Monthly Rent Report
Santa Monica Rent Report — March 2024
Asking rents in ZIP 90404, Los Angeles, from 815 listings.
Median 1BR rent in Santa Monica was $3,170 in March 2024, up 6.4% (+$190) from February 2024 and down 8.1% year-over-year. The middle half of 1BR listings asked between $2,475 and $3,425. That puts Santa Monica $1,025 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 815 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,942 | +$1,447 (+96.8%) | +$947 (+47.4%) | $2,691 – $3,075 | 140 |
| Studio | $2,895 | +$1,400 (+93.6%) | +$900 (+45.1%) | $2,649 – $3,075 | 73 |
| 1BR | $3,170 | +$190 (+6.4%) | −$278 (-8.1%) | $2,475 – $3,425 | 218 |
| 1BR | $2,845 | −$135 (-4.5%) | −$603 (-17.5%) | $2,670 – $3,020 | 2 |
| 2BR | $2,995 | −$1,165 (-28.0%) | −$1,200 (-28.6%) | $2,895 – $3,595 | 3 |
| 2BR | $4,165 | +$5 (+0.1%) | −$30 (-0.7%) | $3,550 – $4,499 | 262 |
| 3BR | $4,100 | −$1,199 (-22.6%) | −$1,697 (-29.3%) | $4,100 – $4,100 | 1 |
| 3BR | $5,005 | −$294 (-5.5%) | −$792 (-13.7%) | $4,686 – $5,250 | 98 |
| 4BR | $5,488 | +$488 (+9.8%) | −$512 (-8.5%) | $4,825 – $7,100 | 8 |
| 4BR | $5,275 | +$275 (+5.5%) | −$725 (-12.1%) | $4,475 – $6,706 | 10 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,942 | $1,723 | +$1,219 (+70.8%) |
| Studio | $2,895 | $1,723 | +$1,173 (+68.1%) |
| 1BR | $3,170 | $2,145 | +$1,025 (+47.8%) |
| 1BR | $2,845 | $2,145 | +$700 (+32.6%) |
| 2BR | $2,995 | $2,850 | +$145 (+5.1%) |
| 2BR | $4,165 | $2,850 | +$1,315 (+46.1%) |
| 3BR | $4,100 | $3,762 | +$338 (+9.0%) |
| 3BR | $5,005 | $3,762 | +$1,243 (+33.0%) |
| 4BR | $5,488 | $4,950 | +$538 (+10.9%) |
| 4BR | $5,275 | $4,950 | +$325 (+6.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.