Monthly Rent Report
Santa Monica Rent Report — August 2024
Asking rents in ZIP 90404, Los Angeles, from 41 listings.
Median 1BR rent in Santa Monica was $2,250 in August 2024, down 8.0% (−$195) from July 2024 and up 2.5% year-over-year. The middle half of 1BR listings asked between $2,250 and $2,250. That puts Santa Monica $155 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 41 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | −$837 (-31.1%) | −$145 (-7.3%) | $1,850 – $1,850 | 6 |
| Studio | $2,295 | −$392 (-14.6%) | +$300 (+15.0%) | $2,295 – $2,295 | 1 |
| 1BR | $2,250 | −$195 (-8.0%) | +$55 (+2.5%) | $2,250 – $2,250 | 2 |
| 1BR | $2,250 | −$195 (-8.0%) | +$55 (+2.5%) | $2,250 – $2,995 | 8 |
| 2BR | $2,895 | −$500 (-14.7%) | −$2,985 (-50.8%) | $2,820 – $2,895 | 10 |
| 2BR | $2,995 | −$400 (-11.8%) | −$2,885 (-49.1%) | $2,995 – $2,995 | 1 |
| 3BR | $4,495 | −$155 (-3.3%) | −$3,127 (-41.0%) | $4,495 – $4,495 | 1 |
| 4BR | $5,825 | −$170 (-2.8%) | −$1,175 (-16.8%) | $5,495 – $5,935 | 12 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| Studio | $2,295 | $1,750 | +$545 (+31.1%) |
| 1BR | $2,250 | $2,095 | +$155 (+7.4%) |
| 1BR | $2,250 | $2,095 | +$155 (+7.4%) |
| 2BR | $2,895 | $2,795 | +$100 (+3.6%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 3BR | $4,495 | $4,000 | +$495 (+12.4%) |
| 4BR | $5,825 | $4,895 | +$930 (+19.0%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.