Monthly Rent Report
Santa Monica Rent Report — February 2024
Asking rents in ZIP 90404, Los Angeles, from 814 listings.
Median 1BR rent in Santa Monica was $2,980 in February 2024, up 21.6% (+$530) from January 2024 and up 19.4% year-over-year. The middle half of 1BR listings asked between $2,400 and $3,462. That puts Santa Monica $785 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 814 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,924 | +$429 (+17.2%) | −$285 (-8.9%) | $1,850 – $3,075 | 105 |
| Studio | $1,495 | −$1,000 (-40.1%) | −$1,714 (-53.4%) | $1,495 – $1,548 | 3 |
| 1BR | $2,980 | +$530 (+21.6%) | +$485 (+19.4%) | $2,400 – $3,462 | 257 |
| 1BR | $2,199 | −$251 (-10.2%) | −$296 (-11.9%) | $2,199 – $2,199 | 1 |
| 2BR | $2,595 | −$1,404 (-35.1%) | −$1,325 (-33.8%) | $2,595 – $2,595 | 2 |
| 2BR | $4,160 | +$161 (+4.0%) | +$240 (+6.1%) | $3,306 – $4,663 | 350 |
| 3BR | $5,299 | −$701 (-11.7%) | +$549 (+11.6%) | $4,795 – $5,684 | 83 |
| 3BR | $4,795 | −$1,205 (-20.1%) | +$45 (+0.9%) | $4,320 – $6,773 | 3 |
| 4BR | $5,000 | $0 (0.0%) | −$3,500 (-41.2%) | $5,000 – $5,244 | 4 |
| 4BR | $5,000 | $0 (0.0%) | −$3,500 (-41.2%) | $5,000 – $5,244 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,924 | $1,750 | +$1,175 (+67.1%) |
| Studio | $1,495 | $1,750 | −$254 (-14.5%) |
| 1BR | $2,980 | $2,195 | +$785 (+35.8%) |
| 1BR | $2,199 | $2,195 | +$4 (+0.2%) |
| 2BR | $2,595 | $2,850 | −$255 (-8.9%) |
| 2BR | $4,160 | $2,850 | +$1,310 (+46.0%) |
| 3BR | $5,299 | $3,995 | +$1,304 (+32.6%) |
| 3BR | $4,795 | $3,995 | +$800 (+20.0%) |
| 4BR | $5,000 | $5,000 | $0 (0.0%) |
| 4BR | $5,000 | $5,000 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.