Monthly Rent Report
Santa Monica Rent Report — September 2024
Asking rents in ZIP 90403, Los Angeles, from 45 listings.
Median 1BR rent in Santa Monica was $3,050 in September 2024, up 10.0% (+$278) from August 2024 and up 22.2% year-over-year. The middle half of 1BR listings asked between $3,050 and $3,995. That puts Santa Monica $1,052 above the Los Angeles citywide 1BR median of $1,999. The month's figures are based on 45 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,595 | +$945 (+57.3%) | +$620 (+31.4%) | $2,595 – $2,595 | 1 |
| 1BR | $3,050 | +$278 (+10.0%) | +$555 (+22.2%) | $3,050 – $3,995 | 13 |
| 1BR | $3,295 | +$523 (+18.8%) | +$800 (+32.1%) | $3,295 – $3,295 | 1 |
| 2BR | $5,995 | +$2,600 (+76.6%) | +$495 (+9.0%) | $5,995 – $5,995 | 1 |
| 2BR | $3,095 | −$300 (-8.8%) | −$2,405 (-43.7%) | $3,020 – $3,595 | 14 |
| 3BR | $6,473 | −$27 (-0.4%) | +$1,978 (+44.0%) | $5,734 – $7,211 | 2 |
| 4BR | $8,750 | +$1,255 (+16.7%) | −$6,250 (-41.7%) | $8,750 – $14,995 | 13 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — September 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,595 | $1,755 | +$840 (+47.9%) |
| 1BR | $3,050 | $1,999 | +$1,052 (+52.6%) |
| 1BR | $3,295 | $1,999 | +$1,297 (+64.9%) |
| 2BR | $5,995 | $2,795 | +$3,200 (+114.5%) |
| 2BR | $3,095 | $2,795 | +$300 (+10.7%) |
| 3BR | $6,473 | $3,850 | +$2,623 (+68.1%) |
| 4BR | $8,750 | $4,995 | +$3,755 (+75.2%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in September 2024.