Monthly Rent Report
Santa Monica Rent Report — November 2024
Asking rents in ZIP 90405, Los Angeles, from 50 listings.
Median 1BR rent in Santa Monica was $2,395 in November 2024, down 20.1% (−$604) from October 2024 and down 36.1% year-over-year. The middle half of 1BR listings asked between $2,395 and $2,395. That puts Santa Monica $323 above the Los Angeles citywide 1BR median of $2,073. The month's figures are based on 50 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | +$750 (+55.6%) | +$205 (+10.8%) | $2,100 – $2,100 | 1 |
| 1BR | $2,395 | −$604 (-20.1%) | −$1,352 (-36.1%) | $2,395 – $2,395 | 1 |
| 1BR | $2,595 | −$404 (-13.5%) | −$1,152 (-30.8%) | $2,495 – $3,200 | 13 |
| 2BR | $3,500 | −$1,424 (-28.9%) | −$595 (-14.5%) | $2,695 – $4,100 | 18 |
| 2BR | $3,795 | −$1,129 (-22.9%) | −$300 (-7.3%) | $3,745 – $3,845 | 2 |
| 3BR | $6,250 | +$1,275 (+25.6%) | +$1,255 (+25.1%) | $6,250 – $6,250 | 1 |
| 4BR | $14,000 | +$1,500 (+12.0%) | −$2,000 (-12.5%) | $9,250 – $17,500 | 11 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2024
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,750 | +$350 (+20.0%) |
| 1BR | $2,395 | $2,073 | +$323 (+15.6%) |
| 1BR | $2,595 | $2,073 | +$523 (+25.2%) |
| 2BR | $3,500 | $2,850 | +$650 (+22.8%) |
| 2BR | $3,795 | $2,850 | +$945 (+33.2%) |
| 3BR | $6,250 | $3,895 | +$2,355 (+60.5%) |
| 4BR | $14,000 | $5,220 | +$8,781 (+168.2%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in November 2024.