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 $2,989, which is 1.4% 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
$2,689/Month
Year-Over-Year Rent Change
0.4%
Units Available
70 Rentals
Sunset Park is an affordable neighborhood in Santa Monica with an average rent price of $2,689. Compare this to the city average of $2,989. In the past year, rent prices have decreased by 0.4%. Sunset Park provides easy access to The Art Inst., Los Angeles, Santa Monica Pier Aquarium, and Bob Hope.
Wilshire Montana
Average Rent
$3,219/Month
Year-Over-Year Rent Change
0.1%
Units Available
107 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 $3,219, while the city’s average stands at $2,989. In the last year, prices have increased by 0.1%. Wilshire Montana is near Santa Monica Coll., Emeritus, Santa Monica Pier Aquarium, and Santa Monica Coll..
Pico
Average Rent
$3,399/Month
Year-Over-Year Rent Change
2.3%
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 $2,989. This is a -2.3% difference from last year. Residents enjoy convenient access to 17 St/ Smc, Santa Monica Coll., and Mathias Botanical Garden.
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 $2,989. Rent prices have increased by 1.1%. Ocean Park is convenient to Santa Monica Coll., Bob Hope, and Los Angeles International.
Northeast
Average Rent
$3,529/Month
Year-Over-Year Rent Change
0.8%
Units Available
24 Rentals
Northeast is an affordable neighborhood in Santa Monica with an average rent price of $3,529. Compare this to the city average of $2,989. In the past year, rent prices have decreased by 0.8%. Northeast provides easy access to Santa Monica Coll., 26Th St/Bergamont, and Mathias Botanical Garden.
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 $2,989. In the last year, prices have increased by 0.9%. Mid-City Santa Monica is near Los Angeles International, Will Rogers State Historic Park, and Stanford Plaza.
Downtown Santa Monica
Average Rent
$3,807/Month
Year-Over-Year Rent Change
1.8%
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 $2,989. This is a -1.8% difference from last year. Residents enjoy convenient access to Los Angeles International, Third Street Promenade, and 26Th St/Bergamont.
North of Montana
Average Rent
$4,100/Month
Year-Over-Year Rent Change
0.5%
Units Available
39 Rentals
When you’re looking for a great Santa Monica neighborhood on a budget, check out North of Montana. The average rent is $4,100, compared to the city average of $2,989. Rent prices have increased by 0.5%. North of Montana is convenient to Santa Monica State Beach, Temescal Gateway Park, and Wilshire Shopping Center.
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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.