Apartments for Rent in Ocean Park, Santa Monica, CA

Ocean Park, Santa Monica apartment availability

Ocean Park's rental market offers a strong selection of listings, with an average of 121 rentals available each month in 2024. The neighborhood's inventory is diverse, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments feature desirable amenities, including hardwood floors, outdoor spaces, and dishwashers. With over a third of apartments offering these amenities, renters can find a comfortable and convenient living space in Ocean Park. The neighborhood's proximity to Santa Monica's amenities and attractions makes it a popular choice for renters, accounting for about 12% of the city's total listings.

Ocean Park, Santa Monica rental market trends

The Ocean Park neighborhood in Santa Monica saw a decline in average monthly rent by about 4.4% last year, bringing the average rent for all bed counts and property types to $4,042. 1-bedrooms averaged $3,046 per month, reflecting an annual decrease of 6%. The average rent for a 2-bedroom was around $5,288, while studios averaged $2,384.

The summer months tend to see increased demand and prices in Ocean Park, with August typically having the highest rent, 13.2% higher than February, the month with the lowest rent. If you're searching for a new apartment, February may be a good time to find a relatively affordable option. On the other hand, if you're looking to rent during the peak season, be prepared for higher prices and more competition. Notably, the rent for 3-bedrooms saw a slight increase of 0.7% year-over-year, bucking the overall trend of declining rents in the area.

Why Ocean Park, Santa Monica is a great place to live

Ocean Park is a top choice for renters who prioritize pet friendliness and social living. According to data, apartments in this neighborhood often feature pet-friendly amenities such as outdoor space, pet-safe windows, and no breed restrictions, making it an ideal spot for pet owners. Additionally, Ocean Park's high walk score, safety, and street infrastructure, combined with its proximity to restaurants and transit options, make it an excellent choice for those who value an active social life. With dog parks and pet events in the area, renters can easily meet new people while spending time with their pets. Overall, Ocean Park offers a unique blend of pet-friendly living and social opportunities, making it a desirable neighborhood for renters with pets or a love for socializing.