Monthly Rent Report
Santa Monica Rent Report — June 2024
Asking rents in ZIP 90403, Los Angeles, from 1,205 listings.
Median 1BR rent in Santa Monica was $2,625 in June 2024, up 1.2% (+$30) from May 2024 and down 18.6% year-over-year. The middle half of 1BR listings asked between $2,625 and $2,625. That puts Santa Monica $525 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 1,205 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | −$525 (-24.7%) | −$495 (-23.6%) | $1,600 – $1,600 | 1 |
| Studio | $2,173 | +$48 (+2.2%) | +$78 (+3.7%) | $1,998 – $2,800 | 112 |
| 1BR | $2,625 | +$30 (+1.2%) | −$600 (-18.6%) | $2,625 – $2,625 | 1 |
| 1BR | $3,095 | +$500 (+19.3%) | −$130 (-4.0%) | $2,690 – $4,250 | 444 |
| 2BR | $3,795 | −$1,405 (-27.0%) | −$1,700 (-30.9%) | $3,795 – $3,795 | 1 |
| 2BR | $4,997 | −$203 (-3.9%) | −$498 (-9.1%) | $4,061 – $5,950 | 498 |
| 3BR | $5,645 | +$1,750 (+44.9%) | −$1,605 (-22.1%) | $5,019 – $8,038 | 132 |
| 3BR | $8,500 | +$4,605 (+118.2%) | +$1,250 (+17.2%) | $8,500 – $8,500 | 1 |
| 4BR | $9,500 | +$3,550 (+59.7%) | +$1,600 (+20.3%) | $9,500 – $9,500 | 1 |
| 4BR | $9,500 | +$3,550 (+59.7%) | +$1,600 (+20.3%) | $5,898 – $11,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,759 | −$159 (-9.0%) |
| Studio | $2,173 | $1,759 | +$414 (+23.5%) |
| 1BR | $2,625 | $2,100 | +$525 (+25.0%) |
| 1BR | $3,095 | $2,100 | +$995 (+47.4%) |
| 2BR | $3,795 | $2,885 | +$910 (+31.5%) |
| 2BR | $4,997 | $2,885 | +$2,112 (+73.2%) |
| 3BR | $5,645 | $3,900 | +$1,745 (+44.7%) |
| 3BR | $8,500 | $3,900 | +$4,600 (+117.9%) |
| 4BR | $9,500 | $5,000 | +$4,500 (+90.0%) |
| 4BR | $9,500 | $5,000 | +$4,500 (+90.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.