Monthly Rent Report
Santa Monica Rent Report — April 2024
Asking rents in ZIP 90402, Los Angeles, from 263 listings.
Median 1BR rent in Santa Monica was $3,495 in April 2024, down 2.8% (−$100) from March 2024 and down 16.8% year-over-year. The middle half of 1BR listings asked between $2,750 and $5,350. That puts Santa Monica $1,400 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 263 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,000 | +$1,400 (+53.8%) | −$625 (-13.5%) | $2,550 – $4,200 | 19 |
| Studio | $2,050 | −$550 (-21.2%) | −$2,575 (-55.7%) | $2,050 – $2,050 | 1 |
| 1BR | $3,495 | −$100 (-2.8%) | −$705 (-16.8%) | $2,750 – $5,350 | 50 |
| 1BR | $3,195 | −$400 (-11.1%) | −$1,005 (-23.9%) | $3,195 – $3,195 | 1 |
| 2BR | $8,999 | +$2,499 (+38.4%) | −$551 (-5.8%) | $5,970 – $13,000 | 59 |
| 2BR | $11,500 | +$5,000 (+76.9%) | +$1,950 (+20.4%) | $7,500 – $12,000 | 35 |
| 3BR | $10,500 | −$500 (-4.5%) | −$1,000 (-8.7%) | $8,673 – $12,250 | 35 |
| 3BR | $10,950 | −$50 (-0.5%) | −$550 (-4.8%) | $9,495 – $13,950 | 25 |
| 4BR | $15,500 | +$500 (+3.3%) | +$1,500 (+10.7%) | $13,500 – $19,500 | 10 |
| 4BR | $14,900 | −$100 (-0.7%) | +$900 (+6.4%) | $13,500 – $16,000 | 17 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,000 | $1,795 | +$2,205 (+122.8%) |
| Studio | $2,050 | $1,795 | +$255 (+14.2%) |
| 1BR | $3,495 | $2,095 | +$1,400 (+66.8%) |
| 1BR | $3,195 | $2,095 | +$1,100 (+52.5%) |
| 2BR | $8,999 | $2,833 | +$6,166 (+217.7%) |
| 2BR | $11,500 | $2,833 | +$8,667 (+306.0%) |
| 3BR | $10,500 | $3,950 | +$6,550 (+165.8%) |
| 3BR | $10,950 | $3,950 | +$7,000 (+177.2%) |
| 4BR | $15,500 | $4,999 | +$10,501 (+210.1%) |
| 4BR | $14,900 | $4,999 | +$9,901 (+198.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.