Average Rent in Santa Monica, CA

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Current Versus Historical Santa Monica, CA Rents

Santa Monica rentals average $3,160 for a studio rental to $20,000 for a 4-bedroom rental. The median price of all currently available listings is $4,850, or roughly $5 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $845 (36.63%) year-over-year from $2,307 to $3,152. 1-bedroom rentals prices have increased by $387 (12.83%) year-over-year from $3,013 to $3,400. 2-bedroom rentals prices have increased by $434 (9.51%) year-over-year from $4,566 to $5,000. 3-bedroom rentals prices have increased by $1,440 (23.77%) year-over-year from $6,058 to $7,498. 4-bedroom rentals prices have increased by $5,835 (47.97%) year-over-year from $12,165 to $18,000. 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 up by 30.56% this month. 1-bedroom rents have gone up by 4.93% this month. 2-bedroom rents have gone up by 3.15% this month. 3-bedroom rents have gone up by 2.95% this month. 4-bedroom rents have gone up by 10.21% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.27	$3,152	$2,307 (36.63%)	$2,790 (12.98%)
1 BR	$4.99	$3,400	$3,013 (12.83%)	$2,479 (37.12%)
2 BR	$4.41	$5,000	$4,566 (9.51%)	$3,650 (36.99%)
3 BR	$4.46	$7,498	$6,058 (23.77%)	$6,165 (21.61%)
4+ BR	$5.43	$18,000	$12,165 (47.97%)	$9,748 (84.65%)

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 $5,000 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 $4,500, 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 $12,000 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 22.48% more expensive than other cities nearby. One bedrooms are about 4.44% more affordable. Two bedrooms in Santa Monica, CA are about 4.53% more affordable. Finally, rent for three bedrooms are about 2.79% more affordable. 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	$2,065	$2,666	$3,850	$4,500
West Hollywood, CA	$3,125	$3,550	$5,200	$5,000
Beverly Hills, CA	$2,450	$3,750	$6,300	$12,000

Top Neighborhoods Near Santa Monica

There are a total of 12 neighborhoods in or near Santa Monica. Some of these neighborhoods include Mar Vista, Westchester-Playa Del Rey, and West Los Angeles. We've included all of these top 12 neighborhoods in or near Santa Monica, CA in the following chart.

The average rent for these 12 neighborhoods in or near Santa Monica, CA is currently around $5,699 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $5,699. Interestingly, the neighborhoods' average rent is higher than Santa Monica's average rent, which is only $4,850. Out of all the neighborhoods in or near Santa Monica, Mar Vista has the most affordable average rent at $3,995 per month. Whereas, at $19,950 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
Mar Vista, Los Angeles, CA	$2,598	$2,535	$4,600	$3,995
Westchester-Playa Del Rey, Los Angeles, CA	$2,342	$2,727	$3,772	$4,050
West Los Angeles, Los Angeles, CA	$2,095	$3,123	$3,695	$4,400
Marina del Rey, Los Angeles, CA	$2,400	$3,050	$4,800	$4,496
South Robertson, Los Angeles, CA	N/A	$2,598	$3,773	$4,500
Westwood, Los Angeles, CA	$2,095	$3,900	$4,500	$5,401
Westside, Los Angeles, CA	$2,575	$9,900	$5,373	$5,998
Brentwood, Los Angeles, CA	N/A	$3,273	$4,600	$7,350
Venice, Los Angeles, CA	$3,375	$4,275	$6,750	$7,850
North of Montana, Santa Monica, CA	$4,100	$4,700	$8,248	$8,750
Pacific Palisades, Los Angeles, CA	N/A	$2,900	$6,288	$16,250
Bel Air-Beverly Crest, Los Angeles, CA	$2,313	$3,623	$9,750	$19,950

Top Counties Near Santa Monica

There are a total of 12 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 4 zipcodes in or near Santa Monica, CA. The average rent for all of these zipcodes is $4,798. 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 90045, Los Angeles, CA at $3,432 per month. In comparison, the zipcode with the most expensive average rent of $7,295 per month is 90049, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,447. 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 $2,963 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,371 per month. Which comes out to $4 per sqft. The following chart includes the top 4 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
90049, Los Angeles, CA	$1,899	$3,273	$4,790	$7,295
90024, Los Angeles, CA	$2,490	$3,900	$4,395	$5,295
90034, Los Angeles, CA	$2,645	$2,600	$4,348	$4,300
90045, Los Angeles, CA	$2,403	$2,654	$3,442	$3,432

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 $4,850. 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 $3,160 and an average price per square feet of $7.27. There are a total of 19 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 $3,399 and an average price per square feet of $4.99. There are a total of 83 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 $4,975 and an average price per square feet of $4.41. There are a total of 116 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 0.37%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.24% year-over-year.

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

A reasonable rent price in Santa Monica, CA is around $3,880/month. You can search for these reasonably priced rental listings on RentHop.