$4,975 Per Month
- 3 Beds
- 2 Baths
- 1,250 Sq Ft
- Condo for Rent
1114 12th St Unit 103, Santa Monica, CA 90403
1114 12th St Unit 103, Santa Monica, CA 90403
Frequently Asked Questions
How much does it cost to rent a condo in Santa Monica, CA?
The median rent for a condo in Santa Monica, CA is $4,380 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Santa Monica, CA?
To comfortably afford the median rent in Santa Monica, CA, a household needs to earn roughly $185,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,625 per month in Santa Monica, CA, renters typically need to show $13,875 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Santa Monica, CA?
In Santa Monica, CA, the price-to-rent ratio is 34.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Santa Monica, CA are best for renting a condo?
The best neighborhood for renting in Santa Monica, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Pico, Mid-City Santa Monica, Wilshire Montana, Downtown Santa Monica and Sunset Park, each with its own character and price range.
