Monthly Rent Report
Santa Monica Rent Report — February 2024
Asking rents in ZIP 90405, Los Angeles, from 642 listings.
Median 1BR rent in Santa Monica was $2,900 in February 2024, up 9.5% (+$251) from January 2024 and down 18.8% year-over-year. The middle half of 1BR listings asked between $2,595 and $3,461. That puts Santa Monica $705 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 642 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | +$300 (+17.7%) | +$100 (+5.3%) | $1,844 – $2,511 | 52 |
| Studio | $1,750 | +$55 (+3.2%) | −$145 (-7.7%) | $1,750 – $1,750 | 1 |
| 1BR | $2,900 | +$251 (+9.5%) | −$672 (-18.8%) | $2,595 – $3,461 | 248 |
| 1BR | $2,895 | +$246 (+9.3%) | −$677 (-19.0%) | $2,895 – $2,895 | 1 |
| 2BR | $4,512 | +$512 (+12.8%) | −$285 (-6.0%) | $3,590 – $5,850 | 241 |
| 2BR | $6,800 | +$2,800 (+70.0%) | +$2,003 (+41.7%) | $6,800 – $6,800 | 1 |
| 3BR | $6,995 | −$455 (-6.1%) | −$527 (-7.0%) | $5,650 – $8,498 | 50 |
| 3BR | $7,500 | +$50 (+0.7%) | −$22 (-0.3%) | $7,500 – $7,500 | 1 |
| 4BR | $14,900 | +$2,400 (+19.2%) | +$3,400 (+29.6%) | $12,500 – $17,000 | 21 |
| 4BR | $16,500 | +$4,000 (+32.0%) | +$5,000 (+43.5%) | $12,750 – $17,000 | 10 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,750 | +$246 (+14.0%) |
| Studio | $1,750 | $1,750 | +$1 (+0.0%) |
| 1BR | $2,900 | $2,195 | +$705 (+32.1%) |
| 1BR | $2,895 | $2,195 | +$700 (+31.9%) |
| 2BR | $4,512 | $2,850 | +$1,662 (+58.3%) |
| 2BR | $6,800 | $2,850 | +$3,950 (+138.6%) |
| 3BR | $6,995 | $3,995 | +$3,000 (+75.1%) |
| 3BR | $7,500 | $3,995 | +$3,505 (+87.7%) |
| 4BR | $14,900 | $5,000 | +$9,900 (+198.0%) |
| 4BR | $16,500 | $5,000 | +$11,500 (+230.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.