1117 3rd St
Santa MonicaCA90403
Cheap Apartments for Rent in the Downtown Santa Monica Neighborhood of Santa Monica, CA from $500 (13 Rentals)
Cheap Apartments in the Downtown Santa Monica area of Santa Monica.
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from $2,1001 Bedroom Apartments Available Now
Silvercrest Senior Residence
1530 5th StSanta Monica, CA 90401
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Rent Specials
from $2,195Studio to 1 Bedroom Apartments Available Now
Criterion Promenade
302 Arizona AveSanta Monica, CA 90401
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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.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Los Angeles's Best Affordable Neighborhoods
Learn about Los Angeles and the best places to live with original content written by our Los Angeles, CA Local Expert Rachel Presser
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Downtown Santa Monica, Santa Monica, CA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Santa Monica?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Santa Monica Studio Apartments | $3,306 | $2,195 | $4,830 |
| Downtown Santa Monica 1 Bedroom Apartments | $4,109 | $1,750 | $10,000+ |
| Downtown Santa Monica 2 Bedroom Apartments | $5,912 | $2,995 | $10,000+ |
| Downtown Santa Monica 3 Bedroom Apartments | $5,828 | $4,150 | $8,199 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Santa Monica Neighborhood of Santa Monica, CA.
See all Apartments in Santa MonicaExplore Santa Monica
Downtown Santa Monica, Santa Monica, CA Local Guide
- Nearby Santa Monica neighborhoods
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Cheapest Available Downtown Santa Monica Apartments for Rent
The cheapest available apartment rental in the Downtown Santa Monica area of Los Angeles, CA is a 1 Bed unit found at 1015 2nd Street priced from $1,948. Silvercrest Senior Residence has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here are the most affordable Downtown Santa Monica apartments for rent in Los Angeles, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1015 2nd Street | 1BR/1.0BA | 1BR,1BA | $1,948 |
| Silvercrest Senior Residence | 1 Bed | 1BR,1BA | $2,100 |
| Criterion Promenade | Studio A | Studio,1BA | $2,195 |
| 1517 11th St | 1 Bed 1 Bath | 1BR,1BA | $2,250 |
| 1537 on 7th | Studio | Studio,1BA | $2,427 |
Best Value Apartments for Rent in Downtown Santa Monica, CA
As of May 03, 2025 the best value apartment in the Downtown Santa Monica area is the $3.55 price per square foot 3BR/2.0BA Model at 123 California Ave in the in the Ocean Park neighborhood starting from $4,798. The second greatest value Downtown Santa Monica apartment is the 2X2 Renovated Model at Casa Grande Apartments starting at $2,995 with a $3.00 price per square foot in the Pico neighborhood. Here is today’s list of the best values for Downtown Santa Monica apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 123 California Ave | 3BR/2.0BA | 3BR,2BA | $3.55 |
| Casa Grande Apartments | 2X2 Renovated | 2BR,2BA | $3.00 |
| Riva | Live Work Loft | 1BR,1BA | $4.44 |
| 525 | SMB | 1 bed 1 bath | 1BR,1BA | $4.02 |
| Pacific Apartments | 2 bed / 1 bath | 2BR,1BA | $3.88 |
| Santa Monica Mariner Village | 1 Bed 1 Bath | 1BR,1BA | $3.98 |
| 1830 9th St, Unit NorthSideofDuplex | 1830 9th St | 1BR,1BA | $4.13 |
| 2322 5th St | 1Bed/1Bath | 1BR,1BA | $3.91 |
| 325 Bay St. | 1 Bed/1Ba | 1BR,1BA | $4.23 |
| 1517 11th St | 1 Bed 1 Bath | 1BR,1BA | $3.75 |
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Pet Friendly LifestyleDowntown Santa Monica, Santa Monica, CA
Ranked #2
Among neighborhoods in Santa Monica, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Downtown Santa Monica Neighborhood in Santa Monica, CA
Walk Score®
94 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
87 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
77 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Santa Monica Apartments
What is a cheap apartment in Downtown Santa Monica?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Santa Monica is under $2,600.
What is the price of a cheap apartment in Downtown Santa Monica?
The cheapest apartment in Downtown Santa Monica is 1015 2nd Street which is listed at $1,948, while the average apartment in Downtown Santa Monica costs $6,275.
What types of apartments are the cheapest in Downtown Santa Monica?
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 1 regular apartments in Downtown Santa Monica 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 Downtown Santa Monica?
Cheap apartments in Downtown Santa Monica have an average cost of $436 which is $5,839 cheaper than the average rent for all rentals in Downtown Santa Monica.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.