Monthly Rent Report
Santa Monica Rent Report — January 2024
Asking rents in ZIP 90405, Los Angeles, from 253 listings.
Median 1BR rent in Santa Monica was $3,445 in January 2024, down 1.6% (−$55) from December 2023 and up 3.7% year-over-year. The middle half of 1BR listings asked between $3,420 and $3,470. That puts Santa Monica $1,349 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 253 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | −$255 (-13.1%) | −$105 (-5.8%) | $1,695 – $1,695 | 3 |
| Studio | $2,150 | +$200 (+10.3%) | +$350 (+19.4%) | $1,858 – $2,538 | 20 |
| 1BR | $3,445 | −$55 (-1.6%) | +$123 (+3.7%) | $3,420 – $3,470 | 2 |
| 1BR | $2,649 | −$851 (-24.3%) | −$673 (-20.3%) | $2,350 – $3,434 | 97 |
| 2BR | $4,000 | +$278 (+7.5%) | +$550 (+15.9%) | $3,324 – $5,456 | 90 |
| 2BR | $3,450 | −$272 (-7.3%) | $0 (0.0%) | $3,100 – $5,375 | 3 |
| 3BR | $7,450 | +$4,155 (+126.1%) | −$245 (-3.2%) | $5,663 – $14,500 | 19 |
| 3BR | $8,500 | +$5,205 (+158.0%) | +$805 (+10.5%) | $8,500 – $8,500 | 1 |
| 4BR | $14,500 | +$1,000 (+7.4%) | +$5,000 (+52.6%) | $14,500 – $14,500 | 3 |
| 4BR | $12,500 | −$1,000 (-7.4%) | +$3,000 (+31.6%) | $9,500 – $14,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,750 | −$55 (-3.1%) |
| Studio | $2,150 | $1,750 | +$400 (+22.9%) |
| 1BR | $3,445 | $2,097 | +$1,349 (+64.3%) |
| 1BR | $2,649 | $2,097 | +$553 (+26.4%) |
| 2BR | $4,000 | $2,795 | +$1,205 (+43.1%) |
| 2BR | $3,450 | $2,795 | +$655 (+23.4%) |
| 3BR | $7,450 | $3,950 | +$3,500 (+88.6%) |
| 3BR | $8,500 | $3,950 | +$4,550 (+115.2%) |
| 4BR | $14,500 | $5,200 | +$9,300 (+178.8%) |
| 4BR | $12,500 | $5,200 | +$7,300 (+140.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.