Monthly Rent Report
Santa Monica Rent Report — December 2024
Asking rents in ZIP 90402, Los Angeles, from 33 listings.
Median 1BR rent in Santa Monica was $3,200 in December 2024, up 6.8% (+$205) from November 2024 and down 21.0% year-over-year. The middle half of 1BR listings asked between $3,095 and $4,098. That puts Santa Monica $1,133 above the Los Angeles citywide 1BR median of $2,068. The month's figures are based on 33 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,495 | +$2,395 (+114.0%) | +$1,495 (+49.8%) | $4,490 – $4,500 | 5 |
| Studio | $4,493 | +$2,393 (+113.9%) | +$1,493 (+49.8%) | $4,491 – $4,494 | 2 |
| 1BR | $3,200 | +$205 (+6.8%) | −$850 (-21.0%) | $3,095 – $4,098 | 7 |
| 1BR | $3,295 | +$300 (+10.0%) | −$755 (-18.6%) | $3,295 – $3,295 | 1 |
| 2BR | $3,795 | −$500 (-11.6%) | −$1,127 (-22.9%) | $3,795 – $3,795 | 1 |
| 2BR | $4,295 | $0 (0.0%) | −$627 (-12.7%) | $4,295 – $4,345 | 4 |
| 3BR | $11,500 | +$3,050 (+36.1%) | +$2,005 (+21.1%) | $11,500 – $11,500 | 1 |
| 4BR | $10,995 | −$1,500 (-12.0%) | −$2,655 (-19.5%) | $9,750 – $13,246 | 10 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,495 | $1,725 | +$2,770 (+160.6%) |
| Studio | $4,493 | $1,725 | +$2,768 (+160.4%) |
| 1BR | $3,200 | $2,068 | +$1,133 (+54.8%) |
| 1BR | $3,295 | $2,068 | +$1,228 (+59.4%) |
| 2BR | $3,795 | $2,750 | +$1,045 (+38.0%) |
| 2BR | $4,295 | $2,750 | +$1,545 (+56.2%) |
| 3BR | $11,500 | $3,995 | +$7,505 (+187.9%) |
| 4BR | $10,995 | $4,900 | +$6,095 (+124.4%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in December 2024.