The national rental market has begun to climb out of the winter season, with Santa Monica rent prices not immune to the increase.
According to a recent rent analysis from Apartment List, Santa Monica rent prices went up by 1.5% in March, with the median one-bedroom apartment rental costing $2,358 and the median two-bed up to $2,827.
The city’s uptick outpaced the national average, which increased by 0.6% in the month. Compared to this time in 2023, however, rent prices are down 4.3% in the city, per the Apartment List data.
thomas@smdp.com