Monthly Rent Report
Santa Monica Rent Report — July 2024
Asking rents in ZIP 90405, Los Angeles, from 57 listings.
Median 1BR rent in Santa Monica was $2,595 in July 2024, up 8.1% (+$195) from June 2024 and down 11.3% year-over-year. The middle half of 1BR listings asked between $2,595 and $2,595. That puts Santa Monica $500 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 57 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,996 | +$1 (+0.0%) | −$154 (-7.2%) | $1,996 – $1,996 | 1 |
| Studio | $1,695 | −$300 (-15.0%) | −$455 (-21.2%) | $1,695 – $1,695 | 6 |
| 1BR | $2,595 | +$195 (+8.1%) | −$330 (-11.3%) | $2,595 – $2,595 | 5 |
| 1BR | $2,595 | +$195 (+8.1%) | −$330 (-11.3%) | $2,595 – $2,595 | 1 |
| 2BR | $6,950 | +$3,950 (+131.7%) | −$1,850 (-21.0%) | $3,850 – $6,950 | 5 |
| 2BR | $4,695 | +$1,695 (+56.5%) | −$4,105 (-46.6%) | $4,695 – $4,695 | 1 |
| 3BR | $6,750 | +$555 (+9.0%) | +$450 (+7.1%) | $5,663 – $8,850 | 23 |
| 3BR | $4,995 | −$1,200 (-19.4%) | −$1,305 (-20.7%) | $4,995 – $4,995 | 1 |
| 4BR | $12,950 | $0 (0.0%) | −$2,050 (-13.7%) | $12,950 – $13,500 | 5 |
| 4BR | $16,900 | +$3,950 (+30.5%) | +$1,900 (+12.7%) | $16,900 – $16,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,996 | $1,778 | +$218 (+12.2%) |
| Studio | $1,695 | $1,778 | −$83 (-4.7%) |
| 1BR | $2,595 | $2,095 | +$500 (+23.9%) |
| 1BR | $2,595 | $2,095 | +$500 (+23.9%) |
| 2BR | $6,950 | $2,835 | +$4,115 (+145.1%) |
| 2BR | $4,695 | $2,835 | +$1,860 (+65.6%) |
| 3BR | $6,750 | $3,900 | +$2,850 (+73.1%) |
| 3BR | $4,995 | $3,900 | +$1,095 (+28.1%) |
| 4BR | $12,950 | $5,270 | +$7,680 (+145.7%) |
| 4BR | $16,900 | $5,270 | +$11,630 (+220.7%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.