Monthly Rent Report
Santa Monica Rent Report — August 2024
Asking rents in ZIP 90402, Los Angeles, from 22 listings.
Median 1BR rent in Santa Monica was $3,450 in August 2024, down 65.5% (−$6,550) from July 2024 and down 67.1% year-over-year. The middle half of 1BR listings asked between $3,450 and $3,450. That puts Santa Monica $1,355 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 22 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,200 | +$100 (+2.4%) | −$300 (-6.7%) | $4,200 – $4,200 | 1 |
| Studio | $5,000 | +$900 (+22.0%) | +$500 (+11.1%) | $5,000 – $5,000 | 2 |
| 1BR | $3,450 | −$6,550 (-65.5%) | −$7,050 (-67.1%) | $3,450 – $3,450 | 1 |
| 2BR | $3,700 | −$5,050 (-57.7%) | −$1,050 (-22.1%) | $3,700 – $3,700 | 1 |
| 3BR | $5,800 | −$8,200 (-58.6%) | −$5,000 (-46.3%) | $5,800 – $13,500 | 5 |
| 4BR | $15,000 | −$1,995 (-11.7%) | −$4,000 (-21.1%) | $11,995 – $15,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,200 | $1,750 | +$2,450 (+140.0%) |
| Studio | $5,000 | $1,750 | +$3,250 (+185.7%) |
| 1BR | $3,450 | $2,095 | +$1,355 (+64.7%) |
| 2BR | $3,700 | $2,795 | +$905 (+32.4%) |
| 3BR | $5,800 | $4,000 | +$1,800 (+45.0%) |
| 4BR | $15,000 | $4,895 | +$10,105 (+206.4%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.