Apartments for Rent in Pico, Santa Monica, CA

Pico, Santa Monica apartment availability

Pico, Santa Monica offers a very strong selection of rental listings, with an average of 169 rentals available each month in 2024. The neighborhood's rental market 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 assigned parking, dishwashers, and hardwood floors, which are available in over 60% of the apartments. With its diverse range of rentals and amenities, Pico is a great option for renters looking for a place to call home in Santa Monica.

Pico, Santa Monica rental market trends

The Pico neighborhood in Santa Monica saw a decline in rent prices over the past year, with an average monthly rent of $3,609, representing a 7% decrease. Breaking it down by bedroom count, 1-bedrooms average $3,291 per month, a 12% decrease from the previous year. The average rent for a 2-bedroom is around $4,114, while studios average $2,836.

Rent prices in Pico tend to fluctuate throughout the year, with April typically seeing the highest rent prices, 11% higher than December, the month with the lowest rent. If you're looking for a new apartment, winter might be a good time to search, as prices are generally lower. Keep in mind that the rental market can be less competitive during this time, with fewer available rentals but also fewer people looking for homes.

Why Pico, Santa Monica is a great place to live

Pico is a top choice for renters who prioritize pet friendliness and social living. According to data, apartments in Pico often feature pet-friendly amenities such as pet waste stations, outdoor spaces, and pet-safe windows, making it an ideal neighborhood for pet owners. Additionally, the area's walk score, street infrastructure, and transit frequency contribute to its social vibe, allowing residents to easily get around and meet up with friends. The neighborhood's age distribution and safety also play a role in its social appeal. With dog parks and pet events in the area, Pico offers a well-rounded lifestyle for those who value community and their furry companions.