Monthly Rent Report
Santa Monica Rent Report — August 2024
Asking rents in ZIP 90403, Los Angeles, from 16 listings.
Median 1BR rent in Santa Monica was $3,199 in August 2024, up 3.2% (+$99) from July 2024 and up 25.7% year-over-year. The middle half of 1BR listings asked between $3,199 and $3,199. That puts Santa Monica $1,104 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 16 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$147 (-8.2%) | −$445 (-21.2%) | $1,650 – $1,650 | 1 |
| 1BR | $3,199 | +$99 (+3.2%) | +$654 (+25.7%) | $3,199 – $3,199 | 1 |
| 1BR | $2,773 | −$327 (-10.6%) | +$228 (+8.9%) | $2,711 – $2,834 | 2 |
| 2BR | $3,395 | −$2,140 (-38.7%) | +$70 (+2.1%) | $3,395 – $3,650 | 8 |
| 2BR | $5,050 | −$485 (-8.8%) | +$1,725 (+51.9%) | $5,050 – $5,050 | 1 |
| 3BR | $6,500 | +$855 (+15.1%) | +$550 (+9.2%) | $6,500 – $6,500 | 1 |
| 4BR | $7,495 | −$8,405 (-52.9%) | −$1,505 (-16.7%) | $7,495 – $7,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,750 | −$100 (-5.7%) |
| 1BR | $3,199 | $2,095 | +$1,104 (+52.7%) |
| 1BR | $2,773 | $2,095 | +$678 (+32.3%) |
| 2BR | $3,395 | $2,795 | +$600 (+21.5%) |
| 2BR | $5,050 | $2,795 | +$2,255 (+80.7%) |
| 3BR | $6,500 | $4,000 | +$2,500 (+62.5%) |
| 4BR | $7,495 | $4,895 | +$2,600 (+53.1%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.