Monthly Rent Report
Santa Monica Rent Report — January 2024
Asking rents in ZIP 90402, Los Angeles, from 66 listings.
Median 1BR rent in Santa Monica was $7,575 in January 2024, up 87.0% (+$3,525) from December 2023 and down 10.9% year-over-year. The middle half of 1BR listings asked between $7,538 and $7,613. That puts Santa Monica $5,479 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 66 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,980 | +$1,980 (+66.0%) | +$3,385 (+212.2%) | $4,980 – $4,980 | 3 |
| Studio | $5,000 | +$2,000 (+66.7%) | +$3,405 (+213.5%) | $5,000 – $5,000 | 5 |
| 1BR | $7,575 | +$3,525 (+87.0%) | −$925 (-10.9%) | $7,538 – $7,613 | 2 |
| 1BR | $4,000 | −$50 (-1.2%) | −$4,500 (-52.9%) | $3,650 – $6,500 | 9 |
| 2BR | $4,295 | −$627 (-12.7%) | −$1,305 (-23.3%) | $2,950 – $8,800 | 17 |
| 2BR | $8,800 | +$3,878 (+78.8%) | +$3,200 (+57.1%) | $8,800 – $8,800 | 1 |
| 3BR | $16,500 | +$1,000 (+6.5%) | +$15,300 (+1275.0%) | $14,500 – $16,500 | 8 |
| 3BR | $3,700 | −$11,800 (-76.1%) | +$2,500 (+208.3%) | $3,700 – $3,700 | 1 |
| 4BR | $16,500 | +$2,000 (+13.8%) | +$2,500 (+17.9%) | $16,500 – $16,500 | 1 |
| 4BR | $14,150 | −$350 (-2.4%) | +$150 (+1.1%) | $13,400 – $17,813 | 10 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,980 | $1,750 | +$3,230 (+184.6%) |
| Studio | $5,000 | $1,750 | +$3,250 (+185.7%) |
| 1BR | $7,575 | $2,097 | +$5,479 (+261.3%) |
| 1BR | $4,000 | $2,097 | +$1,904 (+90.8%) |
| 2BR | $4,295 | $2,795 | +$1,500 (+53.7%) |
| 2BR | $8,800 | $2,795 | +$6,005 (+214.8%) |
| 3BR | $16,500 | $3,950 | +$12,550 (+317.7%) |
| 3BR | $3,700 | $3,950 | −$250 (-6.3%) |
| 4BR | $16,500 | $5,200 | +$11,300 (+217.3%) |
| 4BR | $14,150 | $5,200 | +$8,950 (+172.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.