Monthly Rent Report
Santa Monica Rent Report — October 2024
Asking rents in ZIP 90405, Los Angeles, from 60 listings.
Median 1BR rent in Santa Monica was $2,885 in October 2024, up 22.2% (+$525) from September 2024 and down 0.3% year-over-year. The middle half of 1BR listings asked between $2,475 and $3,060. That puts Santa Monica $874 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 60 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | +$100 (+5.3%) | +$100 (+5.3%) | $1,995 – $1,995 | 1 |
| Studio | $1,350 | −$545 (-28.8%) | −$545 (-28.8%) | $1,350 – $1,873 | 11 |
| 1BR | $2,885 | +$525 (+22.2%) | −$10 (-0.3%) | $2,475 – $3,060 | 23 |
| 1BR | $2,999 | +$639 (+27.1%) | +$104 (+3.6%) | $2,999 – $2,999 | 1 |
| 2BR | $3,490 | −$105 (-2.9%) | −$110 (-3.1%) | $3,199 – $4,250 | 12 |
| 2BR | $4,925 | +$1,330 (+37.0%) | +$1,325 (+36.8%) | $4,710 – $5,139 | 2 |
| 3BR | $4,975 | +$1,880 (+60.7%) | −$625 (-11.2%) | $3,963 – $5,988 | 2 |
| 4BR | $12,500 | +$250 (+2.0%) | +$3,000 (+31.6%) | $12,125 – $14,000 | 8 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,700 | +$295 (+17.4%) |
| Studio | $1,350 | $1,700 | −$350 (-20.6%) |
| 1BR | $2,885 | $2,011 | +$874 (+43.4%) |
| 1BR | $2,999 | $2,011 | +$988 (+49.1%) |
| 2BR | $3,490 | $2,727 | +$763 (+28.0%) |
| 2BR | $4,925 | $2,727 | +$2,198 (+80.6%) |
| 3BR | $4,975 | $3,816 | +$1,159 (+30.4%) |
| 4BR | $12,500 | $5,225 | +$7,275 (+139.2%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.