Monthly Rent Report
Santa Monica Rent Report — July 2024
Asking rents in ZIP 90401, Los Angeles, from 428 listings.
Median 1BR rent in Santa Monica was $2,750 in July 2024, up 1.9% (+$53) from June 2024 and down 10.1% year-over-year. The middle half of 1BR listings asked between $2,750 and $2,750. That puts Santa Monica $655 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 428 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,990 | +$638 (+27.1%) | −$285 (-8.7%) | $2,758 – $3,260 | 91 |
| Studio | $2,380 | +$28 (+1.2%) | −$895 (-27.3%) | $2,376 – $2,383 | 2 |
| 1BR | $2,750 | +$53 (+1.9%) | −$310 (-10.1%) | $2,750 – $2,750 | 1 |
| 1BR | $3,729 | +$1,032 (+38.2%) | +$669 (+21.9%) | $3,273 – $4,398 | 245 |
| 2BR | $2,645 | −$250 (-8.6%) | −$3,501 (-57.0%) | $2,645 – $2,645 | 3 |
| 2BR | $3,395 | +$500 (+17.3%) | −$2,751 (-44.8%) | $3,395 – $3,395 | 1 |
| 3BR | $13,247 | +$6,597 (+99.2%) | +$5,447 (+69.8%) | $9,871 – $16,623 | 2 |
| 3BR | $5,749 | −$901 (-13.5%) | −$2,051 (-26.3%) | $5,449 – $8,965 | 78 |
| 4BR | $5,695 | −$13,805 (-70.8%) | −$8,305 (-59.3%) | $5,695 – $5,695 | 2 |
| 4BR | $5,695 | −$13,805 (-70.8%) | −$8,305 (-59.3%) | $5,695 – $5,695 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,990 | $1,778 | +$1,212 (+68.1%) |
| Studio | $2,380 | $1,778 | +$601 (+33.8%) |
| 1BR | $2,750 | $2,095 | +$655 (+31.3%) |
| 1BR | $3,729 | $2,095 | +$1,634 (+78.0%) |
| 2BR | $2,645 | $2,835 | −$190 (-6.7%) |
| 2BR | $3,395 | $2,835 | +$560 (+19.8%) |
| 3BR | $13,247 | $3,900 | +$9,347 (+239.7%) |
| 3BR | $5,749 | $3,900 | +$1,849 (+47.4%) |
| 4BR | $5,695 | $5,270 | +$425 (+8.1%) |
| 4BR | $5,695 | $5,270 | +$425 (+8.1%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.