Monthly Rent Report
Santa Monica Rent Report — December 2024
Asking rents in ZIP 90401, Los Angeles, from 44 listings.
Median 1BR rent in Santa Monica was $2,145 in December 2024, down 20.4% (−$550) from November 2024 and down 36.8% year-over-year. The middle half of 1BR listings asked between $2,145 and $2,145. That puts Santa Monica $78 above the Los Angeles citywide 1BR median of $2,068. The month's figures are based on 44 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,350 | −$130 (-5.2%) | +$464 (+24.6%) | $2,295 – $2,350 | 10 |
| Studio | $2,462 | −$18 (-0.7%) | +$576 (+30.5%) | $2,462 – $2,462 | 1 |
| 1BR | $2,145 | −$550 (-20.4%) | −$1,247 (-36.8%) | $2,145 – $2,145 | 1 |
| 1BR | $2,795 | +$100 (+3.7%) | −$597 (-17.6%) | $2,795 – $2,795 | 9 |
| 2BR | $3,295 | +$525 (+19.0%) | +$300 (+10.0%) | $3,295 – $3,295 | 1 |
| 2BR | $3,073 | +$303 (+10.9%) | +$78 (+2.6%) | $2,811 – $3,786 | 12 |
| 3BR | $7,495 | −$1,505 (-16.7%) | −$10,005 (-57.2%) | $6,671 – $7,495 | 4 |
| 3BR | $7,495 | −$1,505 (-16.7%) | −$10,005 (-57.2%) | $7,495 – $7,495 | 2 |
| 4BR | $18,250 | $0 (0.0%) | +$11,000 (+151.7%) | $17,500 – $19,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,350 | $1,725 | +$625 (+36.2%) |
| Studio | $2,462 | $1,725 | +$737 (+42.7%) |
| 1BR | $2,145 | $2,068 | +$78 (+3.7%) |
| 1BR | $2,795 | $2,068 | +$728 (+35.2%) |
| 2BR | $3,295 | $2,750 | +$545 (+19.8%) |
| 2BR | $3,073 | $2,750 | +$323 (+11.7%) |
| 3BR | $7,495 | $3,995 | +$3,500 (+87.6%) |
| 3BR | $7,495 | $3,995 | +$3,500 (+87.6%) |
| 4BR | $18,250 | $4,900 | +$13,350 (+272.4%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in December 2024.