Monthly Rent Report
Santa Monica Rent Report — May 2024
Asking rents in ZIP 90401, Los Angeles, from 1,466 listings.
Median 1BR rent in Santa Monica was $3,516 in May 2024, up 2.5% (+$87) from April 2024 and up 3.1% year-over-year. The middle half of 1BR listings asked between $3,211 and $3,964. That puts Santa Monica $1,421 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,466 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,190 | +$892 (+38.8%) | −$123 (-3.7%) | $2,763 – $3,460 | 240 |
| Studio | $2,350 | +$52 (+2.2%) | −$963 (-29.1%) | $2,350 – $2,350 | 1 |
| 1BR | $3,516 | +$87 (+2.5%) | +$106 (+3.1%) | $3,211 – $3,964 | 675 |
| 1BR | $2,895 | −$534 (-15.6%) | −$515 (-15.1%) | $2,895 – $2,895 | 1 |
| 2BR | $3,125 | −$2,434 (-43.8%) | −$2,660 (-46.0%) | $3,125 – $3,125 | 1 |
| 2BR | $5,707 | +$148 (+2.7%) | −$78 (-1.4%) | $4,459 – $6,595 | 447 |
| 3BR | $6,514 | −$2,771 (-29.8%) | −$4,486 (-40.8%) | $5,899 – $10,000 | 92 |
| 3BR | $15,000 | +$5,715 (+61.6%) | +$4,000 (+36.4%) | $15,000 – $15,000 | 3 |
| 4BR | $5,695 | — | −$1,555 (-21.4%) | $5,695 – $5,695 | 1 |
| 4BR | $5,695 | — | −$1,555 (-21.4%) | $5,695 – $5,695 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,190 | $1,795 | +$1,395 (+77.7%) |
| Studio | $2,350 | $1,795 | +$555 (+30.9%) |
| 1BR | $3,516 | $2,095 | +$1,421 (+67.8%) |
| 1BR | $2,895 | $2,095 | +$800 (+38.2%) |
| 2BR | $3,125 | $2,850 | +$275 (+9.6%) |
| 2BR | $5,707 | $2,850 | +$2,857 (+100.2%) |
| 3BR | $6,514 | $3,969 | +$2,546 (+64.1%) |
| 3BR | $15,000 | $3,969 | +$11,032 (+278.0%) |
| 4BR | $5,695 | $5,175 | +$520 (+10.0%) |
| 4BR | $5,695 | $5,175 | +$520 (+10.0%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.