Monthly Rent Report
Santa Monica Rent Report — June 2024
Asking rents in ZIP 90405, Los Angeles, from 466 listings.
Median 1BR rent in Santa Monica was $2,400 in June 2024, down 47.8% (−$2,200) from May 2024 and down 43.2% year-over-year. The middle half of 1BR listings asked between $2,275 and $2,525. That puts Santa Monica $300 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 466 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$400 (-16.7%) | −$180 (-8.3%) | $1,995 – $1,995 | 1 |
| Studio | $2,118 | −$277 (-11.6%) | −$57 (-2.6%) | $1,995 – $2,514 | 49 |
| 1BR | $2,400 | −$2,200 (-47.8%) | −$1,822 (-43.2%) | $2,275 – $2,525 | 2 |
| 1BR | $2,800 | −$1,800 (-39.1%) | −$1,422 (-33.7%) | $2,495 – $3,425 | 281 |
| 2BR | $3,000 | −$800 (-21.1%) | −$1,450 (-32.6%) | $2,998 – $3,125 | 3 |
| 2BR | $2,495 | −$1,305 (-34.3%) | −$1,955 (-43.9%) | $2,495 – $4,295 | 5 |
| 3BR | $6,195 | −$1,305 (-17.4%) | −$2,305 (-27.1%) | $5,550 – $7,950 | 77 |
| 3BR | $5,975 | −$1,525 (-20.3%) | −$2,525 (-29.7%) | $5,975 – $5,975 | 1 |
| 4BR | $12,950 | −$4,050 (-23.8%) | +$3,800 (+41.5%) | $12,000 – $13,500 | 17 |
| 4BR | $12,950 | −$4,050 (-23.8%) | +$3,800 (+41.5%) | $12,000 – $13,500 | 18 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,759 | +$236 (+13.4%) |
| Studio | $2,118 | $1,759 | +$359 (+20.4%) |
| 1BR | $2,400 | $2,100 | +$300 (+14.3%) |
| 1BR | $2,800 | $2,100 | +$700 (+33.3%) |
| 2BR | $3,000 | $2,885 | +$115 (+4.0%) |
| 2BR | $2,495 | $2,885 | −$390 (-13.5%) |
| 3BR | $6,195 | $3,900 | +$2,295 (+58.8%) |
| 3BR | $5,975 | $3,900 | +$2,075 (+53.2%) |
| 4BR | $12,950 | $5,000 | +$7,950 (+159.0%) |
| 4BR | $12,950 | $5,000 | +$7,950 (+159.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.