Cheap Studio Apartments for Rent in the Downtown Santa Monica Neighborhood of Santa Monica, CA from $1,591 (39 Rentals)

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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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Belmar Apartments
Studio Apartments

Belmar Apartments

1725 Ocean AveSanta Monica, CA 90401
  • Utilities Included
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1015 2nd Street
Studio Apartments

1015 2nd Street

1015 2nd StSanta Monica, CA 90403
Student Housing
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Lincoln SM
Studio Apartments

Lincoln SM

829-829 Broadway StSanta Monica, CA 90401

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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1218 6th St
Studio Apartments

1218 6th St

1218 6th StSanta Monica, CA 90401
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1518 10th St
Studio Apartments

1518 10th St

1518 10th 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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Bay on 6th
Studio Apartments

Bay on 6th

1920 6th AveSanta Monica, CA 90405
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1231 5th St
Studio Apartments

1231 5th St

1231 5th StSanta Monica, CA 90401
  • Utilities Included
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Genoa Apartments
Studio Apartments

Genoa Apartments

1418 7th StSanta Monica, CA 90401
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1537 7th
Studio Apartments

1537 7th

1537 7th StSanta Monica, CA 90401
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1901 6th St.
Studio Apartments

1901 6th St.

1901 6th StSanta Monica, CA 90405
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Lincoln/Broadway
Studio Apartments

Lincoln/Broadway

1650 Lincoln BlvdSanta Monica, CA 90404
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1430 Lincoln
Studio Apartments

1430 Lincoln

1430 Lincoln BlvdSanta Monica, CA 90401
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PR SM Anacapa LLC
Studio Apartments

PR SM Anacapa LLC

1531 6th StSanta Monica, CA 90401
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Sea Castle
Studio Apartments

Sea Castle

1725 Ocean Front WalkSanta Monica, CA 90401
Corporate Housing

The Art of the Rental Viewing: What to look for during a property tour

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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501 Broadway
Studio Apartments

501 Broadway

501 BroadwaySanta Monica, CA 90401
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The Alon SM
Studio Apartments

The Alon SM

1235 5th StSanta Monica, CA 90401
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1647 Ocean Front Walk
Studio Apartments

1647 Ocean Front Walk

1647 Ocean Front WalkSanta Monica, CA 90401
  • Utilities Included
Showing Results 1-39, Page 1 of 1

Downtown Santa Monica, Santa Monica, CA Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Pet Friendly Lifestyle
Downtown Santa Monica, Santa Monica, CA

Ranked #4

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 $2,406.

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

The cheapest apartment in Downtown Santa Monica is 1117 3rd St which is listed at $1,591, while the average apartment in Downtown Santa Monica costs $5,269.

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 18 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 $2,015 which is $3,254 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.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Los Angeles, CA

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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

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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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Articles, How-To's, and Tips

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.