City Report · CA

Santa Monica

Pop. 91,169·68th most expensive in California·One of the pricier rental markets in the US
Median rent (all units)
$3,596/mo
Year-over-Year
+2.4%
Month-over-Month
-0.3%
vs US Median
+$1,645
Stable (Monthly)
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Most AffordableMost Expensive
Santa Monica · $3,596
More expensive than 96% of US cities · National median $1,951/mo
Rent Reality Score
56/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Santa Monica's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$3,596/mo
Expected by trend
$3,713/mo
The Rent Reality Score compares today's median rent to where Santa Monica's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,352
1 BR
$2,638
2 BR
$3,328
3 BR
$4,230
4 BR+
$4,688
Research median
$3,328/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$43,152/yr
At $3,596/mo median
Market timing
Rents stable
Prices holding steady month-over-month.
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Demographics

Who lives here

Santa Monica, CA is majority renter-occupied, has a median income above the national average, 70.7% of residents hold a bachelor's degree or higher.

Population
91,169
Median income
$114,885
Median age
42.7
Renters
72.1%
Age distribution
13.8%
23.9%
28.5%
14.3%
19.5%
Under 1813.8%
18–3423.9%
35–5428.5%
55–6414.3%
65+19.5%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
65.1%
15.3%
White65.1%
Black5.3%
Hispanic15.3%
Asian10.1%
Other4.2%
Education (25+)
16.1%
70.7%
No HS diploma5.2%
HS diploma8%
Some college16.1%
Bachelor's+70.7%
Housing tenure
27.9%
72.1%
Owner27.9%
Renter72.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Santa Monica, CA has changed in 5 years

Rent
$2,891 → $3,596
up 24.4%
Income
$99,847 → $114,885
up 15.1%
Population
92,828 → 91,169
down 1.8%
Renter share
71.5% → 72.1%
+0.6 pts
Bachelor's+
67.8% → 70.7%
+2.9 pts
Median age
41.4 → 42.7
+1.3 yrs

Compared with 2021, rent in Santa Monica, CA has increased by $705 per month, settling near $3,596 after starting the period at $2,891. Household income in the area moved from $99,847 to $114,885 across the same window, up 15.1% versus 2021. Rent outpaced income growth by roughly 9.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 92,828 to 91,169 between 2021 and 2024, a 1.8% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 67.8% to 70.7%. Reading these numbers side by side helps frame whether current listings in Santa Monica, CA look reasonable against where the market sat half a decade ago.

Community

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View Santa Monica rent history (2015–2026) →
Salary vs rent

Can you afford rent in Santa Monica on your salary?

At $3,596/mo, how Santa Monica rent compares to typical pay (30% rule).

By apartment size

Santa Monica rent by bedroom count

Median rent for each apartment size in Santa Monica. Click any size for full breakdown.

Local insights

Tips for renters in Santa Monica

About renting in Santa Monica, CA

Last updated: June 22, 2026

The median rent in Santa Monica is $3,596/mo as of June 2026. A studio apartment averages $2,352/mo while a 2-bedroom runs $3,328/mo. One-bedroom apartments average $2,638/mo and 3-bedroom units go for $4,230/mo.

At 38% of local median household income ($114,885/yr), Santa Monica ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

Is Santa Monica an affordable city for renters?

Santa Monica is considered moderate for renters. At $3,596/mo, rent takes approximately 38% of the local median household income ($114,885/yr). The standard benchmark is 30%. Santa Monica slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Santa Monica?

To keep rent at or below 30% of gross income, you would need to earn at least $144,000/year (~$69/hour full-time) to afford the median rent of $3,596/mo in Santa Monica. The local median household income is $114,885/yr, meaning the typical Santa Monica household falls short of that threshold.

Is rent going up or down in Santa Monica?

Rent in Santa Monica has increased 2.4% over the past year as of June 2026, putting upward pressure on renter budgets.

Which Santa Monica neighborhoods have the lowest rent?

The most affordable ZIP codes in Santa Monica are 90404 ($3,289/mo), 90405 ($3,486/mo), and 90403 ($3,674/mo). Citywide, the median rent in Santa Monica is $3,596/mo.

How does Santa Monica rent compare to other cities in California?

Santa Monica is one of the pricier cities in California for rent, ranking #68 out of 384 tracked cities at $3,596/mo.

Which nearby cities are cheaper to rent in than Santa Monica?

Several nearby cities have lower median rents than Santa Monica ($3,596/mo): El Segundo ($2,823/mo), West Hollywood ($3,160/mo), Culver City ($3,561/mo).

What percentage of Santa Monica residents rent vs. own?

According to Census data, approximately 72.1% of Santa Monica households are renters, while 27.9% are owner-occupied. With a majority renter population, Santa Monica has a strong rental market.

How does Santa Monica rent compare to the national average?

Santa Monica's median rent of $3,596/mo is $1,645 (84%) above the US national median of $1,951/mo. Within California, it ranks #68 out of 384 tracked cities.
Income Affordability
38%
MODERATE

At $3,596/mo, rent takes ~38% of Santa Monica's median household income ($114,885/yr). The standard benchmark is 30%.

Santa Monica 38%Benchmark 30%
State income tax1–13.3%
Run the Santa Monica affordability calculator →
Lowest-rent ZIP codes in Santa Monica
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Santa Monica, CA

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