Monthly Rent Report
Santa Monica Rent Report — March 2024
Asking rents in ZIP 90402, Los Angeles, from 209 listings.
Median 1BR rent in Santa Monica was $3,400 in March 2024, down 2.7% (−$95) from February 2024 and down 9.3% year-over-year. The middle half of 1BR listings asked between $2,773 and $5,925. That puts Santa Monica $1,255 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 209 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,725 | −$1,275 (-31.9%) | — | $2,600 – $4,098 | 8 |
| Studio | $2,600 | −$1,400 (-35.0%) | — | $2,600 – $3,713 | 10 |
| 1BR | $3,400 | −$95 (-2.7%) | −$350 (-9.3%) | $2,773 – $5,925 | 27 |
| 1BR | $3,595 | +$100 (+2.9%) | −$155 (-4.1%) | $3,395 – $3,795 | 2 |
| 2BR | $4,570 | −$3,080 (-40.3%) | −$429 (-8.6%) | $4,208 – $4,933 | 2 |
| 2BR | $6,500 | −$1,150 (-15.0%) | +$1,501 (+30.0%) | $5,073 – $10,000 | 47 |
| 3BR | $11,000 | −$1,000 (-8.3%) | +$1,000 (+10.0%) | $9,500 – $13,950 | 33 |
| 3BR | $11,400 | −$600 (-5.0%) | +$1,400 (+14.0%) | $10,050 – $13,950 | 38 |
| 4BR | $14,000 | +$850 (+6.5%) | −$2,495 (-15.1%) | $13,000 – $15,000 | 19 |
| 4BR | $15,000 | +$1,850 (+14.1%) | −$1,495 (-9.1%) | $13,250 – $16,500 | 20 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,725 | $1,723 | +$1,003 (+58.2%) |
| Studio | $2,600 | $1,723 | +$878 (+50.9%) |
| 1BR | $3,400 | $2,145 | +$1,255 (+58.5%) |
| 1BR | $3,595 | $2,145 | +$1,450 (+67.6%) |
| 2BR | $4,570 | $2,850 | +$1,720 (+60.4%) |
| 2BR | $6,500 | $2,850 | +$3,650 (+128.1%) |
| 3BR | $11,000 | $3,762 | +$7,238 (+192.4%) |
| 3BR | $11,400 | $3,762 | +$7,638 (+203.0%) |
| 4BR | $14,000 | $4,950 | +$9,050 (+182.8%) |
| 4BR | $15,000 | $4,950 | +$10,050 (+203.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.