Monthly Rent Report
Santa Monica Rent Report — August 2024
Asking rents in ZIP 90405, Los Angeles, from 23 listings.
Median 1BR rent in Santa Monica was $2,325 in August 2024, down 10.4% (−$270) from July 2024 and down 33.5% year-over-year. The middle half of 1BR listings asked between $2,325 and $2,325. That puts Santa Monica $230 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 23 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$201 (-10.1%) | +$20 (+1.1%) | $1,795 – $1,795 | 1 |
| 1BR | $2,325 | −$270 (-10.4%) | −$1,170 (-33.5%) | $2,325 – $2,325 | 1 |
| 2BR | $3,595 | −$3,355 (-48.3%) | −$2,905 (-44.7%) | $3,295 – $3,800 | 5 |
| 2BR | $3,438 | −$3,512 (-50.5%) | −$3,062 (-47.1%) | $3,280 – $3,538 | 4 |
| 3BR | $3,495 | −$3,255 (-48.2%) | −$3,255 (-48.2%) | $3,495 – $3,495 | 1 |
| 4BR | $11,000 | −$5,900 (-34.9%) | +$1,500 (+15.8%) | $11,000 – $12,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| 1BR | $2,325 | $2,095 | +$230 (+11.0%) |
| 2BR | $3,595 | $2,795 | +$800 (+28.6%) |
| 2BR | $3,438 | $2,795 | +$643 (+23.0%) |
| 3BR | $3,495 | $4,000 | −$505 (-12.6%) |
| 4BR | $11,000 | $4,895 | +$6,105 (+124.7%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.