The Park Santa Monica: Luxury Apartments in Downtown Santa Monica, Rent Prices & Amenities

Last updated: October 29, 2026. By the Apartments Club Editorial Team.

At a glance: 500 Broadway, Santa Monica, CA 90401 · Santa Monica · asking rents from $3,775 to $16,459 a month as of October 2026.

The Park Santa Monica occupies the block at Fifth Street and Broadway in downtown Santa Monica. Developed by Witkoff and New Valley and designed by Koning Eizenberg Architecture, it was completed in 2022 and contains 249 apartments above roughly 55,000 square feet of ground-floor retail, according to Urbanize LA. The complex is split into four connected structures, and its most famous feature is on the roof: a private one-acre park.

The Park is also the priciest beach-city rental in our October 2026 survey, with three-bedroom homes listed up to about $16,500 a month.

Location and neighborhood

Few luxury rentals are this walkable. The Third Street Promenade and Santa Monica Place are two blocks away, the Santa Monica Pier and the beach are a 10-to-15-minute walk, and the Metro E Line’s Downtown Santa Monica station is close by. Grocery stores, the downtown farmers markets and a large selection of restaurants are within a few blocks.

Our Santa Monica neighborhood guide covers schools, parking rules and how the city’s rent-control rules affect older buildings (newer buildings like this one are generally not covered).

Apartments for rent at The Park Santa Monica

Homes range from studios to three bedrooms with floor-to-ceiling windows, Elfa closet systems and walnut vanities, according to the building’s listing.

Based on the units advertised on October 28, 2026, asking rents ranged from $3,775 to $16,459 a month, per Highrises.com (Realtor.com network, listing data supplied by Zillow). Here is the breakdown by unit type:

Unit type	Asking rent (Oct 2026)	Size
Studio	$3,775 – $4,764	529 sq ft
1 bedroom	$5,261 – $6,239	773 – 858 sq ft
2 bedroom	$7,087 – $14,140	1,134 – 1,391 sq ft
3 bedroom	$9,081 – $16,459	1,329 – 1,732 sq ft

When we checked, the building was advertising a concession of several free weeks on new leases, so the effective rent may be noticeably lower than the asking price. Ask the leasing team how any special is applied.

Amenities

The one-acre rooftop is the centerpiece. It is divided into four areas (the listing names them The Field, The Garden, The Oasis and The Farm) with ocean and city views. Other listed amenities include:

• A pool, sundecks, fire pits, lounges and hanging swings
• A two-level fitness studio, group exercise space, sauna and treatment rooms
• A dedicated wellness and lifestyle team
• A library and co-working space
• Complimentary bike rentals and bike storage
• A pet park, gated parking and package receiving
• Building-wide gigabit Wi-Fi and LEED Platinum certification

Pros and cons

Pros

• Two blocks from the Promenade and a short walk to the beach
• A rare one-acre private rooftop park with ocean views
• A strong wellness program and new-construction finishes
• Close to the E Line for trips to Culver City and downtown

Cons

• Downtown Santa Monica crowds and tourist traffic
• Some lower-floor units look onto busy streets
• Three-bedroom pricing approaches Westside house rents
• Concessions make it hard to compare true monthly cost

How it compares with other LA luxury rentals

We reviewed advertised rents at 25 of the priciest rental communities in Los Angeles County on October 28, 2026. Ranked by the highest monthly asking rent, The Park Santa Monica came in at number 9. For context, here is what several other high-end buildings were asking on the same day (same source):

• Ten Thousand (Century City): $13,600 – $27,000 a month
• Olympic + Hill (Downtown LA (South Park)): $2,499 – $24,434 a month
• Circa LA (Downtown LA (South Park)): $2,653 – $23,216 a month
• THEA at Metropolis (Downtown LA): $2,786 – $22,514 a month
• Kurve (Westlake/Koreatown edge): $2,228 – $19,262 a month
• Vision on Wilshire (Miracle Mile): $4,499 – $18,699 a month

Keep in mind that the top of each range is usually driven by one or two penthouse or oversized units, so the starting rent and the mix of unit sizes often say more about a building than its single most expensive listing. Linked names go to our full profile of that building.

More LA luxury building profiles

Comparing options? These profiles in our Los Angeles luxury apartments series cover nearby or similarly priced buildings:

• 700 Broadway: Santa Monica, from $4,500 a month
• Jardine Hollywood: Hollywood, from $2,615 a month
• The Alfred: West Hollywood adj., from $12,011 a month
• The Landmark Los Angeles: Brentwood/West LA, from $3,250 a month
• Elm View Residences: Beverly Hills, from $7,499 a month
• Vision on Wilshire: Miracle Mile, from $4,499 a month

Touring tips

• Ask which specific units are available and on which floors; view and floor height can move the rent by thousands of dollars in the same floor plan.
• Request the full monthly cost in writing, including parking, pet rent, storage, utilities and any amenity or service fees.
• Ask whether advertised specials are applied as free weeks up front or spread across the lease, and how that affects renewal pricing.
• Visit at rush hour and in the evening to judge traffic, noise and how easy it is to get in and out of the garage.
• Read the lease terms for minimum length, early termination and renewal caps before you put down a deposit.

Who it suits

The Park suits renters who want to live close to the beach without giving up new-building amenities: remote workers, Silicon Beach tech employees, wellness-focused couples, and small families who want a walkable lifestyle. Renters who want quiet residential streets may prefer north of Montana Avenue or nearby Brentwood.

Can you afford it?

A common rule of thumb is to keep rent near 30% of gross income, which means a $3,775 apartment calls for roughly $151,000 a year in household income, and the top-end unit far more. Many luxury buildings also ask for income of two and a half to three times the rent. Run your own numbers with our rent affordability calculator, and if this building is out of range, browse more options on our Los Angeles rentals board.

Before you apply

Rents in large buildings change daily based on floor, view, lease length and concessions. The figures above are asking rents for units listed on October 28, 2026, not signed leases, and they may include mandatory fees. Always verify current pricing, fees and availability directly with the leasing office or on the official The Park Santa Monica website. ApartmentsClub is not affiliated with the building or its management.

Featured image: Third Street Promenade in downtown Santa Monica, a few blocks from The Park (general neighborhood view; not a photo of the building). Photo by Cayambe via Wikimedia Commons, licensed CC BY-SA 4.0.

Sources: Zillow Observed Rent Index (ZORI), as cited in the text above. Figures reflect the data release noted where they appear; listings and prices change. How we source and update data: Editorial Standards & Sources.