Cheap Apartments for Rent in the Downtown Santa Monica Neighborhood of Santa Monica, CA from $500 (73 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Santa Monica area of Santa Monica.

Los Angeles's Best Affordable Neighborhoods

Learn about Los Angeles and the best places to live with original content written by our Los Angeles, CA Local Expert Rachel Presser

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Catherine Santa Monica
Rent Specials
$2,640 - $9,676
Total Monthly Price

Total Monthly Price

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$2,640 - $9,676

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Studio to 3 Bedroom Apartments Available Now

Catherine Santa Monica

1625 Lincoln BlvdSanta Monica, CA 90404
Family Friendly
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Gibson Santa Monica
Rent Specials
$2,789 - $7,723
Total Monthly Price

Total Monthly Price

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$2,789 - $7,723

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Studio to 2 Bedroom Apartments Available Now

Gibson Santa Monica

1317 7Th StSanta Monica, CA 90401
Eco-Friendly
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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.

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Junction Santa Monica
Rent Specials
$2,856 - $4,232
Total Monthly Price

Total Monthly Price

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$2,856 - $4,232

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Studio to 3 Bedroom Apartments Available Now

Junction Santa Monica

1641 Lincoln BlvdSanta Monica, CA 90404
Transit Friendly
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property at 2311 4th St

$3,100

Total Monthly Price

Total Monthly Price

Base Rent
$3,100

Total Monthly Price
$3,100

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

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

2311 4th St
Santa MonicaCA90405
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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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1015 2nd Street
Studio to 2 Bedroom Apartments

1015 2nd Street

1015 2nd StSanta Monica, CA 90403
Student Housing
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1218 6th St
Studio Apartments

1218 6th St

1218 6th StSanta Monica, CA 90401
  • Utilities Included
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1117 3rd St
Studio to 1 Bedroom Apartments

1117 3rd St

1117 3rd StSanta Monica, CA 90403
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Lincoln SM
Studio to 2 Bedroom Apartments

Lincoln SM

829-829 Broadway StSanta Monica, CA 90401

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.

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Ocean Park Apartments
Studio to 2 Bedroom Apartments

Ocean Park Apartments

2427 W 4th StSanta Monica, CA 90405
  • Utilities Included
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Bay on 6th
Studio to 2 Bedroom Apartments

Bay on 6th

1920 6th AveSanta Monica, CA 90405
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1528 12th St
1 Bedroom Apartments

1528 12th St

1528 12th StSanta Monica, CA 90401
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1661 Appian Way
Studio Apartments

1661 Appian Way

1661 Appian WaySanta Monica, CA 90401
Corporate Housing
  • Utilities Included
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1843 7th St
1 Bedroom Apartments

1843 7th St

1843 7th StSanta Monica, CA 90401
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1811 7th St
1 to 2 Bedroom Apartments

1811 7th St

1811 7Th StSanta Monica, CA 90401
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PR SM Biella LLC
Studio to 2 Bedroom Apartments

PR SM Biella LLC

1411 7th StSanta Monica, CA 90401
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4TH2015
1 to 3 Bedroom Apartments

4TH2015

2015-2019 4th StSanta Monica, CA 90405
  • Utilities Included
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1231 5th St
Studio to 1 Bedroom Apartments

1231 5th St

1231 5th StSanta Monica, CA 90401
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1537 7th
Studio to 3 Bedroom Apartments

1537 7th

1537 7th StSanta Monica, CA 90401
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1523 11th St
1 to 2 Bedroom Apartments

1523 11th St

1523 11th StSanta Monica, CA 90401
  • Utilities Included
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227 Strand St
Studio to 1 Bedroom Apartments

227 Strand St

227 Strand StSanta Monica, CA 90405
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Genoa Apartments
Studio to 2 Bedroom Apartments

Genoa Apartments

1418 7th StSanta Monica, CA 90401
  • Utilities Included
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1857 7th St
1 to 2 Bedroom Apartments

1857 7th St

1857 7th StSanta Monica, CA 90401
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1533 9th St
2 Bedroom Apartments

1533 9th St

1533 9th StSanta Monica, CA 90401
  • Utilities Included
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2322 5th St
1 Bedroom Apartments

2322 5th St

2322 5th StSanta Monica, CA 90405
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VRS Portofino LLC
Studio to 2 Bedroom Apartments

VRS Portofino LLC

1450 5th StSanta Monica, CA 90401
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1028 3rd Street
1 Bedroom Apartments

1028 3rd Street

1028 3rd StSanta Monica, CA 90403
  • Utilities Included
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PR SM Verona LLC
1 to 2 Bedroom Apartments

PR SM Verona LLC

1528 6th StSanta Monica, CA 90401
  • Utilities Included

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.

Downtown Santa Monica, Santa Monica, CA Local Guide

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 ListingModel NameBed/BathPriced From
1517 11th StStudioStudio,1BA$1,800
1015 2nd Street1BR/1.0BA1BR,1BA$1,948
Criterion PromenadeStudio AStudio,1BA$2,095
Bay on 6thStudioStudio,1BA$2,099
1843 7th St1BR/1BA1BR,1BA$2,275
1455 9th Street221BR,1BA$2,295
1537 7thStudioStudio,1BA$2,427
325 Bay St.1211BR,1BA$2,475
1857 7th St1 Beds, 1 Baths1BR,1BA$2,575
Seventh West ApartmentsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2110 Main St, Unit 3032110 Main St2BR,1BA$4.20
Casa Grande Apartments2X2 Renovated2BR,2BA$3.00
1857 7th St1 Beds, 1 Baths1BR,1BA$2.86
512 Bay St, Unit 3512 Bay St2BR,1BA$4.06
511A Strand St, Unit 511 A511A Strand St2BR,1BA$4.41
1823 7th StModel2BR,1BA$4.14
1455 9th Street221BR,1BA$3.53
2219 4th St, Unit 22219 4th St1BR,1BA$4.27
225 Bay St1-Bedroom1BR,1BA$4.33
1843 7th St1BR/1BA1BR,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.

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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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Pet Friendly Lifestyle
Downtown Santa Monica, Santa Monica, CA

Ranked #3

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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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