Monthly Rent Report
Santa Monica Rent Report — March 2024
Asking rents in ZIP 90401, Los Angeles, from 883 listings.
Median 1BR rent in Santa Monica was $3,849 in March 2024, up 45.2% (+$1,199) from February 2024 and up 16.7% year-over-year. The middle half of 1BR listings asked between $3,296 and $4,349. That puts Santa Monica $1,704 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 883 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,299 | +$796 (+31.8%) | +$916 (+38.4%) | $2,628 – $3,623 | 187 |
| Studio | $2,278 | −$225 (-9.0%) | −$105 (-4.4%) | $2,278 – $2,278 | 1 |
| 1BR | $3,849 | +$1,199 (+45.2%) | +$550 (+16.7%) | $3,296 – $4,349 | 306 |
| 1BR | $2,950 | +$300 (+11.3%) | −$349 (-10.6%) | $2,795 – $2,950 | 5 |
| 2BR | $3,395 | −$2,600 (-43.4%) | −$1,079 (-24.1%) | $3,395 – $3,395 | 2 |
| 2BR | $5,350 | −$645 (-10.8%) | +$876 (+19.6%) | $4,474 – $6,299 | 281 |
| 3BR | $5,774 | −$4,113 (-41.6%) | −$6,726 (-53.8%) | $5,434 – $9,875 | 62 |
| 3BR | $5,774 | −$4,113 (-41.6%) | −$6,726 (-53.8%) | $5,434 – $9,900 | 39 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,299 | $1,723 | +$1,577 (+91.5%) |
| Studio | $2,278 | $1,723 | +$556 (+32.2%) |
| 1BR | $3,849 | $2,145 | +$1,704 (+79.4%) |
| 1BR | $2,950 | $2,145 | +$805 (+37.5%) |
| 2BR | $3,395 | $2,850 | +$545 (+19.1%) |
| 2BR | $5,350 | $2,850 | +$2,500 (+87.7%) |
| 3BR | $5,774 | $3,762 | +$2,012 (+53.5%) |
| 3BR | $5,774 | $3,762 | +$2,012 (+53.5%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.