
Cheap Apartments for Rent in Santa Monica, CA from $500 (112 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Monica.


Total Monthly Price
2221 Ocean Ave

1117 3rd St

Total Monthly Price
1909 22nd St, Unit 3

Total Monthly Price
2913 2nd St, Unit 2911 - Front

1434 Santa Monica Blvd

1444 15th St

1517 11th St

501 Broadway

Belmar Apartments
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.

1122 6th St

Monterey Plaza

1017 Ocean Park Blvd

2307 Ocean Ave

130 W Channel Rd

1837-1839 Euclid St

1015 2nd Street

Ten Ten Apartments

Ocean Park Boulevard

123 California Ave
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.

1522 N Harvard St

1124 12th St

1042 6th St

Yale Apartments

Total Monthly Price
939 Palms Blvd, Unit 4

Total Monthly Price
101 Dudley Ave

30 Dudley Ave

Darlington Court Apartments

2553 S Sepulveda Blvd

33 Brooks Ave
More Than Just Hollywood: A Local Expert's Deep Dive into LA Living
Moving to Los Angeles? Get an insider's view on desirable neighborhoods like Koreatown, Los Feliz, and NELA, plus crucial insight on LA's vast sprawl and transit.

1775 Beloit Ave

Matteson by Category

Olive Co-Living

The Clover

Total Monthly Price
11290 Ohio Ave, Unit 01

11665 Mayfield Ave

1814 Pacific Ave

Bundy 1435 JVG

Fourth Avenue

Acacia
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Cypress Co-Living

West Park Village

Total Monthly Price
11053 1/2 Venice Blvd

The Brentwood Collection

11659 Mayfield Ave

Sea Isle Apartments

Luxe Villas

Leo Lofts

Beloit Avenue Apartments

1403 Innes Pl
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Santa Monica, CA Local Guide

How much does it cost to rent an apartment in Santa Monica?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Santa Monica Studio Apartments | $2,586 | $1,150 | $4,880 |
| Cheap Santa Monica 1 Bedroom Apartments | $3,212 | $1,500 | $6,945 |
| Cheap Santa Monica 2 Bedroom Apartments | $4,406 | $2,350 | $10,000+ |
| Cheap Santa Monica 3 Bedroom Apartments | $5,761 | $1,600 | $10,000+ |
| Cheap Santa Monica 4 Bedroom Apartments | $2,147 | $1,190 | $10,000+ |
| Santa Monica 5 Bedroom Apartments | $1,441 | $1,190 | $1,662 |
Browse Top Apartments in Santa Monica
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Santa Monica, CA Local Guide

- Santa Monica Neighborhoods
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Cheapest Neighborhoods for Apartments in Santa Monica, CA
Pricing Updated: 03/26/2026Current apartment rentals in the Santa Monica, CA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Santa Monica Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Wilshire Montana | $5,500 | $1,550 | 188 |
Cheapest Available Santa Monica Apartments for Rent
 The cheapest available apartment rental in Santa Monica, CA is a 1 Bed unit found at 501 Broadway in the Wilshire neighborhood priced from $587. 101 Dudley Ave in the Ocean Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,298. Here is today’s list of the most affordable Santa Monica apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 501 Broadway | 1x1 | 1BR,1BA | $587 |
| 101 Dudley Ave | JUNIOR STUDIO | Studio, | $1,298 |
| 30 Dudley Ave | Studio | Studio, | $1,298 |
| 1539 Beloit Ave | Unit PH10 | 4BR,3BA | $1,330 |
| Porter Mar Vista - Co-Living | 4 Bedroom Southwest | 4BR,3BA | $1,457 |
| Darlington Court Apartments | Studio | Studio,1BA | $1,495 |
| Avalon Apartments of Santa Monica | Single | Studio,1BA | $1,500 |
| 1775 Beloit Ave | # 02A | 1BR,1BA | $1,500 |
| 33 Brooks Ave | North | Studio,1BA | $1,500 |
Best Value Apartments for Rent in Santa Monica, CA
As of March 26, 2026 the best value apartment in the Santa Monica area is the $0.26 price per square foot Coliving Model at Haven Coliving - Penmar in the in the Venice Beach neighborhood starting from $995. The second greatest value Santa Monica apartment is the 4 Bed 3 Bath Model at 11515 Ohio Ave starting at $4,490 with a $2.25 price per square foot in the Sawtelle neighborhood. Here is today’s list of the best values for Santa Monica apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Haven Coliving - Penmar | Coliving | 4BR,4BA | $0.26 |
| 11515 Ohio Ave | 4 Bed 3 Bath | 4BR,3BA | $2.25 |
| Matteson by Category | Private Bedroom in Shared 5 Bed 3 Bath-D | 1BR,1BA | $0.98 |
| 1539 Beloit Ave | Unit PH10 | 4BR,3BA | $0.98 |
| 1909 22nd St, Unit 3 | 1909 22nd St | 3BR,2BA | $1.28 |
| 4253 S Centinela Ave | 2BR | 2BR,1BA | $1.96 |
| 1848 12th St | 1BR/1.0BA | 1BR,1BA | $2.00 |
| 1815 Greenfield Ave | 1Bd/1Ba | 1BR,1BA | $1.85 |
| Comma Barrington Co-Living | Co-Living | Freeway | 4 BR, 2 BA | 4BR,2BA | $1.56 |
| Olive Co-Living | Furnished Co-Living Studio Suite | Studio ,1BA | $2.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleA Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles
Learn About the Best Neighborhoods to Rent Near College Campuses in Los Angeles, CA | Find Los Angeles Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Santa Monica Overview
If you want to live in a city that has it all, look no further than Santa Monica, California. This beachside town is nestled in a spot between an excellent coastline and the city of Los Angeles. Apartments in Santa Monica offer residents a fantastic lifestyle.
Why live in Santa Monica, CA?
Santa Monica is one of the cities that could be truly called paradise. Access to excellent beaches, a walkable local layout, proximity to all sorts of geological and geographical landmarks, and a laid-back, modern atmosphere make it a truly unforgettable place.
Best Local Schools in Santa Monica, CA
Franklin Elementary
Santa Monica High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Santa Monica, CA Rentals by Map
See the most popular apartments and homes in Santa Monica, CA
Frequently Asked Questions about Cheap Santa Monica Apartments
What is a cheap apartment in Santa Monica?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Santa Monica is under $1,500.
What is the price of a cheap apartment in Santa Monica?
The cheapest apartment in Santa Monica is 501 Broadway which is listed at $587, while the average apartment in Santa Monica costs $5,500.
What types of apartments are the cheapest in Santa Monica?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Santa Monica that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Santa Monica?
Cheap apartments in Santa Monica have an average cost of $1,238 which is $4,262 cheaper than the average rent for all rentals in Santa Monica.
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.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Los Angeles, CA
Written by: Rachel Presser
Los Angeles is a vast and vibrant city where modernity meets more than a century of fascinating history, in addition to being a global bastion for the entertainment industry and the arts.

A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles
Written by: Rachel Presser
When most people think of collegiate destination cities, Boston and New York often come to mind in addition to smaller college towns.

More Than Just Hollywood: A Local Experts Deep Dive into LA Living
Written by: Rachel Presser
Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

The LA Price Check: Separating Cost of Living Myth from Reality
Written by: Rachel Presser
Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.