Monthly Rent Report
Santa Monica Rent Report — April 2024
Asking rents in ZIP 90403, Los Angeles, from 475 listings.
Median 1BR rent in Santa Monica was $2,598 in April 2024, down 16.1% (−$499) from March 2024 and down 13.8% year-over-year. The middle half of 1BR listings asked between $2,571 and $2,624. That puts Santa Monica $503 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 475 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | +$155 (+7.8%) | $0 (0.0%) | $1,950 – $2,538 | 65 |
| Studio | $1,995 | $0 (0.0%) | −$155 (-7.2%) | $1,995 – $1,995 | 1 |
| 1BR | $2,598 | −$499 (-16.1%) | −$415 (-13.8%) | $2,571 – $2,624 | 2 |
| 1BR | $3,075 | −$21 (-0.7%) | +$63 (+2.1%) | $2,695 – $3,503 | 307 |
| 2BR | $3,800 | −$1,910 (-33.5%) | −$22 (-0.6%) | $3,775 – $3,825 | 2 |
| 2BR | $4,858 | −$852 (-14.9%) | +$1,036 (+27.1%) | $4,858 – $4,858 | 1 |
| 3BR | $5,145 | −$355 (-6.5%) | −$3,254 (-38.7%) | $4,678 – $7,400 | 84 |
| 3BR | $3,995 | −$1,505 (-27.4%) | −$4,404 (-52.4%) | $3,995 – $3,995 | 1 |
| 4BR | $8,750 | −$250 (-2.8%) | +$2,755 (+46.0%) | $7,425 – $8,750 | 3 |
| 4BR | $8,750 | −$250 (-2.8%) | +$2,755 (+46.0%) | $8,750 – $8,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,795 | +$355 (+19.8%) |
| Studio | $1,995 | $1,795 | +$200 (+11.1%) |
| 1BR | $2,598 | $2,095 | +$503 (+24.0%) |
| 1BR | $3,075 | $2,095 | +$980 (+46.8%) |
| 2BR | $3,800 | $2,833 | +$967 (+34.1%) |
| 2BR | $4,858 | $2,833 | +$2,025 (+71.5%) |
| 3BR | $5,145 | $3,950 | +$1,195 (+30.3%) |
| 3BR | $3,995 | $3,950 | +$45 (+1.1%) |
| 4BR | $8,750 | $4,999 | +$3,751 (+75.0%) |
| 4BR | $8,750 | $4,999 | +$3,751 (+75.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.