Cheap Homes for Rent in Downtown Santa Monica Neighborhood of Santa Monica, CA from $1,600 (11 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 1538 11th St

1538 11th St

Santa MonicaCA90401

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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 Criterion Promenade priced from $2,095. Silvercrest Senior Residence has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here are the most affordable Downtown Santa Monica apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Criterion PromenadeStudio AStudio,1BA$2,095
Silvercrest Senior Residence1 Bed1BR,1BA$2,100
1517 11th St1 Bed 1 Bath1BR,1BA$2,250
1047 2nd St.1BR/1.0BA1BR,1BA$2,350
Bay on 6thStudioStudio,1BA$2,389

Best Value Apartments for Rent in Downtown Santa Monica, CA

As of July 01, 2025 the best value apartment in the Downtown Santa Monica area is the $3.75 price per square foot 3+1.5 Model at Casa Grande Apartments in the in the Pico neighborhood starting from $4,500. The second greatest value Downtown Santa Monica apartment is the 1536 11th St Model at 1536 11th St, Unit B starting at $4,695 with a $3.91 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.
Casa Grande Apartments3+1.53BR,2.5BA$3.75
1536 11th St, Unit B1536 11th St2BR,2BA$3.91
Mayfair Residences at Santa Monica BeachPlan G2BR,2BA$3.90
Arrive Seaside IISeaside II - B102BR,2BA$4.39
525 | SMB1 bed 1 bath1BR,1BA$4.02
Santa Monica Mariner Village1 Bed 1 Bath1BR,1BA$4.28
Pacific Apartments2 bed / 1 bath2BR,1BA$4.39
325 Bay St.1 Bed/1Ba1BR,1BA$4.18
1047 2nd St.1BR/1.0BA1BR,1BA$3.92
1517 11th St1 Bed 1 Bath1BR,1BA$3.75

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Frequently Asked Questions about Downtown Santa Monica

What type of rentals are currently available in Downtown Santa Monica?

There are currently 286 Apartments for Rent in Downtown Santa Monica, CA with pricing that ranges from $2,100 to $16,510. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Santa Monica ranging from $1,600 to $47,500.

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 $1,600 to $47,500 with an average monthly rent of $21,113.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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