Cheap Homes for Rent in Santa Barbara, CA from $1,600 (8 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Santa Barbara, CA Local Guide

Cheapest Neighborhoods for Apartments in Santa Barbara, CA

Pricing Updated: 12/29/2025

Current apartment rentals in the Santa Barbara, CA area range in price from $1,100 to $19,000 with an overall median price of $4,475. The three Santa Barbara neighborhoods with the lowest median rent pricing are Alta Mesa at $1,285, Lower Riviera at $2,450, and Riviera at $2,450. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Santa Barbara Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Alta Mesa$1,285$1,28514
Lower Riviera$2,600$2,4503
Riviera$2,600$2,4503
Bel Air$3,485$1,28527
Cielito$3,485$2,2508
Elings Park$3,485$1,28526
Mission Canyon$3,485$2,2509
Downtown Santa Barbara$3,500$1,28527
Lower East$3,500$1,28531
Milpas$3,500$1,28528

Cheapest Available Santa Barbara Apartments for Rent

 

The cheapest available apartment rental in Santa Barbara, CA is a Studio unit found at The Loop in the Cabrillo Business Park neighborhood priced from $1,050. The Arroyo House Student Living. in the Downtown Santa Barbara neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,285. Here is today’s list of the most affordable Santa Barbara apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The LoopSTUDIO - AffordableStudio,1BA$1,050
The Arroyo House Student Living.Old Mesa3BR,1BA$1,285
3735 San Remo DrLegacy Trust1BR,1BA$1,950

Best Value Apartments for Rent in Santa Barbara, CA

As of December 29, 2025 the best value apartment in the Santa Barbara area is the $2.86 price per square foot Flat Model at La Colina Gardens in the in the Foothill neighborhood starting from $4,000. The second greatest value Santa Barbara apartment is the 2/2 Model at Los Robles - Senior 55+ starting at $3,900 with a $2.95 price per square foot in the Upper State neighborhood. Here is today’s list of the best values for Santa Barbara apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
La Colina GardensFlat2BR,2BA$2.86
Los Robles - Senior 55+2/21BR,2BA$2.95
609 W Junipero St2Bed/2Bath2BR,2BA$3.83
123 Arboleda Rd, Unit Hope Ranch Annex - Unit A123 Arboleda Rd1BR,1BA$3.70
Tropicana Student HousingTropicana Gardens3BR,2BA$2.01
3735 San Remo DrLegacy Trust1BR,1BA$2.60
Villa Flores Apartments1 Bedroom1BR,1BA$3.53
Breakpointe CoronadoCoronado 1x1A1BR,1BA$3.32
The LoopSTUDIO - DoubleStudio ,1BA$3.60
The Arroyo House Student Living.Foothill1BR,1BA$3.75

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Santa Barbara

What type of rentals are currently available in Santa Barbara?

There are currently 835 Apartments for Rent in Santa Barbara, CA with pricing that ranges from $1,100 to $19,000. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Barbara ranging from $1,650 to $100,000.

What is the current price range for Rental Homes in Santa Barbara?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Santa Barbara ranges from $1,650 to $100,000 with an average monthly rent of $29,376.

How much are larger Three and Four Bedroom Rentals in Santa Barbara?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Santa Barbara range from $1,285 to $14,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,750 to $31,000. Four Bedroom Single-Family rentals are also available starting from $5,800 and Four Bedroom Apartments start at $1,100.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!