Most Affordable Neighborhoods in Santa Monica, CA
Some of the cheapest neighborhoods in Santa Monica are Sunset Park, Wilshire Montana, and North of Montana. These neighborhoods offer some of the lowest rent prices in Santa Monica, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Santa Monica is $3,000, which is 0.3% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Sunset Park
Average Rent
$2,645/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
52/100
Units Available
49 Rentals
Sunset Park is an affordable neighborhood in Santa Monica with an average rent price of $2,645. Compare this to the city average of $3,000. In the past year, rent prices have decreased by 0.7%. Sunset Park provides easy access to Bob Hope, Santa Monica Pier Aquarium, and The Art Inst., Los Angeles. It’s a walkable neighborhood with a WalkScore® of 81.
Wilshire Montana
Average Rent
$3,085/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
65/100
Units Available
91 Rentals
If you’re looking for a great, affordable neighborhood in Santa Monica, Wilshire Montana might be the perfect place! It has an average rent price of $3,085, while the city’s average stands at $3,000. In the last year, prices have increased by 0.7%. Wilshire Montana is near Los Angeles International, Broadway Plaza, and Temescal Gateway Park.
North of Montana
Average Rent
$3,354/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
45/100
Units Available
47 Rentals
North of Montana is a top choice for budget-conscious renters for a variety of reasons. The average rent in North of Montana is $3,354 while the city average is $3,000. This is a 1.2% difference from last year. Residents enjoy convenient access to 17 St/ Smc, Will Rogers State Historic Park, and Brentwood Country Mart. The neighborhood is considered walkable with a WalkScore® of 77.
Ocean Park
Average Rent
$3,380/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
60/100
Units Available
74 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out Ocean Park. The average rent is $3,380, compared to the city average of $3,000. Rent prices have decreased by 0.7%. Ocean Park is convenient to Edgemar, Santa Monica State Beach, and Ballona Creek Trail - Ballona Wetlands Ecological Reserve Access. The community is walkable with a WalkScore® of 92.
Pico
Average Rent
$3,437/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
67/100
Units Available
84 Rentals
Pico is an affordable neighborhood in Santa Monica with an average rent price of $3,437. Compare this to the city average of $3,000. In the past year, rent prices have decreased by 5.4%. Pico provides easy access to Santa Monica College, Madison, Sunset Park Plaza, and Will Rogers State Beach. It’s a walkable neighborhood with a WalkScore® of 84.
Northeast
Average Rent
$3,576/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
62/100
Units Available
28 Rentals
If you’re looking for a great, affordable neighborhood in Santa Monica, Northeast might be the perfect place! It has an average rent price of $3,576, while the city’s average stands at $3,000. In the last year, prices have increased by 6.3%. Northeast is near Santa Monica Coll., Emeritus, Expo/Bundy, and Will Rogers State Beach.
Mid-City Santa Monica
Average Rent
$3,636/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
69/100
Units Available
189 Rentals
Mid-City Santa Monica is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mid-City Santa Monica is $3,636 while the city average is $3,000. This is a 0.4% difference from last year. Residents enjoy convenient access to Downtown Santa Monica, Expo / Sepulveda Station, and Santa Monica College, Madison. The neighborhood is considered walkable with a WalkScore® of 91.
Downtown Santa Monica
Average Rent
$4,439/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
77/100
Units Available
142 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out Downtown Santa Monica. The average rent is $4,439, compared to the city average of $3,000. Rent prices have increased by 2%. Downtown Santa Monica is convenient to Los Angeles International, 26Th St/Bergamont, and Santa Monica Coll., Academy. The community is walkable with a WalkScore® of 94.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.