Monthly Rent Report
Santa Monica Rent Report — June 2024
Asking rents in ZIP 90401, Los Angeles, from 870 listings.
Median 1BR rent in Santa Monica was $2,823 in June 2024, down 2.5% (−$72) from May 2024 and down 20.4% year-over-year. The middle half of 1BR listings asked between $2,786 and $2,859. That puts Santa Monica $723 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 870 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,329 | +$139 (+4.4%) | +$827 (+33.1%) | $2,763 – $3,570 | 264 |
| Studio | $2,352 | −$838 (-26.3%) | −$150 (-6.0%) | $2,352 – $2,352 | 1 |
| 1BR | $2,823 | −$72 (-2.5%) | −$722 (-20.4%) | $2,786 – $2,859 | 2 |
| 1BR | $2,698 | −$197 (-6.8%) | −$847 (-23.9%) | $2,600 – $2,795 | 4 |
| 2BR | $5,664 | −$43 (-0.8%) | +$1,215 (+27.3%) | $4,599 – $6,396 | 455 |
| 2BR | $2,895 | −$2,812 (-49.3%) | −$1,554 (-34.9%) | $2,895 – $2,895 | 1 |
| 3BR | $6,019 | −$8,981 (-59.9%) | −$4,981 (-45.3%) | $5,663 – $8,995 | 137 |
| 3BR | $6,650 | −$8,350 (-55.7%) | −$4,350 (-39.5%) | $6,650 – $6,650 | 1 |
| 4BR | $19,500 | +$13,805 (+242.4%) | +$5,500 (+39.3%) | $19,500 – $19,500 | 3 |
| 4BR | $5,695 | $0 (0.0%) | −$8,305 (-59.3%) | $5,695 – $5,695 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,329 | $1,759 | +$1,570 (+89.3%) |
| Studio | $2,352 | $1,759 | +$593 (+33.7%) |
| 1BR | $2,823 | $2,100 | +$723 (+34.4%) |
| 1BR | $2,698 | $2,100 | +$598 (+28.5%) |
| 2BR | $5,664 | $2,885 | +$2,779 (+96.3%) |
| 2BR | $2,895 | $2,885 | +$10 (+0.3%) |
| 3BR | $6,019 | $3,900 | +$2,119 (+54.3%) |
| 3BR | $6,650 | $3,900 | +$2,750 (+70.5%) |
| 4BR | $19,500 | $5,000 | +$14,500 (+290.0%) |
| 4BR | $5,695 | $5,000 | +$695 (+13.9%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.