Cheap Apartments for Rent in the Pico Neighborhood of Santa Monica, CA from $1,300 (77 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1111 12th St

$1,960 - $2,800

Studio To 1 Bedroom Rentals

Available Now

1111 12th St

Santa MonicaCA90403

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.

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.

close
View Me
1837-1839 Euclid St
Studio to 2 Bedroom Apartments

1837-1839 Euclid St

1837-1839 Euclid StSanta Monica, CA 90404
close
View Me
1522 N Harvard St
Studio to 2 Bedroom Apartments

1522 N Harvard St

1522 N Harvard StSanta Monica, CA 90404
  • Utilities Included
close
View Me
1412 W. 17th St
Studio to 2 Bedroom Apartments

1412 W. 17th St

1412 17th StSanta Monica, CA 90404
close
View Me
1124 12th St
1 to 3 Bedroom Apartments

1124 12th St

1124 12th StSanta Monica, CA 90403
close
View Me
Yale Apartments
Studio to 2 Bedroom Apartments

Yale Apartments

1328 Yale StSanta Monica, CA 90404
close
View Me
1748 18th St
1 Bedroom Apartments

1748 18th St

1748 18th StSanta Monica, CA 90404

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.

close
View Me
2535 Kansas Ave
Studio to 2 Bedroom Apartments

2535 Kansas Ave

2535 Kansas AveSanta Monica, CA 90404
  • Utilities Included
close
View Me
1307 15th St
Studio to 2 Bedroom Apartments

1307 15th St

1307 15th StSanta Monica, CA 90404
close
View Me
1001 19th St
1 Bedroom Apartments

1001 19th St

1001 19th StSanta Monica, CA 90403
  • Smoke Free
close
View Me
1025 19th St
1 Bedroom Apartments

1025 19th St

1025 19th StSanta Monica, CA 90403
close
View Me
2302 32nd St
1 to 2 Bedroom Apartments

2302 32nd St

2302 32nd StSanta Monica, CA 90405
close
View Me
Lincoln SM
Studio to 2 Bedroom Apartments

Lincoln SM

829-829 Broadway StSanta Monica, CA 90401
close
View Me
Olympic Studios
Studio Apartments

Olympic Studios

2029 Olympic BlvdSanta Monica, CA 90404
close
View Me
1517 18th Street
Studio to 1 Bedroom Apartments

1517 18th Street

1517 18th StSanta Monica, CA 90404
  • Utilities Included
close
View Me
1243 12th St
1 Bedroom Apartments

1243 12th St

1243 12th StSanta Monica, CA 90404
close
View Me
1417 11th St
1 Bedroom Apartments

1417 11th St

1417 11th StSanta Monica, CA 90401
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

close
View Me
1233 14th St
1 to 2 Bedroom Apartments

1233 14th St

1233 14th StSanta Monica, CA 90404
  • Utilities Included
close
View Me
2403 Centinela Ave
Studio to 2 Bedroom Apartments

2403 Centinela Ave

2403-2405 Centinela AveSanta Monica, CA 90405
  • Utilities Included
close
View Me
1827 Euclid St
1 Bedroom Apartments

1827 Euclid St

1827 Euclid StSanta Monica, CA 90404
close
View Me
12TH ST., 1528
1 Bedroom Apartments

12TH ST., 1528

1528 12th StSanta Monica, CA 90401
close
View Me
2346 20th St
1 Bedroom Apartments

2346 20th St

2346 20th StSanta Monica, CA 90405
close
View Me
1831 Pearl St
1 Bedroom Apartments

1831 Pearl St

1831 Pearl StSanta Monica, CA 90405
close
View Me
7th St.-1843
1 Bedroom Apartments

7th St.-1843

1843 7th StSanta Monica, CA 90401
  • Utilities Included
close
View Me
2342 20th St
1 to 2 Bedroom Apartments

2342 20th St

2342 20th StSanta Monica, CA 90405
close
View Me
HARV1432
Studio to 2 Bedroom Apartments

HARV1432

1432 Harvard StSanta Monica, CA 90404
close
View Me
1257 9th St
Studio to 2 Bedroom Apartments

1257 9th St

1257 9th StSanta Monica, CA 90401
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Cheapest Available Pico Apartments for Rent

 

The cheapest available apartment rental in the Pico area of Los Angeles, CA is a Studio unit found at Ocean Park Boulevard priced from $1,595. 1434 Santa Monica Blvd has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here are the most affordable Pico apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Ocean Park BoulevardEfficiencyStudio,1BA$1,595
1434 Santa Monica BlvdStudioStudio,1BA$1,650
1731 Pico BlvdUpper StudioStudio,1BA$1,695
2001 - 2029 OlympicStudio LoftStudio,1BA$1,995
Wellesley Manor121BR,1BA$2,100
1418 12th StStudioStudio,1BA$2,195
2610-2612 Santa Monica Blvd#11BR,1BA$2,200

Best Value Apartments for Rent in Pico, CA

As of December 29, 2025 the best value apartment in the Pico area is the $2.75 price per square foot 1033 Euclid St Model at 1033 Euclid St, Unit 7 in the in the Pico neighborhood starting from $3,300. The second greatest value Pico apartment is the 1802 Oak St Model at 1802 Oak St, Unit 3 starting at $2,850 with a $2.59 price per square foot in the Pico neighborhood. Here is today’s list of the best values for Pico apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1033 Euclid St, Unit 71033 Euclid St2BR,2BA$2.75
1802 Oak St, Unit 31802 Oak St2BR,1BA$2.59
1511 Yale St, Unit E1511 Yale St2BR,1.5BA$2.90
1245 10th StreetTwo Bed2BR,1BA$3.40
1957 Frank St / 2519 Virginia Ave2BR/1.0BA2BR,1BA$2.78
1913 11th St - TWO bedrooms AVAILABALE !2+22BR,2BA$3.06
1121 26th St, Unit 11121 26th St2BR,1BA$3.44
2021 Ocean Park Blvd, Unit Front Unit2021 Ocean Park Blvd2BR,1BA$3.33
1617 California Ave, Unit 11617 California Ave1BR,1BA$3.38
2866 Exposition Blvd, Unit A2866 Exposition Blvd1BR,1BA$3.46

Frequently Asked Questions about Cheap Pico Apartments

What is a cheap apartment in Pico?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pico is under $2,200.

What is the price of a cheap apartment in Pico?

The cheapest apartment in Pico is Wellesley Manor which is listed at $2,100, while the average apartment in Pico costs $5,590.

What types of apartments are the cheapest in Pico?

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 Pico 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 Pico?

Cheap apartments in Pico have an average cost of $207 which is $5,383 cheaper than the average rent for all rentals in Pico.

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

decorative image for The 10 Best Affordable Neighborhoods in Los Angeles, CA article

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.

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

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

Written by: Rachel Presser

When most people think of collegiate destination cities, Boston and New York often come to mind in addition to smaller college towns.

decorative image for More Than Just Hollywood: A Local Experts Deep Dive into LA Living article

More Than Just Hollywood: A Local Experts Deep Dive into LA Living

Written by: Rachel Presser

Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

Articles, How-To's, and Tips

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!