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232 2 Bedroom Apartments for rent in Santa Monica, CA

Last updated January 23 at 3:49pm UTC
MySuite at 1427 Seventh Street
1427 7th Street
Santa Monica, CA
Updated January 23 at 1:23pm UTC
2 Bedrooms
$5,700
MySuite at 1548 Sixth Street
1548 6th Street
Santa Monica, CA
Updated January 23 at 1:23pm UTC
2 Bedrooms
$5,700
858 3rd St Apt 19
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 12:28pm UTC
2 Bedrooms
$3,950
933 21st Street
Northeast Santa Monica
Santa Monica, CA
Updated January 23 at 12:28pm UTC
2 Bedrooms
$5,750
1615 Centinela Avenue
Pico
Santa Monica, CA
Updated January 23 at 12:28pm UTC
2 Bedrooms
$2,750
305 San Vicente Blvd.
North of Montana
Santa Monica, CA
Updated January 23 at 12:28pm UTC
2 Bedrooms
$5,995
1538 Franklin St
Mid-City
Santa Monica, CA
Updated January 23 at 12:28pm UTC
2 Bedrooms
$2,750
1447 Harvard St
Mid-City
Santa Monica, CA
Updated January 23 at 12:27pm UTC
2 Bedrooms
$3,495
1045 3rd St
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 12:27pm UTC
2 Bedrooms
$3,495
1111 California Ave
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 9:38am UTC
2 Bedrooms
$4,500
1111 11th Street
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 9:38am UTC
2 Bedrooms
$5,490
1541 Harvard Street
Mid-City
Santa Monica, CA
Updated January 23 at 3:49pm UTC
2 Bedrooms
$2,695
1327 23RD Street
Mid-City
Santa Monica, CA
Updated January 23 at 12:36pm UTC
2 Bedrooms
$3,095
2528 ARIZONA Avenue
Mid-City
Santa Monica, CA
Updated January 23 at 12:36pm UTC
2 Bedrooms
$3,900
2015 17th St
Pico
Santa Monica, CA
Updated January 23 at 8:03am UTC
2 Bedrooms
$2,795
833 Ocean
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 9:38am UTC
2 Bedrooms
$8,000
922 LINCOLN
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 12:36pm UTC
2 Bedrooms
$4,100
918 12th St Apt 8
Wilshire-Montana
Santa Monica, CA
Updated January 23 at 12:28pm UTC
2 Bedrooms
$4,800

January 2019 Santa Monica Rent Report

Welcome to the January 2019 Santa Monica Rent Report. Santa Monica rents increased over the past month. In this report, we'll evaluate trends in the Santa Monica rental market, including comparisons to cities throughout the metro, state, and nation.

View full Santa Monica Rent Report
Rent Report
Santa Monica

January 2019 Santa Monica Rent Report

Welcome to the January 2019 Santa Monica Rent Report. Santa Monica rents increased over the past month. In this report, we'll evaluate trends in the Santa Monica rental market, including comparisons to cities throughout the metro, state, and nation.

Santa Monica rents increase sharply over the past month

Santa Monica rents have increased 0.8% over the past month, and are up slightly by 1.4% in comparison to the same time last year. Currently, median rents in Santa Monica stand at $1,690 for a one-bedroom apartment and $2,170 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in September. Santa Monica's year-over-year rent growth leads the state average of 0.3%, as well as the national average of 0.9%.

Rents rising across the Los Angeles Metro

Throughout the past year, rent increases have been occurring not just in the city of Santa Monica, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, 6 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Lancaster has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,610; the city has also seen rents fall by 6.7% over the past year, the biggest drop in the metro.
  • Santa Clarita has seen the fastest rent growth in the metro, with a year-over-year increase of 3.9%. The median two-bedroom there costs $2,580, while one-bedrooms go for $2,010.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,720; rents grew 0.2% over the past month and 0.5% over the past year.

Many large cities nationwide show more affordable rents compared to Santa Monica

As rents have increased slightly in Santa Monica, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Santa Monica is less affordable for renters.

  • Rents increased moderately in other cities across the state, with California as a whole logging rent growth of 0.3% over the past year. For example, rents have grown by 3.7% in San Jose, 2.4% in San Francisco, and 1.5% in San Diego.
  • Santa Monica's median two-bedroom rent of $2,170 is above the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year compared to the 1.4% rise in Santa Monica.
  • While Santa Monica's rents rose slightly over the past year, many cities nationwide also saw increases, including Austin (+3.4%), Phoenix (+3.3%), and New York (+2.7%).
  • Renters will generally find more expensive prices in Santa Monica than most large cities. For example, Houston has a median 2BR rent of $1,030, where Santa Monica is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Los Angeles $1,360 $1,750 -0.2% 1.5%
Long Beach $1,370 $1,760 -0.6% 0.3%
Anaheim $1,630 $2,100 -0.6% 1.0%
Santa Ana $1,440 $1,850 -0.4% -0.2%
Irvine $2,110 $2,720 0.2% 0.5%
Glendale $1,420 $1,820 0.5% 1.9%
Huntington Beach $1,810 $2,330 -0.7% -0.1%
Santa Clarita $2,010 $2,580 -0.6% 3.9%
Garden Grove $1,630 $2,090 -0.1% -0.3%
Lancaster $1,250 $1,610 -8.0% -6.7%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.