Monthly Rent Report
Santa Monica Rent Report — July 2024
Asking rents in ZIP 90404, Los Angeles, from 159 listings.
Median 1BR rent in Santa Monica was $3,437 in July 2024, up 52.8% (+$1,187) from June 2024 and up 32.4% year-over-year. The middle half of 1BR listings asked between $2,495 and $3,650. That puts Santa Monica $1,342 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 159 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,687 | +$1,087 (+67.9%) | −$313 (-10.4%) | $2,250 – $2,928 | 56 |
| Studio | $1,995 | +$395 (+24.7%) | −$1,005 (-33.5%) | $1,995 – $1,995 | 1 |
| 1BR | $3,437 | +$1,187 (+52.8%) | +$842 (+32.4%) | $2,495 – $3,650 | 77 |
| 1BR | $2,445 | +$195 (+8.7%) | −$150 (-5.8%) | $2,270 – $2,620 | 2 |
| 2BR | $3,395 | +$195 (+6.1%) | −$80 (-2.3%) | $3,220 – $3,395 | 12 |
| 2BR | $2,795 | −$405 (-12.7%) | −$680 (-19.6%) | $2,795 – $2,795 | 1 |
| 3BR | $4,650 | −$335 (-6.7%) | −$300 (-6.1%) | $4,025 – $5,275 | 2 |
| 3BR | $4,095 | −$890 (-17.9%) | −$855 (-17.3%) | $4,095 – $4,095 | 1 |
| 4BR | $5,995 | +$500 (+9.1%) | −$2,505 (-29.5%) | $5,959 – $7,621 | 4 |
| 4BR | $5,280 | −$215 (-3.9%) | −$3,220 (-37.9%) | $5,280 – $5,330 | 3 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,687 | $1,778 | +$909 (+51.1%) |
| Studio | $1,995 | $1,778 | +$217 (+12.2%) |
| 1BR | $3,437 | $2,095 | +$1,342 (+64.1%) |
| 1BR | $2,445 | $2,095 | +$350 (+16.7%) |
| 2BR | $3,395 | $2,835 | +$560 (+19.8%) |
| 2BR | $2,795 | $2,835 | −$40 (-1.4%) |
| 3BR | $4,650 | $3,900 | +$750 (+19.2%) |
| 3BR | $4,095 | $3,900 | +$195 (+5.0%) |
| 4BR | $5,995 | $5,270 | +$725 (+13.8%) |
| 4BR | $5,280 | $5,270 | +$10 (+0.2%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.