Apartments in Pico Santa Monica

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1
$2,695
12760 Caswell Ave Los Angeles, CA
1 BR | Dec. 31, 2024
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Cat Friendly
Disability Access
Culver West
31
$2,445
079
1641 Veteran Ave Los Angeles, CA
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
1
$2,679
3974 Moore St Los Angeles, CA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
8
$1,995 - 2,844
1629 Veteran Ave Los Angeles, CA
Studio | Available Now
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1
$3,320
1621 Veteran Ave Los Angeles, CA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
13
$1,850
Culver City, CA
Studio | Available Now
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Disability Access
Culver West
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Santa Monica:
December Rent Report

Welcome to the December 2024 Santa Monica Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Santa Monica rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Santa Monica and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Santa Monica average rent prices in the chart below.

Monthly Rent Report

$4,350
$3,260
$2,180
$1,090
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Santa Monica Rent Prices Increase From November to December

Santa Monica rent prices increased over the last month. From November to December, the city experienced a 0.18% increase for the price of a one-bedroom apartment. The rent price for a Santa Monica one-bedroom apartments currently stands at $2,850.0.

When we take a look at the two-bedroom comparison from November to December, Santa Monica experienced a -2.36% decrease for the price of a two-bedroom apartment. The rent price for a Santa Monica two-bedroom apartments currently stands at $3,977.0.

December Prices: Santa Monica vs. Surrounding Areas

Rent Prices in Santa Monica and Surrounding Areas

Rent prices have increased in Santa Monica over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Santa Monica suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Santa Monica suburbs

  • Rents did not decrease in any of the Santa Monica suburbs.

December 2024 Pricing Trends: Santa Monica vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Santa Monica Rent Prices More Affordable Than Major Cities

Rent growth in Santa Monica over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Santa Monica average rent prices appear to be relatively affordable for local residents.

The price for a Santa Monica one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Santa Monica and surrounding area rent prices, take a look at the complete data set below.

Data set for Santa Monica and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.