RentData

Average Rent in Santa Maria, CA Rents rising 1.1% YoY🔺 4th priciest in CA

HUD FY2025 · Official government data · Updated annually · Metro pop. 443,975

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Santa Maria, CA has rental prices ranging from $2,381/month to $4,468/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $2,688/month — 92% above the national average of $1,400/month. With a median household income of $95,977/year, spending $2,688/month on a 1-bedroom represents 34% of gross income — at the boundary of affordability.

How Santa Maria Compares

With an average 2-bedroom rent of $3,028/month, Santa Maria ranks #4 most expensive of the 51 cities tracked in California — pricier than 100% of all US cities in our data.

The Santa Maria Rental Market

The Santa Maria, CA area has a population of about 443,975 and 47% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Santa Maria, CA have risen by $34/month (1.1%) over the past year, from $2,994 to $3,028. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Santa Maria, CA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $107,520. The local median household income of $95,977 falls $11,543 short of that threshold, meaning many residents in Santa Maria are housing cost-burdened by conventional measures.

Rent vs. Buy

The median home value in Santa Maria, CA is $661,395, giving a price-to-rent ratio of 18.2. With a break-even horizon of approximately 18 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$2,381
Affordable
1 Bedroom
$2,688
Average
2 Bedrooms
$3,028
1.1% YoY
Average
3 Bedrooms
$4,011
Expensive
4 Bedrooms
$4,468
Expensive
🔔
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Median Home Value
$661,395
Source: Zillow ZHVI
Est. monthly payment
$3,520/mo
20% down · 30yr · 7%

Is Santa Maria, CA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$121,120/year
Local median income: $95,977
To buy a median home
$140,809/year
US national median: $75,000
💡 Based on a 2BR rent of $3,028/month and 20% down on a $661,395 home at 7% rate.

Nearby Cities in CAlargest metros in the state

CityStudio1BR2BR3BRHome Value
Los Angeles$1,856$2,081$2,625$3,335
Santa Ana$2,352$2,454$2,903$3,927
Oakland$1,937$2,201$2,682$3,432
San Francisco$2,275$2,780$3,318$4,138
Riverside$1,776$1,852$2,306$3,079
San Diego$2,145$2,328$2,881$3,852

Rent or Buy in Santa Maria?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Santa Maria data

$
Home Value
$661,395
2BR Rent
$3,028/mo
Mortgage Rate
7%
Monthly P&I
$3,520/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $4,871/movs rent: $3,028/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $661,395 home at 7% rate

20% — $132,279
3%50%
Estimated Monthly Payment
$3,520
per month · 30 years · 7% APR
Loan Amount
$529,116
Total Paid
$1,267,280
Total Interest
$738,164
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Santa Maria

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Frequently Asked Questions

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🏘️Neighborhoods in Santa Maria

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⚖️Rent vs Buy in Santa Maria

Is it cheaper to rent or buy here?

💵Rent Affordability in Santa Maria

Salary needed to afford rent here

🗺️All Cities in CA

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📋CA Tenant Rights

Deposit limits, eviction laws & renters protections