Monthly Rent Report
Santa Monica Rent Report — May 2024
Asking rents in ZIP 90403, Los Angeles, from 1,060 listings.
Median 1BR rent in Santa Monica was $2,595 in May 2024, down 15.6% (−$480) from April 2024 and down 12.0% year-over-year. The middle half of 1BR listings asked between $2,595 and $2,595. That puts Santa Monica $500 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,060 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,123 | +$128 (+6.4%) | +$125 (+6.3%) | $2,109 – $2,136 | 2 |
| Studio | $2,125 | +$130 (+6.5%) | +$128 (+6.4%) | $1,950 – $2,845 | 66 |
| 1BR | $2,595 | −$480 (-15.6%) | −$352 (-12.0%) | $2,595 – $2,595 | 1 |
| 1BR | $3,295 | +$220 (+7.2%) | +$348 (+11.8%) | $2,750 – $4,295 | 396 |
| 2BR | $3,595 | −$1,263 (-26.0%) | −$227 (-6.0%) | $3,495 – $3,795 | 3 |
| 2BR | $5,200 | +$342 (+7.0%) | +$1,378 (+36.0%) | $4,150 – $6,475 | 465 |
| 3BR | $3,895 | −$100 (-2.5%) | −$3,605 (-48.1%) | $3,895 – $3,895 | 1 |
| 3BR | $6,475 | +$2,480 (+62.1%) | −$1,025 (-13.7%) | $5,195 – $8,788 | 114 |
| 4BR | $5,950 | −$2,800 (-32.0%) | −$1,950 (-24.7%) | $5,875 – $6,025 | 2 |
| 4BR | $5,950 | −$2,800 (-32.0%) | −$1,950 (-24.7%) | $5,875 – $6,025 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,123 | $1,795 | +$328 (+18.2%) |
| Studio | $2,125 | $1,795 | +$330 (+18.4%) |
| 1BR | $2,595 | $2,095 | +$500 (+23.9%) |
| 1BR | $3,295 | $2,095 | +$1,200 (+57.3%) |
| 2BR | $3,595 | $2,850 | +$745 (+26.1%) |
| 2BR | $5,200 | $2,850 | +$2,350 (+82.5%) |
| 3BR | $3,895 | $3,969 | −$73 (-1.9%) |
| 3BR | $6,475 | $3,969 | +$2,506 (+63.1%) |
| 4BR | $5,950 | $5,175 | +$775 (+15.0%) |
| 4BR | $5,950 | $5,175 | +$775 (+15.0%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.