
Cheap Apartments for Rent in the Pico Neighborhood of Santa Monica, CA from $1,500 (139 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pico area of Santa Monica.


1434 Santa Monica Blvd

1444 15th St

1517 11th St

1731 Pico Blvd

Total Monthly Price
2418 32nd St, Unit GH

2001 - 2029 Olympic

1234 12th St, Unit 5

Total Monthly Price
2520 21st St, Unit B

2122 Ocean Park Blvd
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.

Monroe Manor

Santa Monica Palms

La Traviata

2032-2106 Delaware Ave

1534 11th St

1418 12th St

Total Monthly Price
1337 23rd St, Unit E

2702 Broadway, Unit 2702 Broadway, Apt B

Total Monthly Price
933 18th St, Unit C

933 18th St
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.

2301 Oak St

Bixby

17th Street Villas

2308 Schader Dr, Unit 204

1247 22nd St

Total Monthly Price
2430 20th St, Unit C

17th Street Santa Monica

2023 Cloverfield Blvd, Unit F

Total Monthly Price
Living at Santa Monica
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.

1625 Franklin St

Total Monthly Price
Junction Santa Monica

1347 23rd St

Courtyard building on Ocean Park

2220 Ocean Park Blvd

Total Monthly Price
1248 Princeton St, Unit C

2317 Ocean Park Blvd

1314 10th St

1236 23rd St

1440 23rd St, Unit 101
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.

1996 Virginia Ave

1837-1839 Euclid St

Ten Ten Apartments

Ocean Park Boulevard

1522 N Harvard St

1124 12th St

Yale Apartments

1748 18th St

2535 Kansas Ave

1307 15th St
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.
Pico, Santa Monica, CA Local Guide

How much does it cost to rent an apartment in Pico?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pico Studio Apartments | $2,894 | $1,695 | $4,880 |
| Pico 1 Bedroom Apartments | $3,141 | $1,995 | $6,945 |
| Pico 2 Bedroom Apartments | $4,686 | $2,695 | $9,705 |
| Pico 3 Bedroom Apartments | $6,644 | $1,600 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 139 rentals with your search options within a 2 mile radius of the Pico Neighborhood of Santa Monica, CA.
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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 1434 Santa Monica Blvd priced from $1,650. 1517 11th St has the second lowest priced unit, which is a Studio apartment currently listed from $1,800. Here are the most affordable Pico apartments for rent in Los Angeles, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1434 Santa Monica Blvd | Studio | Studio,1BA | $1,650 |
| 1517 11th St | Studio | Studio,1BA | $1,800 |
| 1560 S Centinela Ave | 111 | Studio,1BA | $1,850 |
| 1731 Pico Blvd | Upper Studio | Studio,1BA | $1,895 |
| 2001 - 2029 Olympic | Studio Flat | Studio,1BA | $1,910 |
| Santa Monica Palms | 1 bed remodel | 1BR,1BA | $2,125 |
| La Traviata | 1x1 | 1BR,1BA | $2,150 |
Best Value Apartments for Rent in Pico, CA
As of April 01, 2026 the best value apartment in the Pico area is the $1.28 price per square foot 1909 22nd St Model at 1909 22nd St, Unit 3 in the in the Pico neighborhood starting from $1,600. The second greatest value Pico apartment is the 1BR/1.0BA Model at 1848 12th St starting at $2,295 with a $2.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1909 22nd St, Unit 3 | 1909 22nd St | 3BR,2BA | $1.28 |
| 1848 12th St | 1BR/1.0BA | 1BR,1BA | $2.00 |
| 1337 19th St | 2 Bed 1 Bath | 2BR,1BA | $2.72 |
| 1913 11th St | 2+2 | 2BR,2BA | $2.72 |
| Euclid St Apartments | 3x2R | 3BR,2BA | $3.36 |
| 1129-1131 23rd St Apartments | E | 2BR,2BA | $3.27 |
| 1230 25th St, Unit #1 | 1230 25th St | 2BR,2BA | $3.31 |
| 1212 Michigan Ave, Unit A | 1212 Michigan Ave | 2BR,1BA | $2.74 |
| 1823 19th St, Unit 3 | 1823 19th St | 2BR,2BA | $3.33 |
| 2430 20th St, Unit C | 2430 20th St | 1BR,1BA | $3.12 |
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 $2,150.
What is the price of a cheap apartment in Pico?
The cheapest apartment in Pico is Santa Monica Palms which is listed at $2,125, while the average apartment in Pico costs $5,389.
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 63 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 $314 which is $5,075 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

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
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.

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

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.

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.

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.

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.
