Is Santa Monica rent expensive?

According to new research, Santa Monica might be the single most expensive place to rent an apartment in the whole country. The data, published by Apartment Guide, claims that the average rent in Santa Monica is a fairly-astronomical $4,799.20. That edges out $4,562.72 for New York City.

Are rents going down in Santa Monica?

Rents have grown far slower in Santa Monica, which has seen a 9.4 percent rent growth over the past year, compared to a 16.3 percent rent growth for California as a whole. Since the start of the pandemic in March 2020, rents in Santa Monica are down 8.4 percent.

Is Santa Monica a good place to live?

Santa Monica is one of the best suburbs of Los Angeles, an affluent and highly desirable city. Thus, living in Santa Monica is not cheap; home prices are well above the Los Angeles County average.

How many people rent in Santa Monica?

26,422 or 58% of the households in Santa Monica, CA are renter-occupied while 18,887 or 41% are owner-occupied.

Is Santa Monica more expensive than Venice?

Eating, shopping and staying in Santa Monica is more expensive. The prices in Venice beach are comparatively lower. Santa Monica beach does not have a boardwalk. Venice beach has a boardwalk.

Is Santa Monica a rich area?

The per capita income in Santa Monica in 2018 was $77,137, which is wealthy relative to California and the nation. This equates to an annual income of $308,548 for a family of four. However, Santa Monica contains both very wealthy and poor people as well. Santa Monica is an extremely ethnically-diverse city.

How much does it cost to rent an apartment in Santa Monica?

Convenient to I-10, I-405, the Pacific Coast Highway, and LAX, getting around from Santa Monica is simple. As of January 2022, the average apartment rent in Santa Monica, CA is $2,405 for a studio, $2,856 for one bedroom, $3,661 for two bedrooms, and $4,224 for three bedrooms. Apartment rent in Santa Monica has increased by 5.6% in the past year.

Santa Monica is conveniently located right in between the iconic Venice Beach and the glamourous white sand beaches of Malibu, drawing millions of visitors every year. With Santa Monica’s laidback vibe and plentiful amenities, it’s easy to see why renters are looking for apartments and condos in the area.

Where is Santa Monica California?

Just 15 miles west of Los Angeles, Santa Monica is a beachfront city with an enviable climate and location. Santa Monica is conveniently located right in between the iconic Venice Beach and the glamourous white sand beaches of Malibu, drawing millions of visitors every year.

What is there to do in Santa Monica Beach?

The Annenberg Community Beach House is an historic mansion turned recreation center offering fitness classes, a pool, and more. The Famous Santa Monica Pier houses an amusement park, an aquarium, an arcade, eateries, and much more. Right next to the pier is the original Muscle Beach, a gymnastics and fitness site created in 1934.