Rental market snapshot for Santa Monica, California

Santa Monica, California Rental Property Market Overview

Santa Monica, California is a vibrant coastal city located in Los Angeles County. With a population of 91,105 as of 2021 according to the US Census, Santa Monica is a popular destination for tourists and locals alike. The city is known for its beautiful beaches, iconic pier, and diverse shopping and dining options. Santa Monica is also home to a variety of cultural attractions, including the Santa Monica Museum of Art and the Santa Monica Playhouse. With its stunning views, vibrant culture, and endless activities, Santa Monica is a great place to live and visit.

The average rent for an apartment in Santa Monica is $4,575. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Santa Monica California | Cost of Living

  • The most expensive ZIP code in Santa Monica is 90402 with an average price of $8,524.
  • The cheapest ZIP code in Santa Monica is 90404 with an average price of $4,055.

Santa Monica ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
190402$8,524
290401$4,799
390405$4,500
490403$4,440
590404$4,055

Live near Santa Monica, California's Top Sights and Attractions

Santa Monica State Beach is a beautiful beach located on the Pacific Coast of California. It is a popular destination for swimming, sunbathing, surfing, and other beach activities. The beach is lined with a wide, sandy shore and is backed by a long, wooden pier. There are also several restaurants and shops located along the beachfront. The beach is also home to a variety of wildlife, including dolphins, sea lions, and seabirds.

North Beach Playground is a beachfront park located on the Santa Monica shoreline. It features a large playground area with swings, slides, and climbing structures, as well as a sand volleyball court, a basketball court, and a picnic area. The park also offers stunning views of the Pacific Ocean, making it a great spot for a family outing.

Palisades Beach is a stunning stretch of coastline located in Southern California. It features a wide, sandy beach with crystal-clear waters and stunning views of the Pacific Ocean. The beach is popular for swimming, sunbathing, and surfing, and is also a great spot for beach volleyball and other beach activities. The area is also home to a variety of restaurants, shops, and other attractions, making it a great place to spend the day.

Goose Egg Park is a beautiful outdoor space located near the beach in Southern California. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground and a basketball court. There are also plenty of trees and shrubs to provide shade and a peaceful atmosphere. Visitors can also enjoy the stunning views of the ocean and the nearby pier.

Memorial Park is a beautiful green space located in Santa Monica, California. It features a large grassy area, perfect for picnicking, sunbathing, or playing sports. There are also several walking paths and a playground for children. The park also has a memorial dedicated to those who served in the military, and a large pond with ducks and other wildlife. On the weekends, the park often hosts outdoor concerts and festivals.

Route 66 is a famous stretch of road that runs through Santa Monica, California. It is a popular tourist destination, offering a variety of attractions, including shops, restaurants, and entertainment venues. Visitors can explore the iconic Santa Monica Pier, take a stroll along the beach, or take a ride on the Ferris wheel. There are also plenty of opportunities to take in the sights and sounds of the city, with plenty of street performers, art galleries, and museums.

The Statue of Santa Monica is a large bronze sculpture of a female figure standing atop a tall column. The figure is dressed in a flowing robe and holds a trident in her right hand. She is said to represent the spirit of Santa Monica and is a symbol of the city's strength and beauty. The statue stands at the entrance of Santa Monica Pier, overlooking the Pacific Ocean. It is a popular spot for tourists and locals alike, and is a great place to take pictures and enjoy the views.

Christine Emerson Reed Park is a beautiful green space located in a beachside community. It features lush lawns, mature trees, and a variety of recreational activities. Visitors can enjoy a game of basketball or volleyball, take a leisurely stroll along the winding pathways, or relax in the shade of the trees. The park also has a playground, picnic area, and a large pond with ducks and other wildlife. With its stunning views of the ocean, it's a great place to spend a sunny day.

Civic Center Parking is a large, multi-level parking structure located in the heart of a bustling beachside city. It offers convenient access to the city's many attractions, including the beach, pier, and a variety of shops and restaurants. The structure is well-lit and monitored for safety, and offers a variety of payment options to make parking easy and affordable.

Virginia Ave Park is a large, lush green space located in the heart of Santa Monica. It features a variety of amenities, including a playground, basketball court, picnic area, and a large grassy field. There are also several walking paths and benches throughout the park, making it a great place to take a leisurely stroll or just relax and enjoy the scenery. The park is also home to a variety of wildlife, including ducks, geese, and other birds.

Santa Monica, California area median rent change by ZIP code map

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How does Santa Monica compare to other cities in California?

citymedian price
Solana Beach$5,300
Mill Valley$4,060
Dana Point$3,781
Aliso Viejo$3,279
La Crescenta-Montrose$3,250
Bell$2,926
Pico Rivera$2,453

Average household income in Santa Monica area graph - US Census

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The median household income in Santa Monica in 2021 was $99,847. This represents a 38.2% change from 2011 when the median was $72,271.

#categorypercent
0Less than $10,0006.7%
1$10,000 to $14,9994.1%
2$15,000 to $19,9993.6%
3$20,000 to $24,9993.0%
4$25,000 to $29,9992.5%
5$30,000 to $34,9993.5%
6$35,000 to $39,9992.7%
7$40,000 to $44,9992.2%
8$45,000 to $49,9991.9%
9$50,000 to $59,9994.0%
10$60,000 to $74,9996.2%
11$75,000 to $99,99910.4%
12$100,000 to $124,9998.8%
13$125,000 to $149,9997.1%
14$150,000 to $199,99911.8%
15$200,000 or more21.5%

Neighborhoods in Santa Monica

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Santa Monica is $4,575.
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