Monthly Rent Report
Santa Monica Rent Report — June 2024
Asking rents in ZIP 90402, Los Angeles, from 199 listings.
Median 1BR rent in Santa Monica was $2,300 in June 2024, down 22.0% (−$650) from May 2024 and down 83.0% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,300. That puts Santa Monica $200 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 199 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | −$800 (-32.0%) | −$1,550 (-47.7%) | $1,700 – $1,700 | 1 |
| Studio | $4,100 | +$1,600 (+64.0%) | +$850 (+26.2%) | $2,350 – $4,200 | 18 |
| 1BR | $2,300 | −$650 (-22.0%) | −$11,200 (-83.0%) | $2,300 – $2,300 | 1 |
| 1BR | $4,505 | +$1,555 (+52.7%) | −$8,995 (-66.6%) | $3,800 – $4,950 | 33 |
| 2BR | $11,500 | +$1,500 (+15.0%) | +$4,675 (+68.5%) | $11,250 – $11,750 | 2 |
| 2BR | $9,000 | −$1,000 (-10.0%) | +$2,175 (+31.9%) | $5,295 – $11,000 | 79 |
| 3BR | $6,850 | −$5,150 (-42.9%) | −$4,650 (-40.4%) | $6,850 – $6,850 | 1 |
| 3BR | $10,000 | −$2,000 (-16.7%) | −$1,500 (-13.0%) | $9,450 – $13,995 | 32 |
| 4BR | $16,500 | +$1,000 (+6.5%) | +$6,750 (+69.2%) | $14,900 – $18,000 | 13 |
| 4BR | $16,500 | +$1,000 (+6.5%) | +$6,750 (+69.2%) | $14,900 – $18,000 | 13 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,759 | −$59 (-3.3%) |
| Studio | $4,100 | $1,759 | +$2,341 (+133.1%) |
| 1BR | $2,300 | $2,100 | +$200 (+9.5%) |
| 1BR | $4,505 | $2,100 | +$2,405 (+114.5%) |
| 2BR | $11,500 | $2,885 | +$8,615 (+298.6%) |
| 2BR | $9,000 | $2,885 | +$6,115 (+212.0%) |
| 3BR | $6,850 | $3,900 | +$2,950 (+75.6%) |
| 3BR | $10,000 | $3,900 | +$6,100 (+156.4%) |
| 4BR | $16,500 | $5,000 | +$11,500 (+230.0%) |
| 4BR | $16,500 | $5,000 | +$11,500 (+230.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.