year-over-year from $6,403 to $7,000. 4-bedroom rentals prices have increased by $1,309 (9.56%) year-over-year from $13,691 to $15,000. 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 down by 8.47% this month. 1-bedroom rents have gone down by 4.31% this month. 2-bedroom rents have gone down by 0.42% this month. 3-bedroom rents have gone up by 4.22% this month. 4-bedroom rents have gone up by 12.08% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$6.67	$2,250	$2,003 (12.33%)	$2,530 (-11.07%)
1 BR	$5.04	$2,725	$2,915 (-6.51%)	$2,408 (13.19%)
2 BR	$4.81	$4,198	$4,557 (-7.88%)	$3,548 (18.29%)
3 BR	$4.93	$7,000	$6,403 (9.33%)	$5,533 (26.53%)
4+ BR	$4.67	$15,000	$13,691 (9.56%)	$10,499 (42.87%)

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 $4,840 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Los Angeles, CA, with an average rent of $4,300, 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 $10,750 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 18.37% more expensive than other cities nearby. One bedrooms are about 1.41% more expensive. Two bedrooms in Santa Monica, CA are about 7.95% more expensive. Finally, rent for three bedrooms are about 0.61% 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	$1,995	$2,695	$3,980	$4,300
West Hollywood, CA	$2,750	$3,150	$5,500	$4,840
Beverly Hills, CA	$2,073	$3,325	$5,995	$10,750

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 Westwood. 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 $5,375 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $5,375. Out of all the neighborhoods in or near Santa Monica, Westchester-Playa Del Rey has the most affordable average rent at $3,629 per month. Whereas, at $19,500 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	$2,297	$3,021	$3,900	$3,629
Marina del Rey, Los Angeles, CA	$2,456	$2,963	$4,077	$3,749
Westwood, Los Angeles, CA	$3,195	$3,995	$5,098	$5,295
Venice, Los Angeles, CA	$2,088	$3,368	$4,927	$5,455
Westside, Los Angeles, CA	$2,573	$6,309	$12,100	$9,275
Bel Air-Beverly Crest, Los Angeles, CA	N/A	$3,800	$6,250	$19,500

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 $6,298. A total of 4 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 $3,840 per month. In comparison, the zipcode with the most expensive average rent of $25,000 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,314. That's at least $5 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 $3,645 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,704 per month. Which comes out to $5 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	$3,299	$4,250	$7,000	$9,300
90292, Marina del Rey, CA	$2,177	$2,983	$4,071	$3,840
90291, Los Angeles, CA	$2,900	$4,845	$5,913	$6,500
90210, Los Angeles, CA	N/A	$11,000	$17,250	$25,000
90048, Los Angeles, CA	$1,975	$3,295	$6,240	$7,100
90049, Los Angeles, CA	N/A	$2,825	$5,495	$6,095
90024, Los Angeles, CA	$3,195	$3,995	$4,948	$5,375
90025, Los Angeles, CA	$2,450	$2,599	$3,945	$3,895

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 $6,105. 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 $2,539 and an average price per square feet of $6.67. There are a total of 4 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 $5.04. There are a total of 36 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 $5,975 and an average price per square feet of $4.81. There are a total of 57 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 0.12%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by 0.09% year-over-year.

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

A reasonable rent price in Santa Monica, CA is around $4,884/month. You can search for these reasonably priced rental listings on RentHop.