Cheapest Neighborhoods in Santa Monica, CA
Some of the cheapest neighborhoods in Santa Monica are Sunset Park, Ocean Spray, and Clem Mar Heights. These neighborhoods offer some of the lowest rent prices in Santa Monica, making them ideal for renters on a budget. As of August 3, 2026, the average rent in Santa Monica is $3,009, which is 0.5% 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
$2,550/Month
Year-Over-Year Rent Change
0.4%
Units Available
80 Rentals
Sunset Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sunset Park is $2,550 while the city average is $3,009. This is a 0.4% difference from last year. Residents enjoy convenient access to 17 St/ Smc, Expo/Bundy, and Ballona Creek Trail - Ballona Wetlands Ecological Reserve Access.
Ocean Spray
Average Rent
$3,015/Month
Units Available
14 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out Ocean Spray. The average rent is $3,015, compared to the city average of $3,009.
Clem Mar Heights
Average Rent
$3,020/Month
Units Available
20 Rentals
Clem Mar Heights is an affordable neighborhood in Santa Monica with an average rent price of $3,020. Compare this to the city average of $3,009.
Ocean Park Terrace
Average Rent
$3,143/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Santa Monica, Ocean Park Terrace might be the perfect place! It has an average rent price of $3,143, while the city’s average stands at $3,009.
Pico
Average Rent
$3,158/Month
Year-Over-Year Rent Change
0.8%
Units Available
328 Rentals
Pico is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pico is $3,158 while the city average is $3,009. This is a -0.8% difference from last year. Residents enjoy convenient access to Mathias Botanical Garden, Santa Monica Coll., Academy, and Sunset Park Plaza.
Sierra Vista Heights
Average Rent
$3,215/Month
Units Available
53 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out Sierra Vista Heights. The average rent is $3,215, compared to the city average of $3,009.
Chelsea Green
Average Rent
$3,233/Month
Units Available
16 Rentals
Chelsea Green is an affordable neighborhood in Santa Monica with an average rent price of $3,233. Compare this to the city average of $3,009.
Wilshire Montana
Average Rent
$3,252/Month
Year-Over-Year Rent Change
0.3%
Units Available
101 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 $3,252, while the city’s average stands at $3,009. In the last year, prices have increased by 0.3%. Wilshire Montana is near Los Angeles International, Santa Monica College, Madison, and Temescal Gateway Park.
Towner Terrace
Average Rent
$3,285/Month
Units Available
91 Rentals
Towner Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Towner Terrace is $3,285 while the city average is $3,009.
Green Acres
Average Rent
$3,373/Month
Units Available
19 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out Green Acres. The average rent is $3,373, compared to the city average of $3,009.
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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.