Monthly Rent Report
Santa Monica Rent Report — February 2024
Asking rents in ZIP 90402, Los Angeles, from 203 listings.
Median 1BR rent in Santa Monica was $3,295 in February 2024, down 17.6% (−$705) from January 2024 and down 77.3% year-over-year. The middle half of 1BR listings asked between $3,295 and $3,295. That puts Santa Monica $1,100 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 203 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,000 | −$980 (-19.7%) | — | $2,850 – $4,393 | 16 |
| Studio | $1,450 | −$3,530 (-70.9%) | — | $1,450 – $1,450 | 1 |
| 1BR | $3,295 | −$705 (-17.6%) | −$11,205 (-77.3%) | $3,295 – $3,295 | 1 |
| 1BR | $3,495 | −$505 (-12.6%) | −$11,005 (-75.9%) | $3,400 – $5,100 | 43 |
| 2BR | $3,700 | −$595 (-13.9%) | −$2,287 (-38.2%) | $3,700 – $3,700 | 1 |
| 2BR | $7,650 | +$3,355 (+78.1%) | +$1,663 (+27.8%) | $4,345 – $9,375 | 50 |
| 3BR | $14,950 | +$11,250 (+304.1%) | +$6,200 (+70.9%) | $14,213 – $14,950 | 4 |
| 3BR | $12,000 | +$8,300 (+224.3%) | +$3,250 (+37.1%) | $11,375 – $14,950 | 28 |
| 4BR | $13,750 | −$400 (-2.8%) | −$1,250 (-8.3%) | $12,800 – $18,000 | 37 |
| 4BR | $13,150 | −$1,000 (-7.1%) | −$1,850 (-12.3%) | $13,150 – $13,150 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,000 | $1,750 | +$2,251 (+128.6%) |
| Studio | $1,450 | $1,750 | −$299 (-17.1%) |
| 1BR | $3,295 | $2,195 | +$1,100 (+50.1%) |
| 1BR | $3,495 | $2,195 | +$1,300 (+59.2%) |
| 2BR | $3,700 | $2,850 | +$850 (+29.8%) |
| 2BR | $7,650 | $2,850 | +$4,800 (+168.4%) |
| 3BR | $14,950 | $3,995 | +$10,955 (+274.2%) |
| 3BR | $12,000 | $3,995 | +$8,005 (+200.4%) |
| 4BR | $13,750 | $5,000 | +$8,750 (+175.0%) |
| 4BR | $13,150 | $5,000 | +$8,150 (+163.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.