February 27, 2017 -- In Santa Monica, the glittering waves of the Pacific beckon, the beach sand in warm and inviting, palm trees sway in a gentle breeze and the sun (almost) always shines. But don’t expect much if you want to rent an apartment there.

A new analysis by a company that tracks costs and trends nationwide for residential rentals looked at what $1,500 a month for rent buys prospective tenants these days.

The answer in Santa Monica’s case is 360 square feet, or $4.18 per square foot, according to statistics from apartmentlist.com.

San Francisco and New York City were, as usual, home to the nation’s most expensive rents, and, in this case, for the least amount of space.

But Santa Monica was closing in.

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2018/February-2018/02_27_2018_Cost_Per_Square_Foot_in_Santa_Monica_Rivals_Wealthiest_Cities_in_U.S..html