Monthly Rent Report
Santa Monica Rent Report — January 2024
Asking rents in ZIP 90403, Los Angeles, from 293 listings.
Median 1BR rent in Santa Monica was $2,995 in January 2024, up 3.5% (+$100) from December 2023 and down 2.6% year-over-year. The middle half of 1BR listings asked between $2,630 and $3,606. That puts Santa Monica $899 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 293 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,250 | −$245 (-9.8%) | +$255 (+12.8%) | $2,036 – $2,713 | 20 |
| Studio | $1,960 | −$535 (-21.4%) | −$35 (-1.8%) | $1,960 – $1,960 | 1 |
| 1BR | $2,995 | +$100 (+3.5%) | −$80 (-2.6%) | $2,630 – $3,606 | 108 |
| 1BR | $2,995 | +$100 (+3.5%) | −$80 (-2.6%) | $2,995 – $2,995 | 1 |
| 2BR | $4,275 | −$397 (-8.5%) | −$10 (-0.2%) | $3,750 – $5,858 | 120 |
| 2BR | $4,300 | −$372 (-8.0%) | +$15 (+0.4%) | $3,898 – $4,450 | 7 |
| 3BR | $5,195 | +$500 (+10.6%) | −$800 (-13.3%) | $3,995 – $7,950 | 25 |
| 3BR | $6,000 | +$1,305 (+27.8%) | +$5 (+0.1%) | $5,250 – $6,400 | 3 |
| 4BR | $12,000 | +$4,005 (+50.1%) | −$5,000 (-29.4%) | $12,000 – $12,000 | 3 |
| 4BR | $12,000 | +$4,005 (+50.1%) | −$5,000 (-29.4%) | $12,000 – $12,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,250 | $1,750 | +$500 (+28.6%) |
| Studio | $1,960 | $1,750 | +$210 (+12.0%) |
| 1BR | $2,995 | $2,097 | +$899 (+42.9%) |
| 1BR | $2,995 | $2,097 | +$899 (+42.9%) |
| 2BR | $4,275 | $2,795 | +$1,480 (+53.0%) |
| 2BR | $4,300 | $2,795 | +$1,505 (+53.8%) |
| 3BR | $5,195 | $3,950 | +$1,245 (+31.5%) |
| 3BR | $6,000 | $3,950 | +$2,050 (+51.9%) |
| 4BR | $12,000 | $5,200 | +$6,800 (+130.8%) |
| 4BR | $12,000 | $5,200 | +$6,800 (+130.8%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.