Monthly Rent Report
Santa Monica Rent Report — January 2024
Asking rents in ZIP 90401, Los Angeles, from 221 listings.
Median 1BR rent in Santa Monica was $2,588 in January 2024, down 23.7% (−$805) from December 2023 and down 50.2% year-over-year. The middle half of 1BR listings asked between $2,531 and $2,644. That puts Santa Monica $491 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 221 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,210 | +$1,324 (+70.2%) | +$230 (+7.7%) | $2,150 – $3,419 | 50 |
| Studio | $2,378 | +$492 (+26.1%) | −$602 (-20.2%) | $2,378 – $2,378 | 1 |
| 1BR | $2,588 | −$805 (-23.7%) | −$2,607 (-50.2%) | $2,531 – $2,644 | 2 |
| 1BR | $3,376 | −$16 (-0.5%) | −$1,819 (-35.0%) | $2,509 – $4,160 | 83 |
| 2BR | $5,670 | +$2,675 (+89.3%) | +$2,470 (+77.2%) | $4,100 – $7,663 | 46 |
| 2BR | $8,495 | +$5,500 (+183.6%) | +$5,295 (+165.5%) | $8,495 – $8,495 | 1 |
| 3BR | $10,500 | −$9,499 (-47.5%) | $0 (0.0%) | $6,248 – $15,000 | 31 |
| 3BR | $17,000 | −$2,999 (-15.0%) | +$6,500 (+61.9%) | $17,000 – $17,000 | 3 |
| 4BR | $9,223 | +$1,973 (+27.2%) | — | $8,236 – $10,209 | 2 |
| 4BR | $9,223 | +$1,973 (+27.2%) | — | $8,236 – $10,209 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,210 | $1,750 | +$1,460 (+83.4%) |
| Studio | $2,378 | $1,750 | +$628 (+35.9%) |
| 1BR | $2,588 | $2,097 | +$491 (+23.4%) |
| 1BR | $3,376 | $2,097 | +$1,280 (+61.0%) |
| 2BR | $5,670 | $2,795 | +$2,875 (+102.8%) |
| 2BR | $8,495 | $2,795 | +$5,700 (+203.9%) |
| 3BR | $10,500 | $3,950 | +$6,550 (+165.8%) |
| 3BR | $17,000 | $3,950 | +$13,050 (+330.4%) |
| 4BR | $9,223 | $5,200 | +$4,023 (+77.4%) |
| 4BR | $9,223 | $5,200 | +$4,023 (+77.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.