Monthly Rent Report
Santa Monica Rent Report — April 2024
Asking rents in ZIP 90401, Los Angeles, from 952 listings.
Median 1BR rent in Santa Monica was $3,429 in April 2024, down 10.9% (−$420) from March 2024 and down 44.6% year-over-year. The middle half of 1BR listings asked between $3,170 and $3,995. That puts Santa Monica $1,334 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 952 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,099 | −$200 (-6.1%) | +$941 (+43.6%) | $2,620 – $3,605 | 157 |
| Studio | $2,299 | −$1,000 (-30.3%) | +$140 (+6.5%) | $2,286 – $2,311 | 2 |
| 1BR | $3,429 | −$420 (-10.9%) | −$2,766 (-44.6%) | $3,170 – $3,995 | 374 |
| 1BR | $2,895 | −$954 (-24.8%) | −$3,300 (-53.3%) | $2,845 – $2,945 | 2 |
| 2BR | $5,559 | +$2,164 (+63.7%) | −$271 (-4.6%) | $4,131 – $7,716 | 274 |
| 2BR | $3,495 | +$100 (+2.9%) | −$2,335 (-40.1%) | $3,495 – $3,495 | 1 |
| 3BR | $9,285 | +$3,511 (+60.8%) | +$3,985 (+75.2%) | $5,899 – $11,750 | 67 |
| 3BR | $6,378 | +$604 (+10.5%) | +$1,078 (+20.3%) | $5,899 – $9,900 | 75 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,099 | $1,795 | +$1,304 (+72.6%) |
| Studio | $2,299 | $1,795 | +$504 (+28.1%) |
| 1BR | $3,429 | $2,095 | +$1,334 (+63.7%) |
| 1BR | $2,895 | $2,095 | +$800 (+38.2%) |
| 2BR | $5,559 | $2,833 | +$2,726 (+96.2%) |
| 2BR | $3,495 | $2,833 | +$662 (+23.4%) |
| 3BR | $9,285 | $3,950 | +$5,335 (+135.1%) |
| 3BR | $6,378 | $3,950 | +$2,428 (+61.5%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.