Monthly Rent Report
Santa Monica Rent Report — February 2024
Asking rents in ZIP 90401, Los Angeles, from 418 listings.
Median 1BR rent in Santa Monica was $2,535 in February 2024, down 2.0% (−$52) from January 2024 and down 12.4% year-over-year. The middle half of 1BR listings asked between $2,515 and $2,555. That puts Santa Monica $340 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 418 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,109 | −$100 (-3.1%) | −$271 (-8.0%) | $2,627 – $3,599 | 114 |
| Studio | $2,503 | −$706 (-22.0%) | −$877 (-25.9%) | $2,441 – $2,566 | 2 |
| 1BR | $2,535 | −$52 (-2.0%) | −$360 (-12.4%) | $2,515 – $2,555 | 2 |
| 1BR | $2,650 | +$63 (+2.4%) | −$245 (-8.5%) | $2,650 – $2,650 | 1 |
| 2BR | $5,200 | −$3,295 (-38.8%) | +$100 (+2.0%) | $4,060 – $7,999 | 237 |
| 2BR | $5,995 | −$2,500 (-29.4%) | +$895 (+17.5%) | $5,995 – $5,995 | 1 |
| 3BR | $6,500 | −$10,500 (-61.8%) | −$6,750 (-50.9%) | $6,500 – $6,500 | 1 |
| 3BR | $9,888 | −$7,112 (-41.8%) | −$3,362 (-25.4%) | $5,874 – $15,000 | 52 |
| 4BR | $10,995 | +$1,773 (+19.2%) | −$3,005 (-21.5%) | $10,995 – $10,995 | 4 |
| 4BR | $10,995 | +$1,773 (+19.2%) | −$3,005 (-21.5%) | $10,995 – $10,995 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,109 | $1,750 | +$1,360 (+77.7%) |
| Studio | $2,503 | $1,750 | +$754 (+43.1%) |
| 1BR | $2,535 | $2,195 | +$340 (+15.5%) |
| 1BR | $2,650 | $2,195 | +$455 (+20.7%) |
| 2BR | $5,200 | $2,850 | +$2,350 (+82.5%) |
| 2BR | $5,995 | $2,850 | +$3,145 (+110.4%) |
| 3BR | $6,500 | $3,995 | +$2,505 (+62.7%) |
| 3BR | $9,888 | $3,995 | +$5,893 (+147.5%) |
| 4BR | $10,995 | $5,000 | +$5,995 (+119.9%) |
| 4BR | $10,995 | $5,000 | +$5,995 (+119.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.