Cheap Apartments for Rent in the Downtown Santa Monica Neighborhood of Santa Monica, CA from $500 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Santa Monica area of Santa Monica.

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Belmar Apartments
Studio to 3 Bedroom Apartments

Belmar Apartments

1725 Ocean AveSanta Monica, CA 90401
  • Utilities Included
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Lincoln SM
Studio to 1 Bedroom Apartments

Lincoln SM

829-829 Broadway StSanta Monica, CA 90401
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1517 11th St
Studio Apartments

1517 11th St

1517 11th StSanta Monica, CA 90401
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1218 6th St
Studio Apartments

1218 6th St

1218 6th StSanta Monica, CA 90401
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Ocean Park Apartments
Studio to 2 Bedroom Apartments

Ocean Park Apartments

2427 W 4th StSanta Monica, CA 90405
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1015 2nd Street
Studio to 2 Bedroom Apartments

1015 2nd Street

1015 2nd StSanta Monica, CA 90403

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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Bay on 6th
Studio to 1 Bedroom Apartments

Bay on 6th

1920 6th AveSanta Monica, CA 90405
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7th St.-1843
1 Bedroom Apartments

7th St.-1843

1843 7th StSanta Monica, CA 90401
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12TH ST., 1528
1 Bedroom Apartments

12TH ST., 1528

1528 12th StSanta Monica, CA 90401
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202 Bicknell Ave
1 Bedroom Apartments

202 Bicknell Ave

202 Bicknell AveSanta Monica, CA 90405
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1661 Appian Way
Studio Apartments

1661 Appian Way

1661 Appian WaySanta Monica, CA 90401
  • Utilities Included

Downtown Santa Monica, Santa Monica, CA Local Guide

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 Studio unit found at Bay on 6th priced from $2,099. 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 ListingModel NameBed/BathPriced From
Bay on 6thStudioStudio,1BA$2,099
Silvercrest Senior Residence1 Bed1BR,1BA$2,100
Criterion PromenadeStudio AStudio,1BA$2,195
1537 on 7thStudioStudio,1BA$2,427
Living at Santa MonicaStudioStudio,1BA$2,432

Best Value Apartments for Rent in Downtown Santa Monica, CA

As of March 31, 2025 the best value apartment in the Downtown Santa Monica area is the $3.47 price per square foot 4BR/3.5BA Model at 1753 9th St in the in the Pico neighborhood starting from $5,553. The second greatest value Downtown Santa Monica apartment is the 2X2 Renovated Model at Casa Grande Apartments starting at $3,395 with a $3.40 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1753 9th St4BR/3.5BA4BR,3.5BA$3.47
Casa Grande Apartments2X2 Renovated2BR,2BA$3.40
1754 9th St, Unit D1754 9th St2BR,2BA$4.11
525 | SMB1 bed 1 bath1BR,1BA$4.02
Pacific Apartments2 bed / 1 bath2BR,1BA$3.99
Santa Monica Mariner Village1 Bed 1 Bath1BR,1BA$3.98
1015 2nd Street2BR/2.0BA2BR,2BA$4.14
2322 5th St1Bed/1Bath1BR,1BA$3.98
303 California Ave, 3 blocks to the beach1BR/1.0BA1BR,1BA$4.33
300 California Ave, North of Wilshire1BR/1.0BA1BR,1BA$4.16

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Pet Friendly Lifestyle
Downtown Santa Monica, Santa Monica, CA

Ranked #4

Among neighborhoods in Santa Monica, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

Frequently Asked Questions about Cheap Downtown Santa Monica Apartments

What is the Cheapest Studio apartment in Downtown Santa Monica?

Currently the most affordable Cheap Studio Apartment in Downtown Santa Monica is at Bay on 6th listed at $2,099.

How much is rent for a Cheap One Bedroom Downtown Santa Monica Apartment?

The lowest price for a Cheap One Bedroom Downtown Santa Monica Apartment is $2,100 at Silvercrest Senior Residence.

What is the lowest price for a Cheap Two Bedroom Downtown Santa Monica Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Santa Monica is starting from $3,198 at 1015 2nd Street.

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.

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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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.