Three months into the year, rents in Los Angeles have risen 0.8%. However, prices remain down 3.4% year-over-year. The decline may be attributed to a possible softening of demand amid population loss due to a recent exodus from parts of Southern California. As of April 2024, the overall median rent in the city stands at $2,083.

Santa Monica

After rising 1.5% over the course of March, prices remain down 4.3% year-over-year in Santa Monica. After prices skyrocketed in 2021 and 2022, the pendulum has been swinging back a bit over the past year and price growth has been kept in check by sluggish demand colliding with a robust supply of new inventory hitting the market. Currently, the median price in Santa Monica is $2,491 which is 14.4% greater than the price across the metro as a whole.

Culver City

Overall, rent has increased by 0.8% in Culver City over the last year. Studio apartments and 3 bedroom units have seen an increase while 1 and 2 bedroom units have fallen. Due to its vibrant arts scene and central location, Culver City has grown in popularity in recent years which is reflected in the fact that rents have increased in the area despite falling in the surrounding metro areas. The median rent in Culver City is $3,500 which is 75% higher than the national average.

Apartment Options

VOX

• Studio / 1 bath
• Sq Ft: 507
• Rent: $2,469

Harlow

• 1 bed / 1 bath
• Sq Ft: 659
• Rent: $3,430

Venue Residences

• 2 bed / 2 bath
• Sq Ft: 835
• Rent: $4,150

Lido Apartments - 4025 Grandview

• 3 bed / 3 bath
• Sq Ft: 1,650
• Rent: $4,995