Monthly Rent Report
Santa Monica Rent Report — May 2024
Asking rents in ZIP 90405, Los Angeles, from 368 listings.
Median 1BR rent in Santa Monica was $4,600 in May 2024, up 55.9% (+$1,650) from April 2024 and up 31.5% year-over-year. The middle half of 1BR listings asked between $2,495 and $4,600. That puts Santa Monica $2,505 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 368 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,520 | +$420 (+20.0%) | +$325 (+14.8%) | $2,366 – $2,550 | 4 |
| Studio | $2,395 | +$295 (+14.0%) | +$200 (+9.1%) | $1,995 – $2,666 | 36 |
| 1BR | $4,600 | +$1,650 (+55.9%) | +$1,101 (+31.5%) | $2,495 – $4,600 | 5 |
| 1BR | $2,100 | −$850 (-28.8%) | −$1,399 (-40.0%) | $2,100 – $2,100 | 1 |
| 2BR | $4,212 | +$617 (+17.2%) | −$423 (-9.1%) | $3,400 – $5,500 | 233 |
| 2BR | $3,800 | +$205 (+5.7%) | −$835 (-18.0%) | $3,800 – $3,800 | 1 |
| 3BR | $3,495 | −$3,505 (-50.1%) | −$2,005 (-36.5%) | $3,495 – $3,495 | 1 |
| 3BR | $7,500 | +$500 (+7.1%) | +$2,000 (+36.4%) | $5,663 – $11,000 | 55 |
| 4BR | $17,000 | +$500 (+3.0%) | +$8,005 (+89.0%) | $15,250 – $17,000 | 3 |
| 4BR | $13,500 | −$3,000 (-18.2%) | +$4,505 (+50.1%) | $12,500 – $16,750 | 17 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,520 | $1,795 | +$725 (+40.4%) |
| Studio | $2,395 | $1,795 | +$600 (+33.4%) |
| 1BR | $4,600 | $2,095 | +$2,505 (+119.6%) |
| 1BR | $2,100 | $2,095 | +$5 (+0.2%) |
| 2BR | $4,212 | $2,850 | +$1,362 (+47.8%) |
| 2BR | $3,800 | $2,850 | +$950 (+33.3%) |
| 3BR | $3,495 | $3,969 | −$473 (-11.9%) |
| 3BR | $7,500 | $3,969 | +$3,532 (+89.0%) |
| 4BR | $17,000 | $5,175 | +$11,825 (+228.5%) |
| 4BR | $13,500 | $5,175 | +$8,325 (+160.9%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.