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15 Apartments under 1500 for rent in Santa Monica, CA

Last updated January 17 at 11:52pm UTC
3222 Santa Monica Blvd
Mid-City
Santa Monica, CA
Updated January 17 at 4:56pm UTC
Studio
$1,200
Results within 10 miles of Santa Monica, CA
Terraces at Tarzana I
5919 Reseda Blvd
Los Angeles, CA
Updated January 17 at 11:52pm UTC
Studio
$1,395
1 Bedroom
$1,495
2 Bedrooms
Ask
7063 Lanewood Ave
Hollywood
Los Angeles, CA
Updated January 17 at 4:57pm UTC
Studio
$1,450
6042 Romaine St
Hollywood
Los Angeles, CA
Updated January 17 at 4:57pm UTC
1 Bedroom
$1,495
5460 White Oak st. Unit A
Encino
Los Angeles, CA
Updated January 17 at 4:56pm UTC
1 Bedroom
$1,495
4117 Brdway
North Hawthorne
Hawthorne, CA
Updated January 17 at 9:38am UTC
Studio
$1,195
1 Bedroom
Ask
709 Inglewood Ave
Inglewood
Inglewood, CA
Updated January 17 at 9:38am UTC
1 Bedroom
$1,425
10305 Buford Ave
Lennox
Lennox, CA
Updated January 17 at 9:38am UTC
Studio
Ask
1 Bedroom
$1,295
633 99th St
Inglewood
Inglewood, CA
Updated January 17 at 9:38am UTC
1 Bedroom
$1,395
13921 Inglewood Ave
Holly Glen - Del Aire
Hawthorne, CA
Updated January 17 at 9:38am UTC
Studio
$1,115
15 1010 Larch St.
Inglewood
Inglewood, CA
Updated January 17 at 9:38am UTC
1 Bedroom
$1,445
4235 126th St
North Hawthorne
Hawthorne, CA
Updated January 17 at 9:38am UTC
Studio
Ask
1 Bedroom
$1,395
25 10600 Inglewood Ave.
Lennox
Lennox, CA
Updated January 17 at 9:38am UTC
Studio
$1,050
6001 S Fairfax Avenue
Ladera Heights
Ladera Heights, CA
Updated January 17 at 9:14pm UTC
Studio
$1,250
1200 North CLARK Street
West Hollywood
West Hollywood, CA
Updated January 17 at 9:14pm UTC
Studio
$1,395

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.