August 2, 2025 Breaking News, Latest News, and Videos

Santa Monica Rents Top Most Expensive List:

Santa Monica is one of the most expensive places to rent in California according to new statistics released this week.

A survey of several hundred thousand monthly listings on website apartmentlist.com saw Santa Monica close behind San Francisco, with the average 2-bedroom listing price at $4,370.

“Santa Monica has some of the highest rents in California, with the median 2 bedroom apartment rent coming in at $4,370 – just a bit behind San Francisco, which has the highest rents in the nation,” explained Andrew Woo from apartmentlist. “Santa Monica rents are also rising more quickly than the rest of SoCal – 8.9 percent YoY compared to 6.7 percent in Los Angeles and 6.4 percent in San Diego,” Woo said.

The short answer as to why this is, according to Woo, is simply that Santa Monica is a desirable location with limited supply.

“As more renters move into the area and there’s not enough new rental housing built to accommodate that new demand, rents are driven up. Rent increases will eventually start to taper off, as renters begin to “spill over” to nearby locations, but it seems like Santa Monica rents could continue to increase a bit more before that happens,” he said.

California rent growth also outpaced the rest of the nation every month for the last year. California rents are growing nearly twice as quickly as the national average, according to the report. Rents have increased 5.7 percent over the last year compared to 3.3 percent nationwide, based on 2-bedroom units.

The report also found that recent months have seen a levelling.

“Overall, we’re starting to see rent growth slow down nationwide, and the same is true in California and SoCal as well,” Woo explained. “Santa Monica appears to be the exception to this, however, as rents are continuing to increase rapidly month over month.”

Methodology

Apartment List RPM data is drawn from several hundred thousand monthly listings on our site. All average prices are calculated as the median for the specified size and time period. For top city rankings, we calculated median 1-bedroom and 2-bedroom rents in 100 top cities and then ranked them by 2-bedroom rents. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, and averages are not value weighted.

“Our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home.”

in News
<>Related Posts

Heidi Klum’s Tropical Erewhon Smoothie Drops Just in Time for Summer

August 2, 2025

August 2, 2025

Supermodel’s Limited-Edition Drink Blends Kiwi, Coconut, and Matcha Erewhon has debuted its newest celebrity smoothie collaboration, this time with supermodel...

California Bolsters Firefighting Fleet Amid Federal Cuts

August 2, 2025

August 2, 2025

The transition, which began in 2020, equips the fleet with advanced technology, including a 1,000-gallon water capacity—nearly triple that of...

Big Blue Bus to Restore Service on Route to Palisades

August 2, 2025

August 2, 2025

The restoration is part of a broader summer service overhaul aimed at improving coverage across the Westside The Big Blue...

Fatal Crash Claims 9-Year-Old’s Life in Los Angeles

August 1, 2025

August 1, 2025

The driver of the vehicle remained at the scene and was arrested for driving under the influence A tragic traffic...

Malibu Hires New City Manager: Ronda Perez to Lead as City Eyes Recovery and Rebuilding

August 1, 2025

August 1, 2025

Veteran Public Administrator Ronda Perez Brings Nearly 20 Years of Experience to Malibu The Malibu City Council has voted unanimously...

Santa Monica Creates Film Office to Streamline Permitting and Production Services

August 1, 2025

August 1, 2025

New Agency Will Take Over From FilmLA After More Than a Decade Beginning September 1, 2025, film permit coordination in...

Santa Monica Pier Launches “PIERfect Benefit” Fundraiser Amid Recovery Efforts

August 1, 2025

August 1, 2025

The gathering will feature food, signature cocktails, live entertainment, and a program reflecting the Pier’s history and future. Proceeds will...

THIS WEEKEND: 49th Annual Festival of the Chariots to Roll Through Santa Monica and Venice

August 1, 2025

August 1, 2025

The festival site at Ocean Front Walk Plaza will transform into a lively showcase of Indian culture, expecting around 50,000...

Film Review: The Fantastic Four: First Steps

August 1, 2025

August 1, 2025

FILM REVIEWTHE FANTASTIC FOUR: FIRST STEPSRated PG-13115 MinutesReleased July 25th  The Fantastic Four: First Steps has a different aura from...

Aging Mindfully: Zen-Inspired Senior Living Takes Shape in Simi Valley

July 31, 2025

July 31, 2025

Two Zen-inspired senior living communities are embracing the reality of aging — consciously. Ensō Village, open since 2023 in Sonoma County,...

Palisades, Malibu Among Areas Exempt from SB 9 Under Newsom’s Wildfire Safety Order

July 31, 2025

July 31, 2025

Newsom Sides with LA Leaders on SB 9 Freeze, Mayor Bass Issues Executive Order Gov. Gavin Newsom on Wednesday signed...

‘All Stars’ National Night Out Coming to Santa Monica on Tuesday

July 31, 2025

July 31, 2025

The event, themed “Santa Monica All Stars,” aims to foster police-community partnerships through a sports-inspired evening The Santa Monica Police...

City of Santa Monica Issues Statement on Surprise DTSM Board Member Replacement

July 30, 2025

July 30, 2025

Santa Monica City Government Defends Emergency Action and Process After the surprising move from the City Council, six members of...

Texas Kitchen Chain to Open Santa Monica Location at Former Fresh Corn Grill Site

July 30, 2025

July 30, 2025

The Santa Monica outpost will occupy a 3,050-square-foot space featuring a newly built kitchen and a large outdoor patio HomeState,...

Film Review: Together

July 30, 2025

July 30, 2025

By Dolores Quintana Dave Franco and Alison Brie, a married couple in real life, star in Michael Shanks’ gruesomely passionate...