Monthly Rent Report
Santa Monica Rent Report — May 2024
Asking rents in ZIP 90404, Los Angeles, from 613 listings.
Median 1BR rent in Santa Monica was $2,695 in May 2024, up 35.1% (+$700) from April 2024 and up 14.7% year-over-year. The middle half of 1BR listings asked between $2,695 and $2,695. That puts Santa Monica $600 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 613 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,925 | −$999 (-34.2%) | +$30 (+1.6%) | $1,888 – $2,213 | 3 |
| Studio | $2,795 | −$129 (-4.4%) | +$900 (+47.5%) | $2,600 – $2,924 | 183 |
| 1BR | $2,695 | +$700 (+35.1%) | +$345 (+14.7%) | $2,695 – $2,695 | 1 |
| 1BR | $3,500 | +$1,505 (+75.4%) | +$1,150 (+48.9%) | $3,500 – $3,500 | 3 |
| 2BR | $3,995 | +$400 (+11.1%) | −$404 (-9.2%) | $3,493 – $4,475 | 319 |
| 2BR | $2,645 | −$950 (-26.4%) | −$1,754 (-39.9%) | $2,595 – $2,695 | 6 |
| 3BR | $5,005 | +$56 (+1.1%) | −$744 (-12.9%) | $4,636 – $6,069 | 84 |
| 3BR | $4,075 | −$874 (-17.7%) | −$1,674 (-29.1%) | $3,988 – $4,163 | 2 |
| 4BR | $6,225 | +$675 (+12.2%) | +$2,930 (+88.9%) | $5,663 – $6,600 | 4 |
| 4BR | $6,225 | +$675 (+12.2%) | +$2,930 (+88.9%) | $6,088 – $6,363 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,925 | $1,795 | +$130 (+7.2%) |
| Studio | $2,795 | $1,795 | +$1,000 (+55.7%) |
| 1BR | $2,695 | $2,095 | +$600 (+28.6%) |
| 1BR | $3,500 | $2,095 | +$1,405 (+67.1%) |
| 2BR | $3,995 | $2,850 | +$1,145 (+40.2%) |
| 2BR | $2,645 | $2,850 | −$205 (-7.2%) |
| 3BR | $5,005 | $3,969 | +$1,037 (+26.1%) |
| 3BR | $4,075 | $3,969 | +$107 (+2.7%) |
| 4BR | $6,225 | $5,175 | +$1,050 (+20.3%) |
| 4BR | $6,225 | $5,175 | +$1,050 (+20.3%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.