Cheapest Neighborhoods in Santa Monica, CA
Some of the cheapest neighborhoods in Santa Monica are Sunset Park, Wilshire Montana, and Pico. These neighborhoods offer some of the lowest rent prices in Santa Monica, making them ideal for renters on a budget. As of June 19, 2026, the average rent in Santa Monica is $2,990, which is 1.3% 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
$2,690/Month
Year-Over-Year Rent Change
0.2%
Units Available
69 Rentals
Sunset Park is an affordable neighborhood in Santa Monica with an average rent price of $2,690. Compare this to the city average of $2,990. In the past year, rent prices have increased by 0.2%. Sunset Park provides easy access to Santa Monica Pier Aquarium, 17 St/ Smc, and Santa Monica Coll., Bundy.
Wilshire Montana
Average Rent
$3,223/Month
Year-Over-Year Rent Change
0.1%
Units Available
106 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 $3,223, while the city’s average stands at $2,990. In the last year, prices have increased by 0.1%. Wilshire Montana is near Downtown Santa Monica, 17 St/ Smc, and Bob Hope.
Pico
Average Rent
$3,399/Month
Year-Over-Year Rent Change
1.7%
Units Available
310 Rentals
Pico is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pico is $3,399 while the city average is $2,990. This is a -1.7% difference from last year. Residents enjoy convenient access to Santa Monica College, Madison, Santa Monica Pier Aquarium, and Santa Monica Coll..
Ocean Park
Average Rent
$3,405/Month
Year-Over-Year Rent Change
1.1%
Units Available
72 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out Ocean Park. The average rent is $3,405, compared to the city average of $2,990. Rent prices have increased by 1.1%. Ocean Park is convenient to Santa Monica Coll., Emeritus, Expo/Bundy, and Edgemar.
Northeast
Average Rent
$3,563/Month
Year-Over-Year Rent Change
0.8%
Units Available
23 Rentals
Northeast is an affordable neighborhood in Santa Monica with an average rent price of $3,563. Compare this to the city average of $2,990. In the past year, rent prices have decreased by 0.8%. Northeast provides easy access to 26Th St/Bergamont, Will Rogers State Historic Park, and Stanford Court.
Mid-City Santa Monica
Average Rent
$3,663/Month
Year-Over-Year Rent Change
0.9%
Units Available
327 Rentals
If you’re looking for a great, affordable neighborhood in Santa Monica, Mid-City Santa Monica might be the perfect place! It has an average rent price of $3,663, while the city’s average stands at $2,990. In the last year, prices have increased by 0.9%. Mid-City Santa Monica is near Downtown Santa Monica, Expo / Sepulveda Station, and Stanford Plaza.
Downtown Santa Monica
Average Rent
$3,807/Month
Year-Over-Year Rent Change
1.7%
Units Available
460 Rentals
Downtown Santa Monica is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Santa Monica is $3,807 while the city average is $2,990. This is a -1.7% difference from last year. Residents enjoy convenient access to Santa Monica Place, Bob Hope, and Expo/Bundy.
North of Montana
Average Rent
$4,116/Month
Year-Over-Year Rent Change
0.5%
Units Available
38 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out North of Montana. The average rent is $4,116, compared to the city average of $2,990. Rent prices have increased by 0.5%. North of Montana is convenient to Expo/Bundy, Santa Monica Coll., and 17 St/ Smc.
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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.