
Cheap Apartments for Rent in Santa Monica, CA from $500 (179 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Monica.


1637 Berkeley St

2300 Oak St, Unit 2-B2

2300 Oak St, Unit 5

1441 Yale St, Unit B2

1228-1232 15th St.

Ocean Park Boulevard

1434 Santa Monica Blvd

Total Monthly Price
1511 Yale St, Unit H

Total Monthly Price
3005 Main St, Unit 101
LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area
Get more breathing room without compromising proximity to LA. Our Los Angeles local expert breaks down the best neighboring cities for renting more affordable apartments with easier commutes.

Total Monthly Price
1254 14th St, Unit A

1517 11th St

838 7th St

1042-1048 17th St

Belmar Apartments

1122 6th St

Monterey Plaza

1017 Ocean Park Blvd

2307 Ocean Ave

130 W Channel Rd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Avalon Apartments of Santa Monica

1837-1839 Euclid St

1537 7th

1015 2nd Street

1731 Pico Blvd

1522 N Harvard St

1124 12th St

1120 6th

1042 6th St

Yale Apartments
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Working at LAX, Disney, UCLA, or Kaiser Permanente? We detail the best LA neighborhoods—from Westchester to Magnolia Park—to help you find a rental and eliminate your commute.

1748 18th St

The Sovereign

2535 Kansas Ave

1307 15th St

1218 6th St

1001 19th St

2302 32nd St

1025 19th St

1420-1426 1/2 Maple St

Lincoln SM
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1117 3rd St

928-934 12th St

2478 Penmar Ave

Total Monthly Price
101 Dudley Ave

Total Monthly Price
2353 S Westgate Ave, Unit Westgate

11510 Ohio Ave, Unit 3

Matteson by Category

30 Dudley Ave

1607 S Bentley Ave

Olive Co-Living
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $2,628 | $1,298 | $5,395 |
| Cheap Santa Monica 1 Bedroom Apartments | $3,267 | $1,600 | $10,000+ |
| Cheap Santa Monica 2 Bedroom Apartments | $4,376 | $775 | $10,000+ |
| Cheap Santa Monica 3 Bedroom Apartments | $5,827 | $1,224 | $10,000+ |
| Cheap Santa Monica 4 Bedroom Apartments | $4,125 | $999 | $10,000+ |
| Santa Monica 5 Bedroom Apartments | $1,541 | $1,350 | $1,750 |
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: 08/11/2026Current apartment rentals in the Santa Monica, CA area range in price from $1,495 to $13,430 with an overall median price of $3,625. 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 | $3,625 | $1,495 | 320 |
Cheapest Available Santa Monica Apartments for Rent
 The cheapest available apartment rental in Santa Monica, CA is a 4 Beds unit found at 1539 Beloit Ave in the Sawtelle neighborhood priced from $1,250. 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 |
|---|---|---|---|
| 1539 Beloit Ave | Unit 304 | 4BR,3BA | $1,250 |
| 101 Dudley Ave | JUNIOR STUDIO | Studio, | $1,298 |
| 1228-1232 15th St. | Bachelor | Studio,1BA | $1,495 |
| 30 Dudley Ave | Studio | Studio,1BA | $1,498 |
| 1775 Beloit Ave | # 02A | 1BR,1BA | $1,500 |
| Olive Co-Living | Furnished Co-Living Studio Suite | Studio,1BA | $1,525 |
| Ocean Park Boulevard | Efficiency | Studio,1BA | $1,550 |
| Beloit Avenue Apartments | Studio | Studio,1BA | $1,550 |
| Porter Mar Vista - Co-Living | 4 Bedroom Southwest | 4BR,3BA | $1,587 |
Best Value Apartments for Rent in Santa Monica, CA
As of August 11, 2026 the best value apartment in the Santa Monica area is the $0.68 price per square foot 1909 Ocean Front Walk Model at 1909 Ocean Front Walk in the in the Venice Beach neighborhood starting from $2,250. The second greatest value Santa Monica apartment is the 2 Bedroom + 2 Bath Model at West Brent Apartments starting at $3,995 with a $2.00 price per square foot in the Brentwood 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. |
|---|---|---|---|
| 1909 Ocean Front Walk | 1909 Ocean Front Walk | 2BR,2.5BA | $0.68 |
| West Brent Apartments | 2 Bedroom + 2 Bath | 2BR,2BA | $2.00 |
| 1620 South Bentley Ave | 2BR/2.0BA | 2BR,2BA | $2.37 |
| 1539 Beloit Ave | Unit 105 | 4BR,3BA | $1.22 |
| 12323 Texas Ave | 2BR/2.0BA | 2BR,2BA | $2.17 |
| 11260 Westminster Ave | 2 bed 2 bath | 2BR,2BA | $2.18 |
| 1815 Greenfield Ave | 1Bd/1Ba | 1BR,1BA | $1.85 |
| Porter Mar Vista - Co-Living | 3 Bedroom South | 3BR,3BA | $1.91 |
| 10856 Rose Avenue, | 2x2 | 2BR,2BA | $2.44 |
| Comma Barrington Co-Living | Co-Living | Santa Monica | 4 BR, 2 BA | 4BR,2BA | $1.36 |
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.
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Santa Monica, CAPopulation: 91,411
Ranked #361
in US Census Population by City
Best Local Schools in Santa Monica, CA
Edison Elementary School
Santa Monica High
Lincoln Middle
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 $1,587.
What is the price of a cheap apartment in Santa Monica?
The cheapest apartment in Santa Monica is 1775 Beloit Ave which is listed at $1,500, while the average apartment in Santa Monica costs $3,625.
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 $988 which is $2,637 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

LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area
Written by: Rachel Presser
Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

Los Angeles Essential Guide: Finding Rentals Near LAs Biggest Job Hubs
Written by: Rachel Presser
Los Angeles is best known as an industry town.

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.

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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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.