Monthly Rent Report
Santa Monica Rent Report — October 2024
Asking rents in ZIP 90403, Los Angeles, from 279 listings.
Median 1BR rent in Santa Monica was $2,860 in October 2024, down 6.2% (−$190) from September 2024 and down 4.5% year-over-year. The middle half of 1BR listings asked between $2,550 and $3,271. That puts Santa Monica $849 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 279 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,873 | −$722 (-27.8%) | −$227 (-10.8%) | $1,734 – $2,011 | 2 |
| Studio | $1,900 | −$695 (-26.8%) | −$200 (-9.5%) | $1,850 – $2,338 | 39 |
| 1BR | $2,860 | −$190 (-6.2%) | −$135 (-4.5%) | $2,550 – $3,271 | 118 |
| 1BR | $2,995 | −$55 (-1.8%) | $0 (0.0%) | $2,995 – $2,995 | 1 |
| 2BR | $3,600 | −$2,395 (-39.9%) | −$1,400 (-28.0%) | $2,800 – $4,095 | 95 |
| 2BR | $3,295 | −$2,700 (-45.0%) | −$1,705 (-34.1%) | $3,295 – $3,295 | 1 |
| 3BR | $4,995 | −$1,477 (-22.8%) | +$515 (+11.5%) | $4,510 – $4,999 | 15 |
| 3BR | $5,400 | −$1,072 (-16.6%) | +$920 (+20.5%) | $4,998 – $5,450 | 3 |
| 4BR | $14,995 | +$6,245 (+71.4%) | +$8,495 (+130.7%) | $13,850 – $14,995 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,873 | $1,700 | +$173 (+10.1%) |
| Studio | $1,900 | $1,700 | +$200 (+11.8%) |
| 1BR | $2,860 | $2,011 | +$849 (+42.2%) |
| 1BR | $2,995 | $2,011 | +$984 (+48.9%) |
| 2BR | $3,600 | $2,727 | +$873 (+32.0%) |
| 2BR | $3,295 | $2,727 | +$568 (+20.8%) |
| 3BR | $4,995 | $3,816 | +$1,179 (+30.9%) |
| 3BR | $5,400 | $3,816 | +$1,584 (+41.5%) |
| 4BR | $14,995 | $5,225 | +$9,770 (+187.0%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.