Santa Monica ranks as the second most expensive city for renters in the Los Angeles metro area, with one-bedroom apartments commanding a median rent of $2,950 per month, according to a new report released Thursday.

The findings come amid a broader housing affordability crisis that has seen median home sales prices nationwide surge from $313,000 in the first quarter of 2019 to $416,900 in the first quarter of 2025.

Read More: https://smdp.com/business/real-estate-housing/housing-affordability-crisis-deepens-in-santa-monica/