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38 Cheap Apartments for rent in Santa Monica, CA

Last updated December 19 at 9:59am UTC
3222 Santa Monica Blvd
Mid-City
Santa Monica, CA
Updated November 30 at 11:03am UTC
Studio
$1,200
Results within 5 miles of Santa Monica, CA
3707 Motor Avenue
Palms
Los Angeles, CA
Updated December 19 at 9:45am UTC
Studio
Ask
1 Bedroom
$1,645
2 Bedrooms
Ask
944 Tiverton Ave - 24
Westwood
Los Angeles, CA
Updated December 19 at 9:59am UTC
Studio
$1,600
Results within 10 miles of Santa Monica, CA
Park Terrace
6425 Reseda Blvd
Los Angeles, CA
Updated December 19 at 3:17am UTC
1 Bedroom
$1,375
2 Bedrooms
Ask
18414 Collins St
18414 W Collins St
Los Angeles, CA
Updated December 17 at 11:09pm UTC
Studio
Ask
1 Bedroom
$1,595
Terraces at Tarzana I
5919 Reseda Blvd
Los Angeles, CA
Updated December 19 at 3:17am UTC
Studio
Ask
1 Bedroom
$1,350
2 Bedrooms
Ask
5230 Vesper Avenue
5230 Vesper Avenue
Los Angeles, CA
Updated November 8 at 10:26am UTC
1 Bedroom
$1,650
2 Bedrooms
$1,950
4117 Brdway
North Hawthorne
Hawthorne, CA
Updated December 19 at 9:45am UTC
1 Bedroom
$1,375
10600 Inglewood Ave
Lennox
Lennox, CA
Updated December 19 at 9:45am UTC
Studio
$1,050
601-05 Hyde Park Blvd
North Inglewood
Inglewood, CA
Updated December 19 at 9:45am UTC
Studio
Ask
1 Bedroom
$1,325
709 Inglewood Ave
Inglewood
Inglewood, CA
Updated December 19 at 9:45am UTC
1 Bedroom
$1,395
10305 Buford Ave
Lennox
Lennox, CA
Updated December 19 at 9:45am UTC
Studio
$1,095
1 Bedroom
Ask
15 1010 Larch St.
Inglewood
Inglewood, CA
Updated December 19 at 9:45am UTC
1 Bedroom
$1,495
1736 Marine Ave
Eastside Manhattan Beach
Manhattan Beach, CA
Updated December 19 at 9:45am UTC
1 Bedroom
$1,495
249 4235 W. 126th St.
North Hawthorne
Hawthorne, CA
Updated December 19 at 9:45am UTC
Studio
$1,225
1 Bedroom
Ask
8558 Chalmers Dr.
South Robertson
Los Angeles, CA
Updated December 19 at 9:45am UTC
Studio
$1,525
2 Bedrooms
Ask
39 10305 Buford Ave.
Lennox
Lennox, CA
Updated December 19 at 9:45am UTC
Studio
$1,095
1 Bedroom
Ask
06 633 E. 99th St.
Inglewood
Inglewood, CA
Updated December 19 at 9:45am UTC
1 Bedroom
$1,435
6525 South Victoria Avenue
Park Mesa Heights
Los Angeles, CA
Updated December 19 at 9:56am UTC
1 Bedroom
$1,400
5167 Yarmouth Avenue
Encino
Los Angeles, CA
Updated December 18 at 9:38pm UTC
1 Bedroom
$1,495
4660 Kester Ave
Sherman Oaks
Los Angeles, CA
Updated December 18 at 11:18am UTC
1 Bedroom
$1,650
8685 Wilshire Boulevard
Beverly Hills
Beverly Hills, CA
Updated December 19 at 9:59am UTC
Studio
$1,350
730 South Oxford Avenue
Wilshire Center - Koreatown
Los Angeles, CA
Updated December 19 at 7:50am UTC
1 Bedroom
$1,650

December 2018 Santa Monica Rent Report

Welcome to the December 2018 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

December 2018 Santa Monica Rent Report

Welcome to the December 2018 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 1.0% over the past month, and are up marginally by 0.7% in comparison to the same time last year. Currently, median rents in Santa Monica stand at $1,670 for a one-bedroom apartment and $2,150 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in September. Santa Monica's year-over-year rent growth lags the state average of 1.4%, as well as the national average of 1.3%.

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, 7 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Santa Clarita has seen the fastest rent growth in the metro, with a year-over-year increase of 4.0%. The median two-bedroom there costs $2,600, while one-bedrooms go for $2,020.
  • Over the past month, Huntington Beach has seen the biggest rent drop in the metro, with a decline of 1.0%. Median two-bedrooms there cost $2,350, while one-bedrooms go for $1,830.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,710; rents remained steady over the past month.
  • Lancaster has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,750; rents decreased 0.1% over the past month but were up 2.0% over the past year.

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

As rents have increased marginally in Santa Monica, a few large cities nationwide have seen rents grow more quickly. 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 1.4% over the past year. For example, rents have grown by 3.2% in San Jose, 1.8% in San Francisco, and 1.0% in San Diego.
  • Santa Monica's median two-bedroom rent of $2,150 is above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.7% rise in Santa Monica.
  • While Santa Monica's rents rose marginally over the past year, the city of Seattle saw a decrease of 0.4%.
  • 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 $1,370 $1,760 -0.1% 1.5%
Long Beach $1,380 $1,770 -0.1% 0.7%
Anaheim $1,640 $2,110 -0.7% 1.1%
Santa Ana $1,440 $1,860 -0.5% -0.2%
Irvine $2,110 $2,710 -0.0% 0.3%
Glendale $1,410 $1,810 0.5% 1.7%
Huntington Beach $1,830 $2,350 -1.0% -0.7%
Santa Clarita $2,020 $2,600 -0.5% 4.0%
Garden Grove $1,630 $2,090 -0.1% -0.4%
Lancaster $1,360 $1,750 -0.1% 2.0%
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.