Top Rated Cheap Apartments for Rent in Santa Monica, CA from $500 (13 Rentals)

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Top Rated Apartments in Santa Monica.

Cheap Apartments in Santa Monica.

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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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1042 6th St
Studio to 1 Bedroom Apartments

1042 6th St

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

Lincoln SM

829-829 Broadway StSanta Monica, CA 90401
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1400 Brockton Ave
Studio to 2 Bedroom Apartments

1400 Brockton Ave

1400 Brockton AveLos Angeles, CA 90025
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3961 Moore St
Studio to 2 Bedroom Apartments

3961 Moore St

3961 Moore StLos Angeles, CA 90066
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Sea Haven Pool Apartments
Studio to 1 Bedroom Apartments

Sea Haven Pool Apartments

2320 Pacific AveVenice, CA 90291
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40 Westminster Ave
Studio Apartments

40 Westminster Ave

40 Westminster AveVenice, CA 90291
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11360 Iowa Ave
Studio to 2 Bedroom Apartments

11360 Iowa Ave

11360 Iowa AveLos Angeles, CA 90025
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  • Utilities Included

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.

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14-16 Wavecrest Ave
Studio to 1 Bedroom Apartments

14-16 Wavecrest Ave

14-16 Wavecrest AveVenice, CA 90291

Santa Monica, CA Local Guide

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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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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Real 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.

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Quick 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.

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Santa Monica, CA
Population: 91,411

Ranked #361

in US Census Population by City

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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 $1,548.

What is the price of a cheap apartment in Santa Monica?

The cheapest apartment in Santa Monica is Matteson by Category which is listed at $1,202, while the average apartment in Santa Monica costs $6,440.

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 10 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 $878 which is $5,562 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

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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.

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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.

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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.

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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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.