Monthly Rent Report
Santa Monica Rent Report — January 2024
Asking rents in ZIP 90404, Los Angeles, from 389 listings.
Median 1BR rent in Santa Monica was $2,450 in January 2024, up 21.0% (+$425) from December 2023 and down 7.4% year-over-year. The middle half of 1BR listings asked between $2,350 and $3,450. That puts Santa Monica $354 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 389 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | +$205 (+12.9%) | −$1,334 (-42.6%) | $1,750 – $1,881 | 4 |
| Studio | $2,495 | +$900 (+56.4%) | −$639 (-20.4%) | $1,890 – $3,100 | 47 |
| 1BR | $2,450 | +$425 (+21.0%) | −$195 (-7.4%) | $2,350 – $3,450 | 123 |
| 1BR | $2,350 | +$325 (+16.0%) | −$295 (-11.2%) | $2,300 – $2,813 | 4 |
| 2BR | $3,999 | +$18 (+0.5%) | −$196 (-4.7%) | $3,100 – $4,650 | 137 |
| 2BR | $4,195 | +$214 (+5.4%) | $0 (0.0%) | $4,195 – $4,195 | 1 |
| 3BR | $6,000 | +$400 (+7.1%) | +$201 (+3.5%) | $6,000 – $6,000 | 1 |
| 3BR | $5,005 | −$595 (-10.6%) | −$794 (-13.7%) | $4,100 – $5,642 | 51 |
| 4BR | $5,000 | — | −$900 (-15.3%) | $4,900 – $5,763 | 11 |
| 4BR | $5,275 | — | −$625 (-10.6%) | $4,850 – $5,550 | 6 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,750 | +$50 (+2.9%) |
| Studio | $2,495 | $1,750 | +$745 (+42.6%) |
| 1BR | $2,450 | $2,097 | +$354 (+16.9%) |
| 1BR | $2,350 | $2,097 | +$254 (+12.1%) |
| 2BR | $3,999 | $2,795 | +$1,204 (+43.1%) |
| 2BR | $4,195 | $2,795 | +$1,400 (+50.1%) |
| 3BR | $6,000 | $3,950 | +$2,050 (+51.9%) |
| 3BR | $5,005 | $3,950 | +$1,055 (+26.7%) |
| 4BR | $5,000 | $5,200 | −$200 (-3.8%) |
| 4BR | $5,275 | $5,200 | +$75 (+1.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.