Monthly Rent Report
Santa Monica Rent Report — April 2024
Asking rents in ZIP 90405, Los Angeles, from 734 listings.
Median 1BR rent in Santa Monica was $2,195 in April 2024, down 24.3% (−$705) from March 2024 and down 21.5% year-over-year. The middle half of 1BR listings asked between $2,195 and $2,195. That puts Santa Monica $100 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 734 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,450 | +$75 (+3.2%) | +$255 (+11.6%) | $1,995 – $2,760 | 45 |
| Studio | $2,100 | −$275 (-11.6%) | −$95 (-4.3%) | $1,995 – $2,599 | 59 |
| 1BR | $2,195 | −$705 (-24.3%) | −$600 (-21.5%) | $2,195 – $2,195 | 1 |
| 1BR | $2,950 | +$50 (+1.7%) | +$155 (+5.5%) | $2,495 – $3,498 | 267 |
| 2BR | $4,412 | +$912 (+26.1%) | −$88 (-2.0%) | $3,500 – $5,750 | 210 |
| 2BR | $3,595 | +$95 (+2.7%) | −$905 (-20.1%) | $3,595 – $3,595 | 1 |
| 3BR | $2,795 | −$4,955 (-63.9%) | −$3,580 (-56.2%) | $2,795 – $2,795 | 1 |
| 3BR | $7,000 | −$750 (-9.7%) | +$625 (+9.8%) | $5,723 – $9,000 | 101 |
| 4BR | $15,500 | +$3,000 (+24.0%) | +$6,550 (+73.2%) | $13,500 – $17,000 | 10 |
| 4BR | $16,500 | +$4,000 (+32.0%) | +$7,550 (+84.4%) | $13,500 – $17,000 | 26 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,450 | $1,795 | +$655 (+36.5%) |
| Studio | $2,100 | $1,795 | +$305 (+17.0%) |
| 1BR | $2,195 | $2,095 | +$100 (+4.8%) |
| 1BR | $2,950 | $2,095 | +$855 (+40.8%) |
| 2BR | $4,412 | $2,833 | +$1,579 (+55.7%) |
| 2BR | $3,595 | $2,833 | +$762 (+26.9%) |
| 3BR | $2,795 | $3,950 | −$1,155 (-29.2%) |
| 3BR | $7,000 | $3,950 | +$3,050 (+77.2%) |
| 4BR | $15,500 | $4,999 | +$10,501 (+210.1%) |
| 4BR | $16,500 | $4,999 | +$11,501 (+230.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.