54 Furnished Apartments for rent in Santa Monica, CA

Last updated November 23 at 2:16am UTC
234 12TH Street
North of Montana
Santa Monica, CA
Updated October 26 at 2:27am UTC
5 Bedrooms
$19,000
101 California Avenue
Wilshire-Montana
Santa Monica, CA
Updated November 16 at 6:15pm UTC
2 Bedrooms
$6,950
1243 Franklin St
Mid-City
Santa Monica, CA
Updated November 23 at 2:11am UTC
2 Bedrooms
$4,500
220 San Vicente Boulevard
North of Montana
Santa Monica, CA
Updated November 19 at 11:25am UTC
1 Bedroom
$3,150
914 5th St
Wilshire-Montana
Santa Monica, CA
Updated November 23 at 2:10am UTC
3 Bedrooms
$11,995
1434 10TH Street
Pico
Santa Monica, CA
Updated November 21 at 10:08am UTC
2 Bedrooms
$4,595
101 CALIFORNIA Avenue
Wilshire-Montana
Santa Monica, CA
Updated November 23 at 1:53am UTC
1 Bedroom
$6,200
408 17th Street
North of Montana
Santa Monica, CA
Updated November 16 at 5:57pm UTC
6 Bedrooms
$35,000
3111 4th St
Ocean Park
Santa Monica, CA
Updated November 21 at 2:16am UTC
1 Bedroom
$2,995
1021 12th Street
Wilshire-Montana
Santa Monica, CA
Updated November 9 at 11:09am UTC
1 Bedroom
$3,100
702 PALISADES BEACH Road
North of Montana
Santa Monica, CA
Updated October 26 at 2:27am UTC
4 Bedrooms
$45,000
11 MARINE Terrace
Downtown Santa Monica
Santa Monica, CA
Updated November 23 at 1:53am UTC
3 Bedrooms
$19,999
947 4th St
Wilshire-Montana
Santa Monica, CA
Updated November 23 at 2:11am UTC
3 Bedrooms
$10,000
169 West CHANNEL Road
Pacific Palisades
Santa Monica, CA
Updated November 8 at 1:48am UTC
2 Bedrooms
$4,950
443 PALISADES BEACH Road
North of Montana
Santa Monica, CA
Updated September 6 at 2:58am UTC
5 Bedrooms
$50,000
116 PACIFIC Street
Ocean Park
Santa Monica, CA
Updated October 25 at 9:36am UTC
3 Bedrooms
$13,995
1751 APPIAN Way
Downtown Santa Monica
Santa Monica, CA
Updated November 12 at 1:58am UTC
3 Bedrooms
$13,495
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November 2017 Santa Monica Rent Report

Welcome to the November 2017 Santa Monica Rent Report. Santa Monica rents declined 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

November 2017 Santa Monica Rent Report

Welcome to the November 2017 Santa Monica Rent Report. Santa Monica rents declined 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 declined significantly over the past month

Santa Monica rents have declined 0.6% over the past month, but have increased slightly by 1.2% in comparison to the same time last year. Currently, median rents in Santa Monica stand at $1,650 for a one-bedroom apartment and $2,120 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in July. Santa Monica's year-over-year rent growth lags the state average of 4.3%, as well as the national average of 2.7%.

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

  • Los Angeles proper has seen rents fall by 0.2% over the past month, the biggest drop in the metro. It also has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,730.
  • Garden Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 10.9%. The median two-bedroom there costs $2,100, while one-bedrooms go for $1,640.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,710; rents grew 0.8% over the past month and 5.4% over the past year.

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

As rents have increased slightly in Santa Monica, 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 significantly in other cities across the state, with California as a whole logging rent growth of 4.3% over the past year. For example, rents have grown by 4.0% in San Diego, 3.0% in San Jose, and 1.8% in San Francisco.
  • Santa Monica's median two-bedroom rent of $2,120 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.2% increase in Santa Monica.
  • While Santa Monica's rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Boston (+1.3%).
  • Renters will generally find more expensive prices in Santa Monica than most large cities. For example, Houston has a median 2BR rent of $1,010, 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 $1,350 $1,730 -0.2% 3.9%
Long Beach $1,360 $1,740 0.4% 4.4%
Anaheim $1,620 $2,080 0.4% 5.4%
Santa Ana $1,440 $1,860 0.8% 6.5%
Irvine $2,110 $2,710 0.8% 5.4%
Glendale $1,370 $1,770 0.3% 0.8%
Huntington Beach $1,860 $2,390 0.7% 3.0%
Santa Clarita $1,950 $2,510 0.5% 7.1%
Garden Grove $1,640 $2,100 10.9%
Pasadena $1,610 $2,070 0.4% -0.5%
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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.