Monthly Rent Report
Santa Monica Rent Report — August 2024
Asking rents in ZIP 90401, Los Angeles, from 10 listings.
Median 1BR rent in Santa Monica was $2,773 in August 2024, up 0.8% (+$23) from July 2024 and up 26.3% year-over-year. The middle half of 1BR listings asked between $2,761 and $2,784. That puts Santa Monica $678 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 10 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,051 | −$329 (-13.8%) | −$1,234 (-37.6%) | $2,046 – $2,055 | 2 |
| 1BR | $2,773 | +$23 (+0.8%) | +$578 (+26.3%) | $2,761 – $2,784 | 2 |
| 2BR | $2,925 | −$470 (-13.8%) | −$525 (-15.2%) | $2,900 – $2,950 | 2 |
| 3BR | $7,495 | +$1,746 (+30.4%) | −$1,303 (-14.8%) | $7,495 – $7,495 | 1 |
| 4BR | $19,000 | +$13,305 (+233.6%) | +$7,505 (+65.3%) | $19,000 – $19,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,051 | $1,750 | +$301 (+17.2%) |
| 1BR | $2,773 | $2,095 | +$678 (+32.3%) |
| 2BR | $2,925 | $2,795 | +$130 (+4.7%) |
| 3BR | $7,495 | $4,000 | +$3,495 (+87.4%) |
| 4BR | $19,000 | $4,895 | +$14,105 (+288.2%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.