No rentals found in Pico
Pico is a popular neighborhood in Santa Monica, CA for renters. Browse available rentals to find your next home in this neighborhood.
Santa Monica Rental Market
Median Rent
$6,500/mo
↑ 30.0% over the past yearMonths of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
0.3 months of supply
Landlord's MarketWith only 234 active rentals, supply is tight.
What this means for renters
Rental inventory is tight relative to how many homes get leased each month—fewer options, and well-priced units draw competition. Rentals typically lease in ~75 days.
Rental Velocity
How fast rentals are leasing
Rentals are sitting on the market—renters have strong leverage to negotiate rent, terms, and move-in specials. Leasing 90% faster than 6 months ago.
Rental Inventory Distribution
Rentals are being leased quickly—most listings move within 30 days, signaling strong renter demand.
Median Rent by Bedroom
Rent increases significantly with bedroom count—larger units command premium prices.
Each additional bedroom adds about $6,373.5/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 3 → 4 bedrooms (+$11.4K/mo)
Rent Reductions
74 listings have reduced their rent
32% of active listings
Average reduction: 9.6% (~$480/mo)
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