Cheap Apartments for Rent in Santa Monica, CA from $500 (112 Rentals)

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2221 Ocean Ave
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500
Studio Apartment Available Apr 1

2221 Ocean Ave

2221 Ocean AveSanta Monica, CA 90405
Furnished
  • Smoke Free
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501 Broadway
Studio to 3 Bedroom Apartments

501 Broadway

501 BroadwaySanta Monica, CA 90401
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Belmar Apartments
Studio to 3 Bedroom Apartments

Belmar Apartments

1725 Ocean AveSanta Monica, CA 90401
  • Utilities Included

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1122 6th St
1 to 2 Bedroom Apartments

1122 6th St

1122 6th StSanta Monica, CA 90403
  • Utilities Included
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Monterey Plaza
2 Bedroom Apartments

Monterey Plaza

11701 Texas AveSanta Monica, CA 90405
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1017 Ocean Park Blvd
1 to 2 Bedroom Apartments

1017 Ocean Park Blvd

1017 Ocean Park BlvdSanta Monica, CA 90405
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2307 Ocean Ave
Studio to 2 Bedroom Apartments

2307 Ocean Ave

2301-2307 Ocean AveSanta Monica, CA 90405
  • Utilities Included
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130 W Channel Rd
Studio to 1 Bedroom Apartments

130 W Channel Rd

130 W Channel RdSanta Monica, CA 90402
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1837-1839 Euclid St
Studio to 2 Bedroom Apartments

1837-1839 Euclid St

1837-1839 Euclid StSanta Monica, CA 90404
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1015 2nd Street
Studio to 2 Bedroom Apartments

1015 2nd Street

1015 2nd StSanta Monica, CA 90403
Student Housing
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Ten Ten Apartments
Studio to 1 Bedroom Apartments

Ten Ten Apartments

1010 Pico BlvdSanta Monica, CA 90405
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Ocean Park Boulevard
Studio to 2 Bedroom Apartments

Ocean Park Boulevard

1717-1723 Ocean Park BlvdSanta Monica, CA 90405
  • Utilities Included
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123 California Ave
Studio to 3 Bedroom Apartments

123 California Ave

123 California AveSanta Monica, CA 90403
Student Housing

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1522 N Harvard St
Studio to 2 Bedroom Apartments

1522 N Harvard St

1522 N Harvard StSanta Monica, CA 90404
  • Utilities Included
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1124 12th St
1 to 3 Bedroom Apartments

1124 12th St

1124 12th StSanta Monica, CA 90403
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1042 6th St
Studio to 1 Bedroom Apartments

1042 6th St

1042 6th StSanta Monica, CA 90403
  • Utilities Included
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Yale Apartments
Studio to 2 Bedroom Apartments

Yale Apartments

1328 Yale StSanta Monica, CA 90404
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101 Dudley Ave
Rent Specials
$1,298 - $2,498
Total Monthly Price

Total Monthly Price

Base Rent
$1,298 - $2,498

Total Monthly Price
$1,298 - $2,498
Studio Apartments Available Now

101 Dudley Ave

101 Dudley AveVenice, CA 90291
Student Housing
  • Verified
  • Utilities Included
  • Smoke Free

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11290 Ohio Ave, Unit 01
$1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595
Studio Apartment Available Now

11290 Ohio Ave, Unit 01

11290 Ohio AveLos Angeles, CA 90025
Affordability
  • Smoke Free

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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.

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1403 Innes Pl
Studio to 1 Bedroom Apartments

1403 Innes Pl

1403 Innes PlVenice, CA 90291

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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

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Santa Monica, CA

Pricing Updated: 03/26/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Wilshire Montana$5,500$1,550188

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 ListingModel NameBed/BathPriced From
501 Broadway1x11BR,1BA$587
101 Dudley AveJUNIOR STUDIOStudio,$1,298
30 Dudley AveStudioStudio,$1,298
1539 Beloit AveUnit PH104BR,3BA$1,330
Porter Mar Vista - Co-Living4 Bedroom Southwest4BR,3BA$1,457
Darlington Court ApartmentsStudioStudio,1BA$1,495
Avalon Apartments of Santa MonicaSingleStudio,1BA$1,500
1775 Beloit Ave# 02A1BR,1BA$1,500
33 Brooks AveNorthStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Haven Coliving - PenmarColiving4BR,4BA$0.26
11515 Ohio Ave4 Bed 3 Bath4BR,3BA$2.25
Matteson by CategoryPrivate Bedroom in Shared 5 Bed 3 Bath-D1BR,1BA$0.98
1539 Beloit AveUnit PH104BR,3BA$0.98
1909 22nd St, Unit 31909 22nd St3BR,2BA$1.28
4253 S Centinela Ave2BR2BR,1BA$1.96
1848 12th St1BR/1.0BA1BR,1BA$2.00
1815 Greenfield Ave1Bd/1Ba1BR,1BA$1.85
Comma Barrington Co-LivingCo-Living | Freeway | 4 BR, 2 BA4BR,2BA$1.56
Olive Co-LivingFurnished Co-Living Studio SuiteStudio ,1BA$2.23

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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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A 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

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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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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.

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

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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.

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