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Rental Market Trends in Santa Monica, CA

Updated September 2026

The average rent in Santa Monica, CA is $3,023/month.

Rent in Santa Monica is 82% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.

$3,023/month

Average Rent

581 Sq Ft

Average Size

+0.2%

Change / Year

1,528

Available Apartments

Santa Monica rent varies by unit size and layout:

  • Studio apartments in Santa Monica average $2,567 per month.
  • One-bedroom apartments in Santa Monica average $3,023 per month.
  • Two-bedroom apartments in Santa Monica average $3,979 per month.
  • Three-bedroom apartments in Santa Monica average $7,041 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$2,567/month
400 Sq Ft
One Bedroom
$3,023/month
581 Sq Ft
Two Bedroom
$3,979/month
842 Sq Ft
Three Bedroom
$7,041/month
1,068 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$3,857/month
769 Sq Ft
Two Bedroom
$6,559/month
1,107 Sq Ft
Three Bedroom
$14,947/month
2,154 Sq Ft
Four Bedroom
$33,184/month
4,597 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$3,609/month
1,471 Sq Ft
Two Bedroom
$7,160/month
1,107 Sq Ft
Three Bedroom
$9,353/month
1,529 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$11,403/month
1,634 Sq Ft
Three Bedroom
$8,349/month
1,976 Sq Ft
View Santa Monica Apartments

How much has average rent changed in Santa Monica, CA?

In the past year, rent has increased by 0.2%, which averages out to $6 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Santa Monica, CA

September 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Santa Monica, CA
Percentage*
Rent Range
1% Below $700/month
3% $700 - $1,000/month
5% $1,001 - $1,500/month
8% $1,501 - $2,000/month
83% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Santa Monica?

Based on current rent prices, Sunset Park, Pico and Northeast are the most affordable neighborhoods in Santa Monica.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Sunset Park
$2,694/month
1,261 Sq Ft
Pico
$3,140/month
551 Sq Ft
Northeast
$3,293/month
670 Sq Ft
Wilshire Montana
$3,310/month
692 Sq Ft
Mid-City Santa Monica
$3,413/month
644 Sq Ft
Ocean Park
$3,547/month
722 Sq Ft
Downtown Santa Monica
$3,571/month
609 Sq Ft
North of Montana
$4,202/month
743 Sq Ft

What are the most expensive neighborhoods in Santa Monica?

Based on current rent prices, North of Montana, Downtown Santa Monica and Ocean Park are the most expensive neighborhoods in Santa Monica.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
North of Montana
$4,202/month
743 Sq Ft
Downtown Santa Monica
$3,571/month
609 Sq Ft
Ocean Park
$3,547/month
722 Sq Ft
Mid-City Santa Monica
$3,413/month
644 Sq Ft
Wilshire Montana
$3,310/month
692 Sq Ft
Northeast
$3,293/month
670 Sq Ft
Pico
$3,140/month
551 Sq Ft
Sunset Park
$2,694/month
1,261 Sq Ft

Which Santa Monica neighborhoods have the most rentals available?

The neighborhoods in Santa Monica with the most apartments available are Pico, Downtown Santa Monica and Mid-City Santa Monica .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Pico
$3,140/month
551 Sq Ft
Downtown Santa Monica
$3,571/month
609 Sq Ft
Mid-City Santa Monica
$3,413/month
644 Sq Ft
Sunset Park
$2,694/month
1,261 Sq Ft
Ocean Park
$3,547/month
722 Sq Ft
Wilshire Montana
$3,310/month
692 Sq Ft
North of Montana
$4,202/month
743 Sq Ft
Northeast
$3,293/month
670 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Santa Monica, CA?

Because the average rent in Santa Monica is $3,023, you’ll want to make about $10,076 per month or $120,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Santa Monica, CA

1,528 Available Apartments for Rent

Search for Nearby Apartments

How does Santa Monica, CA compare to other nearby cities and neighborhoods?

Use the tool below to compare Santa Monica, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Santa Monica Area Guide

Apartment Averages

Sunset Park

Santa Monica, CA

North of Montana

Santa Monica, CA

Studio
$1,684/month
$2,716/month
One Bedroom
$2,180/month
$3,487/month
Two Bedroom
$2,914/month
$4,544/month
Three Bedroom
$3,488/month
$5,081/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Marina del Rey

    Marina del Rey

    Avg Rent: $3,644/month

  • Los Angeles

    Los Angeles

    Avg Rent: $2,189/month

  • Culver City

    Culver City

    Avg Rent: $2,721/month

  • Pacific Palisades

    Pacific Palisades

    Avg Rent: $3,093/month

  • Playa del Rey

    Playa del Rey

    Avg Rent: $2,471/month

  • Beverly Hills

    Beverly Hills

    Avg Rent: $2,838/month

  • Westchester

    Westchester

    Avg Rent: $2,376/month

  • West Hollywood

    West Hollywood

    Avg Rent: $2,548/month

Apartment Communities in Santa Monica We Think You'll Love

Living at Santa Monica

Living at Santa Monica

1519 6th St,
Santa Monica, CA 90401

Studio - 2 Beds | $3,231 - $4,898

Junction Santa Monica

Junction Santa Monica

1641 Lincoln Blvd,
Santa Monica, CA 90404

Studio - 3 Beds | $2,626 - $4,024

&Pico

&Pico

11916 W Pico Blvd,
Los Angeles, CA 90064

Studio - 1 Bed | $3,015 - $4,298

Santa Monica Collection - 501 Broadway

Santa Monica Collection - 501 Broadway

501 Broadway,
Santa Monica, CA 90401

Studio - 3 Beds | $2,901 - $6,903

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Frequently Asked Questions

What is the average rent in Santa Monica?

The average rent in Santa Monica is $3,023 per month, which is 81.6% higher than the national average of $1,665.

What is the average rent for a house in Santa Monica?

The average rent for a house in Santa Monica, CA is $14,947 per month.

What is the average rent for a townhome in Santa Monica?

The average rent for a townhome in Santa Monica, CA is $11,403 per month.

What is the average rent for a condo in Santa Monica?

The average rent for a condo in Santa Monica, CA is $3,609 per month.

Are rents going up or down in Santa Monica?

Rents in Santa Monica, CA are increasing, with prices up 0.2% year-over-year and $6 more per month.

What rent range is most common in Santa Monica?

In Santa Monica, CA, 83% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States California Santa Monica Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity