
Cheap Apartments for Rent in the Downtown Santa Monica Neighborhood of Santa Monica, CA from $500 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Santa Monica area of Santa Monica.


Criterion Promenade

Silvercrest Senior Residence

303 California Ave

Total Monthly Price
1455 9th Street

325 Bay St.

Total Monthly Price
1517 9th St, Unit C

1047 2nd St, Unit 7

1857 7th St, Unit G

The Coastal Apartments
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Seventh West Apartments

225 Bay St

Total Monthly Price
Catherine Santa Monica

Pacific Plaza

Total Monthly Price
2219 4th St, Unit 2

Residences on Third Street Promenade

Total Monthly Price
The Santa Monica Collection - 1430 Lincoln

Total Monthly Price
Gibson Santa Monica

Breeze Suites Moderne

The Purser
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Total Monthly Price
Junction Santa Monica

1823 7th St

1433 9th St, Unit F

Casa Grande Apartments

2311 4th St, Unit 2311 4th st. 221

Belmar Apartments

1015 2nd Street

1218 6th St

1117 3rd St

Lincoln SM
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Ocean Park Apartments

Bay on 6th

1528 12th St

1661 Appian Way

1843 7th St

1811 7th St

Lugano Apartments PR III LLC

PR SM Biella LLC

4TH2015

1231 5th St
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1537 7th

1523 11th St

227 Strand St

Genoa Apartments

1857 7th St

1533 9th St

2322 5th St

VRS Portofino LLC

1028 3rd Street

PR SM Verona LLC
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Downtown Santa Monica, Santa Monica, CA Local Guide

How much does it cost to rent an apartment in Downtown Santa Monica?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Santa Monica Studio Apartments | $3,405 | $1,800 | $5,395 |
| Downtown Santa Monica 1 Bedroom Apartments | $3,701 | $2,100 | $10,000+ |
| Downtown Santa Monica 2 Bedroom Apartments | $5,297 | $2,895 | $9,800 |
| Downtown Santa Monica 3 Bedroom Apartments | $7,627 | $5,545 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 73 rentals with your search options within a 2 mile radius of the Downtown Santa Monica Neighborhood of Santa Monica, CA.
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Downtown Santa Monica, Santa Monica, CA Local Guide
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Cheapest Available Downtown Santa Monica Apartments for Rent
 The cheapest available apartment rental in the Downtown Santa Monica area of Los Angeles, CA is a Studio unit found at 1517 11th St priced from $1,800. 1015 2nd Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,948. Here are the most affordable Downtown Santa Monica apartments for rent in Los Angeles, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1517 11th St | Studio | Studio,1BA | $1,800 |
| 1015 2nd Street | 1BR/1.0BA | 1BR,1BA | $1,948 |
| Criterion Promenade | Studio A | Studio,1BA | $2,095 |
| Bay on 6th | Studio | Studio,1BA | $2,099 |
| 1843 7th St | 1BR/1BA | 1BR,1BA | $2,275 |
| 1455 9th Street | 22 | 1BR,1BA | $2,295 |
| 1537 7th | Studio | Studio,1BA | $2,427 |
| 325 Bay St. | 121 | 1BR,1BA | $2,475 |
| 1857 7th St | 1 Beds, 1 Baths | 1BR,1BA | $2,575 |
| Seventh West Apartments | Studio | Studio,1BA | $2,595 |
Best Value Apartments for Rent in Downtown Santa Monica, CA
As of July 21, 2026 the best value apartment in the Downtown Santa Monica area is the $4.20 price per square foot 2110 Main St Model at 2110 Main St, Unit 303 in the in the Ocean Park neighborhood starting from $8,050. The second greatest value Downtown Santa Monica apartment is the 2X2 Renovated Model at Casa Grande Apartments starting at $2,995 with a $3.00 price per square foot in the Pico neighborhood. Here is today’s list of the best values for Downtown Santa Monica apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2110 Main St, Unit 303 | 2110 Main St | 2BR,1BA | $4.20 |
| Casa Grande Apartments | 2X2 Renovated | 2BR,2BA | $3.00 |
| 1857 7th St | 1 Beds, 1 Baths | 1BR,1BA | $2.86 |
| 512 Bay St, Unit 3 | 512 Bay St | 2BR,1BA | $4.06 |
| 511A Strand St, Unit 511 A | 511A Strand St | 2BR,1BA | $4.41 |
| 1823 7th St | Model | 2BR,1BA | $4.14 |
| 1455 9th Street | 22 | 1BR,1BA | $3.53 |
| 2219 4th St, Unit 2 | 2219 4th St | 1BR,1BA | $4.27 |
| 225 Bay St | 1-Bedroom | 1BR,1BA | $4.33 |
| 1843 7th St | 1BR/1BA | 1BR,1BA | $4.14 |
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 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.
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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.
Pet Friendly LifestyleDowntown Santa Monica, Santa Monica, CA
Ranked #3
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Santa Monica Apartments
What is a cheap apartment in Downtown Santa Monica?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Santa Monica is under $2,595.
What is the price of a cheap apartment in Downtown Santa Monica?
The cheapest apartment in Downtown Santa Monica is 1015 2nd Street which is listed at $1,948, while the average apartment in Downtown Santa Monica costs $5,998.
What types of apartments are the cheapest in Downtown 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 Downtown 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 Downtown Santa Monica?
Cheap apartments in Downtown Santa Monica have an average cost of $941 which is $5,057 cheaper than the average rent for all rentals in Downtown 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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