Monthly Rent Report
Santa Monica Rent Report — March 2024
Asking rents in ZIP 90405, Los Angeles, from 477 listings.
Median 1BR rent in Santa Monica was $2,900 in March 2024, up 0.2% (+$5) from February 2024 and up 0.0% year-over-year. The middle half of 1BR listings asked between $2,595 and $3,495. That puts Santa Monica $755 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 477 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$245 (-12.3%) | −$445 (-20.3%) | $1,750 – $1,750 | 1 |
| Studio | $2,375 | +$380 (+19.0%) | +$180 (+8.2%) | $1,843 – $2,935 | 26 |
| 1BR | $2,900 | +$5 (+0.2%) | +$1 (+0.0%) | $2,595 – $3,495 | 180 |
| 1BR | $2,895 | $0 (0.0%) | −$4 (-0.1%) | $2,895 – $2,895 | 1 |
| 2BR | $4,500 | −$2,300 (-33.8%) | +$78 (+1.8%) | $3,594 – $5,250 | 180 |
| 2BR | $3,500 | −$3,300 (-48.5%) | −$922 (-20.9%) | $3,500 – $3,500 | 1 |
| 3BR | $7,750 | +$755 (+10.8%) | +$2,150 (+38.4%) | $7,750 – $7,750 | 1 |
| 3BR | $6,795 | −$200 (-2.9%) | +$1,195 (+21.3%) | $5,650 – $7,950 | 49 |
| 4BR | $12,500 | −$2,400 (-16.1%) | +$2,900 (+30.2%) | $7,250 – $15,250 | 8 |
| 4BR | $13,500 | −$1,400 (-9.4%) | +$3,900 (+40.6%) | $8,313 – $16,875 | 10 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,723 | +$28 (+1.6%) |
| Studio | $2,375 | $1,723 | +$653 (+37.9%) |
| 1BR | $2,900 | $2,145 | +$755 (+35.2%) |
| 1BR | $2,895 | $2,145 | +$750 (+35.0%) |
| 2BR | $4,500 | $2,850 | +$1,650 (+57.9%) |
| 2BR | $3,500 | $2,850 | +$650 (+22.8%) |
| 3BR | $7,750 | $3,762 | +$3,988 (+106.0%) |
| 3BR | $6,795 | $3,762 | +$3,033 (+80.6%) |
| 4BR | $12,500 | $4,950 | +$7,550 (+152.5%) |
| 4BR | $13,500 | $4,950 | +$8,550 (+172.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.