Monthly Rent Report
Santa Monica Rent Report — June 2024
Asking rents in ZIP 90404, Los Angeles, from 393 listings.
Median 1BR rent in Santa Monica was $2,250 in June 2024, down 16.5% (−$445) from May 2024 and down 4.3% year-over-year. The middle half of 1BR listings asked between $2,250 and $2,250. That puts Santa Monica $150 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 393 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | −$1,195 (-42.8%) | −$1,570 (-49.5%) | $1,600 – $1,650 | 3 |
| Studio | $2,687 | −$108 (-3.9%) | −$483 (-15.2%) | $2,250 – $2,924 | 209 |
| 1BR | $2,250 | −$445 (-16.5%) | −$100 (-4.3%) | $2,250 – $2,250 | 1 |
| 1BR | $2,495 | −$200 (-7.4%) | +$145 (+6.2%) | $2,495 – $2,495 | 4 |
| 2BR | $3,995 | +$1,350 (+51.0%) | +$900 (+29.1%) | $3,995 – $3,995 | 1 |
| 2BR | $3,200 | +$555 (+21.0%) | +$105 (+3.4%) | $3,200 – $3,200 | 2 |
| 3BR | $4,985 | −$20 (-0.4%) | −$884 (-15.1%) | $4,399 – $5,749 | 156 |
| 3BR | $5,500 | +$495 (+9.9%) | −$369 (-6.3%) | $5,500 – $5,500 | 1 |
| 4BR | $6,430 | +$205 (+3.3%) | −$70 (-1.1%) | $5,995 – $6,496 | 10 |
| 4BR | $5,495 | −$730 (-11.7%) | −$1,005 (-15.5%) | $5,495 – $5,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,759 | −$159 (-9.0%) |
| Studio | $2,687 | $1,759 | +$928 (+52.8%) |
| 1BR | $2,250 | $2,100 | +$150 (+7.1%) |
| 1BR | $2,495 | $2,100 | +$395 (+18.8%) |
| 2BR | $3,995 | $2,885 | +$1,110 (+38.5%) |
| 2BR | $3,200 | $2,885 | +$315 (+10.9%) |
| 3BR | $4,985 | $3,900 | +$1,085 (+27.8%) |
| 3BR | $5,500 | $3,900 | +$1,600 (+41.0%) |
| 4BR | $6,430 | $5,000 | +$1,430 (+28.6%) |
| 4BR | $5,495 | $5,000 | +$495 (+9.9%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.