Monthly Rent Report
Santa Monica Rent Report — October 2024
Asking rents in ZIP 90402, Los Angeles, from 51 listings.
Median 1BR rent in Santa Monica was $3,800 in October 2024, up 41.0% (+$1,105) from September 2024 and up 58.3% year-over-year. The middle half of 1BR listings asked between $3,795 and $4,245. That puts Santa Monica $1,789 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 51 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,200 | $0 (0.0%) | +$200 (+5.0%) | $4,200 – $4,275 | 4 |
| 1BR | $3,800 | +$1,105 (+41.0%) | +$1,400 (+58.3%) | $3,795 – $4,245 | 17 |
| 1BR | $3,375 | +$680 (+25.2%) | +$975 (+40.6%) | $3,375 – $3,375 | 1 |
| 2BR | $6,850 | −$8,650 (-55.8%) | −$1,024 (-13.0%) | $4,111 – $8,500 | 8 |
| 2BR | $4,000 | −$11,500 (-74.2%) | −$3,874 (-49.2%) | $4,000 – $4,000 | 2 |
| 3BR | $6,950 | −$4,800 (-40.9%) | −$1,950 (-21.9%) | $6,950 – $6,950 | 1 |
| 4BR | $15,000 | +$5,250 (+53.8%) | −$1,500 (-9.1%) | $11,249 – $16,375 | 10 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,200 | $1,700 | +$2,500 (+147.1%) |
| 1BR | $3,800 | $2,011 | +$1,789 (+88.9%) |
| 1BR | $3,375 | $2,011 | +$1,364 (+67.8%) |
| 2BR | $6,850 | $2,727 | +$4,123 (+151.2%) |
| 2BR | $4,000 | $2,727 | +$1,273 (+46.7%) |
| 3BR | $6,950 | $3,816 | +$3,134 (+82.1%) |
| 4BR | $15,000 | $5,225 | +$9,775 (+187.1%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.