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 $18,250 for a 4-bedroom rental. The median price of all currently available listings is $4,800, 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 $836 (36.26%) year-over-year from $2,307 to $3,143. 1-bedroom rentals prices have increased by $460 (15.25%) year-over-year from $3,013 to $3,473. 2-bedroom rentals prices have increased by $569 (12.47%) year-over-year from $4,566 to $5,135. 3-bedroom rentals prices have increased by $1,438 (23.73%) year-over-year from $6,058 to $7,495. 4-bedroom rentals prices have increased by $5,585 (45.91%) year-over-year from $12,165 to $17,750. 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 30.36% this month. 1-bedroom rents have gone up by 6.38% this month. 2-bedroom rents have gone up by 4.74% this month. 3-bedroom rents have gone up by 2.93% this month. 4-bedroom rents have gone up by 9.24% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.17	$3,143	$2,307 (36.26%)	$2,790 (12.67%)
1 BR	$4.83	$3,473	$3,013 (15.25%)	$2,479 (40.07%)
2 BR	$4.33	$5,135	$4,566 (12.47%)	$3,650 (40.68%)
3 BR	$4.40	$7,495	$6,058 (23.73%)	$6,165 (21.57%)
4+ BR	$5.01	$17,750	$12,165 (45.91%)	$9,748 (82.08%)

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 $5,471 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 20.92% more expensive than other cities nearby. One bedrooms are about 22.06% more affordable. Two bedrooms in Santa Monica, CA are about 6.48% more affordable. Finally, rent for three bedrooms are about 3.53% 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	$2,085	$2,650	$3,863	$4,500
West Hollywood, CA	$3,125	$3,906	$5,324	$5,471
Beverly Hills, CA	$2,499	$4,173	$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 $5,838 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $5,838. Interestingly, the neighborhoods' average rent is higher than Santa Monica's average rent, which is only $4,800. Out of all the neighborhoods in or near Santa Monica, Mar Vista has the most affordable average rent at $3,800 per month. Whereas, at $19,725 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	$2,513	$4,699	$3,800
Westchester-Playa Del Rey, Los Angeles, CA	$2,382	$2,766	$3,750	$4,094
West Los Angeles, Los Angeles, CA	$2,095	$3,150	$3,782	$4,400
South Robertson, Los Angeles, CA	N/A	$2,595	$3,773	$4,498
Marina del Rey, Los Angeles, CA	$2,400	$3,316	$4,800	$4,514
Westwood, Los Angeles, CA	$2,097	$3,750	$4,500	$5,325
Westside, Los Angeles, CA	$2,575	$6,550	$5,495	$6,350
Brentwood, Los Angeles, CA	N/A	$3,273	$4,695	$7,423
Venice, Los Angeles, CA	$3,375	$4,475	$6,500	$7,700
North of Montana, Santa Monica, CA	$4,400	$4,850	$7,995	$8,475
Pacific Palisades, Los Angeles, CA	N/A	$3,300	$6,750	$16,000
Bel Air-Beverly Crest, Los Angeles, CA	$2,313	$3,750	$9,200	$19,725

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 $4,857. 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 $3,483 per month. In comparison, the zipcode with the most expensive average rent of $7,350 per month is 90049, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,382. 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 $2,971 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,648 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	$4,893	$7,350
90024, Los Angeles, CA	$2,300	$3,750	$4,500	$5,216
90034, Los Angeles, CA	$2,795	$2,398	$4,795	$4,498
90045, Los Angeles, CA	$2,464	$2,669	$3,427	$3,483

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 $4,800. 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 $7.17. There are a total of 20 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 $3,200 and an average price per square feet of $4.83. 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 $5,000 and an average price per square feet of $4.33. There are a total of 112 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 0.36%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.12%, 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 $3,840/month. You can search for these reasonably priced rental listings on RentHop.