Monthly Rent Report
Santa Monica Rent Report — February 2024
Asking rents in ZIP 90403, Los Angeles, from 735 listings.
Median 1BR rent in Santa Monica was $4,800 in February 2024, up 60.3% (+$1,805) from January 2024 and up 109.2% year-over-year. The middle half of 1BR listings asked between $4,800 and $4,800. That puts Santa Monica $2,605 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 735 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,195 | −$55 (-2.4%) | +$1,400 (+176.1%) | $1,950 – $2,895 | 77 |
| Studio | $2,250 | $0 (0.0%) | +$1,455 (+183.0%) | $2,250 – $2,250 | 1 |
| 1BR | $4,800 | +$1,805 (+60.3%) | +$2,505 (+109.2%) | $4,800 – $4,800 | 1 |
| 1BR | $3,075 | +$80 (+2.7%) | +$780 (+34.0%) | $2,748 – $3,435 | 235 |
| 2BR | $3,400 | −$900 (-20.9%) | +$205 (+6.4%) | $3,400 – $3,400 | 1 |
| 2BR | $4,345 | +$45 (+1.0%) | +$1,150 (+36.0%) | $3,825 – $5,725 | 321 |
| 3BR | $6,500 | +$1,305 (+25.1%) | −$2,000 (-23.5%) | $6,500 – $6,500 | 1 |
| 3BR | $6,000 | +$805 (+15.5%) | −$2,500 (-29.4%) | $4,995 – $8,200 | 83 |
| 4BR | $12,000 | $0 (0.0%) | −$4,900 (-29.0%) | $9,000 – $14,250 | 10 |
| 4BR | $9,000 | −$3,000 (-25.0%) | −$7,900 (-46.7%) | $9,000 – $9,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,195 | $1,750 | +$446 (+25.5%) |
| Studio | $2,250 | $1,750 | +$501 (+28.6%) |
| 1BR | $4,800 | $2,195 | +$2,605 (+118.7%) |
| 1BR | $3,075 | $2,195 | +$880 (+40.1%) |
| 2BR | $3,400 | $2,850 | +$550 (+19.3%) |
| 2BR | $4,345 | $2,850 | +$1,495 (+52.5%) |
| 3BR | $6,500 | $3,995 | +$2,505 (+62.7%) |
| 3BR | $6,000 | $3,995 | +$2,005 (+50.2%) |
| 4BR | $12,000 | $5,000 | +$7,000 (+140.0%) |
| 4BR | $9,000 | $5,000 | +$4,000 (+80.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.