Monthly Rent Report
Santa Monica Rent Report — July 2024
Asking rents in ZIP 90403, Los Angeles, from 307 listings.
Median 1BR rent in Santa Monica was $3,100 in July 2024, up 0.2% (+$5) from June 2024 and down 5.3% year-over-year. The middle half of 1BR listings asked between $3,100 and $3,100. That puts Santa Monica $1,005 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 307 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,860 | +$1,260 (+78.8%) | +$763 (+36.4%) | $2,113 – $3,110 | 62 |
| Studio | $1,797 | +$197 (+12.3%) | −$300 (-14.3%) | $1,748 – $1,846 | 2 |
| 1BR | $3,100 | +$5 (+0.2%) | −$172 (-5.3%) | $3,100 – $3,100 | 1 |
| 1BR | $2,695 | −$400 (-12.9%) | −$577 (-17.6%) | $2,695 – $2,695 | 1 |
| 2BR | $5,535 | +$1,740 (+45.8%) | +$1,540 (+38.5%) | $4,336 – $6,500 | 168 |
| 2BR | $4,595 | +$800 (+21.1%) | +$600 (+15.0%) | $4,195 – $4,995 | 2 |
| 3BR | $5,645 | $0 (0.0%) | −$4,530 (-44.5%) | $5,535 – $6,537 | 64 |
| 3BR | $6,895 | +$1,250 (+22.1%) | −$3,280 (-32.2%) | $6,895 – $6,895 | 1 |
| 4BR | $15,900 | +$6,400 (+67.4%) | +$8,000 (+101.3%) | $15,900 – $15,900 | 2 |
| 4BR | $13,950 | +$4,450 (+46.8%) | +$6,050 (+76.6%) | $12,475 – $15,425 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,860 | $1,778 | +$1,082 (+60.8%) |
| Studio | $1,797 | $1,778 | +$19 (+1.1%) |
| 1BR | $3,100 | $2,095 | +$1,005 (+48.0%) |
| 1BR | $2,695 | $2,095 | +$600 (+28.6%) |
| 2BR | $5,535 | $2,835 | +$2,700 (+95.2%) |
| 2BR | $4,595 | $2,835 | +$1,760 (+62.1%) |
| 3BR | $5,645 | $3,900 | +$1,745 (+44.7%) |
| 3BR | $6,895 | $3,900 | +$2,995 (+76.8%) |
| 4BR | $15,900 | $5,270 | +$10,630 (+201.7%) |
| 4BR | $13,950 | $5,270 | +$8,680 (+164.7%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.