Monthly Rent Report
Santa Monica Rent Report — March 2024
Asking rents in ZIP 90403, Los Angeles, from 635 listings.
Median 1BR rent in Santa Monica was $2,650 in March 2024, down 13.8% (−$425) from February 2024 and up 0.2% year-over-year. The middle half of 1BR listings asked between $2,650 and $2,650. That puts Santa Monica $505 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 635 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$200 (-9.1%) | $0 (0.0%) | $1,995 – $1,995 | 1 |
| Studio | $2,250 | +$55 (+2.5%) | +$255 (+12.8%) | $1,995 – $2,895 | 65 |
| 1BR | $2,650 | −$425 (-13.8%) | +$5 (+0.2%) | $2,650 – $2,650 | 1 |
| 1BR | $3,097 | +$22 (+0.7%) | +$452 (+17.1%) | $2,750 – $3,500 | 190 |
| 2BR | $5,710 | +$2,310 (+67.9%) | +$2,338 (+69.3%) | $4,095 – $6,358 | 290 |
| 2BR | $3,795 | +$395 (+11.6%) | +$423 (+12.5%) | $3,795 – $3,795 | 1 |
| 3BR | $4,708 | −$1,292 (-21.5%) | −$2,087 (-30.7%) | $4,708 – $4,708 | 6 |
| 3BR | $5,500 | −$500 (-8.3%) | −$1,295 (-19.1%) | $4,995 – $6,800 | 63 |
| 4BR | $9,000 | −$3,000 (-25.0%) | −$5,125 (-36.3%) | $6,000 – $12,750 | 4 |
| 4BR | $9,000 | −$3,000 (-25.0%) | −$5,125 (-36.3%) | $6,000 – $12,750 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,723 | +$273 (+15.8%) |
| Studio | $2,250 | $1,723 | +$528 (+30.6%) |
| 1BR | $2,650 | $2,145 | +$505 (+23.5%) |
| 1BR | $3,097 | $2,145 | +$952 (+44.4%) |
| 2BR | $5,710 | $2,850 | +$2,860 (+100.4%) |
| 2BR | $3,795 | $2,850 | +$945 (+33.2%) |
| 3BR | $4,708 | $3,762 | +$946 (+25.1%) |
| 3BR | $5,500 | $3,762 | +$1,738 (+46.2%) |
| 4BR | $9,000 | $4,950 | +$4,050 (+81.8%) |
| 4BR | $9,000 | $4,950 | +$4,050 (+81.8%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.