
Cheap Homes for Rent in Downtown Santa Monica Neighborhood of Santa Monica, CA from $2,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Santa Monica area of Santa Monica.


1543 11th St
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.

1433 9th St, Unit F

2311 4th St
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.
Downtown Santa Monica, Santa Monica, CA Local Guide

How much does it cost to rent a home in Downtown Santa Monica?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Santa Monica 2 Bedroom Homes for Rent | $6,216 | $4,150 | $8,000 |
| Downtown Santa Monica 3 Bedroom Homes for Rent | $29,000 | $10,000 | $10,000+ |
| Downtown Santa Monica 4 Bedroom Homes for Rent | $22,665 | $5,495 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Santa Monica Neighborhood of Santa Monica, CA.
Explore Santa Monica
Downtown Santa Monica, Santa Monica, CA Local Guide
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Best Value Apartments for Rent in Downtown Santa Monica, CA
As of June 09, 2026 the best value apartment in the Downtown Santa Monica area is the $3.16 price per square foot 1536 11th St Model at 1536 11th St, Unit 1536 in the in the Pico neighborhood starting from $3,795. The second greatest value Downtown Santa Monica apartment is the 2 Bed/2 Bath Penthouse Model at Riva starting at $4,911 with a $4.39 price per square foot in the Wilshire 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. |
|---|---|---|---|
| 1536 11th St, Unit 1536 | 1536 11th St | 2BR,1BA | $3.16 |
| Riva | 2 Bed/2 Bath Penthouse | 2BR,2BA | $4.39 |
| 1534 11th St, Unit 1 | 1534 11th St | 2BR,2BA | $3.05 |
| 1857 7th St | 1 Beds, 1 Baths | 1BR,1BA | $2.75 |
| 1753 9th St | 2+2 | 2BR,2BA | $4.11 |
| Pacific Luxury Investments, LLC | P | 2BR,1BA | $3.86 |
| 1823 7th St | Model | 2BR,1BA | $4.14 |
| 225 Bay St | 1-Bedroom | 1BR,1BA | $4.33 |
| 303 California Ave, 3 blocks to the beach, North of Wilshire! | 1BR/1.0BA | 1BR,1BA | $3.99 |
| 123 California Ave | 0BR/1.0BA | Studio ,1BA | $2.94 |
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.
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.
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 Downtown Santa Monica
What type of rentals are currently available in Downtown Santa Monica?
There are currently 296 Apartments for Rent in Downtown Santa Monica, CA with pricing that ranges from $1,800 to $32,000. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Santa Monica ranging from $2,350 to $45,000.
What is the current price range for Rental Homes in Downtown Santa Monica?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Santa Monica ranges from $2,350 to $45,000 with an average monthly rent of $12,925.
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

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.

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.

More Than Just Hollywood: A Local Experts Deep Dive into LA Living
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Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

The LA Price Check: Separating Cost of Living Myth from Reality
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Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.

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.