Monthly Rent Report
Santa Monica Rent Report — April 2024
Asking rents in ZIP 90404, Los Angeles, from 770 listings.
Median 1BR rent in Santa Monica was $3,000 in April 2024, down 5.4% (−$170) from March 2024 and down 11.8% year-over-year. The middle half of 1BR listings asked between $2,456 and $3,468. That puts Santa Monica $905 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 770 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,795 | −$100 (-3.5%) | −$302 (-9.8%) | $2,495 – $2,995 | 163 |
| Studio | $2,924 | +$29 (+1.0%) | −$173 (-5.6%) | $2,691 – $3,075 | 197 |
| 1BR | $3,000 | −$170 (-5.4%) | −$400 (-11.8%) | $2,456 – $3,468 | 298 |
| 1BR | $1,995 | −$1,175 (-37.1%) | −$1,405 (-41.3%) | $1,945 – $2,245 | 3 |
| 2BR | $4,145 | +$1,150 (+38.4%) | +$1,050 (+33.9%) | $4,145 – $4,145 | 1 |
| 2BR | $3,595 | +$600 (+20.0%) | +$500 (+16.2%) | $3,595 – $3,595 | 1 |
| 3BR | $4,949 | +$849 (+20.7%) | +$699 (+16.4%) | $4,695 – $5,200 | 82 |
| 3BR | $4,300 | +$200 (+4.9%) | +$50 (+1.2%) | $4,300 – $4,300 | 1 |
| 4BR | $4,550 | −$725 (-13.7%) | −$950 (-17.3%) | $4,300 – $5,363 | 6 |
| 4BR | $5,550 | +$275 (+5.2%) | +$50 (+0.9%) | $4,500 – $6,735 | 9 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,795 | $1,795 | +$1,000 (+55.7%) |
| Studio | $2,924 | $1,795 | +$1,129 (+62.9%) |
| 1BR | $3,000 | $2,095 | +$905 (+43.2%) |
| 1BR | $1,995 | $2,095 | −$100 (-4.8%) |
| 2BR | $4,145 | $2,833 | +$1,312 (+46.3%) |
| 2BR | $3,595 | $2,833 | +$762 (+26.9%) |
| 3BR | $4,949 | $3,950 | +$999 (+25.3%) |
| 3BR | $4,300 | $3,950 | +$350 (+8.9%) |
| 4BR | $4,550 | $4,999 | −$449 (-9.0%) |
| 4BR | $5,550 | $4,999 | +$551 (+11.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.