Monthly Rent Report
Santa Monica Rent Report — February 2023
Asking rents in ZIP 90401, Los Angeles, from 256 listings.
Median 1BR rent in Santa Monica was $2,895 in February 2023, down 14.9% (−$505) from January 2023 and up 2.1% year-over-year. The middle half of 1BR listings asked between $2,895 and $2,895. That puts Santa Monica $770 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 256 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,380 | +$400 (+13.4%) | +$1,630 (+93.1%) | $2,499 – $4,110 | 37 |
| Studio | $1,850 | −$1,130 (-37.9%) | +$100 (+5.7%) | $1,850 – $1,850 | 1 |
| 1BR | $2,895 | −$505 (-14.9%) | +$59 (+2.1%) | $2,895 – $2,895 | 1 |
| 1BR | $3,404 | +$4 (+0.1%) | +$568 (+20.0%) | $2,895 – $4,267 | 118 |
| 2BR | $3,200 | −$1,700 (-34.7%) | −$3,095 (-49.2%) | $3,200 – $3,200 | 1 |
| 2BR | $5,100 | +$200 (+4.1%) | −$1,195 (-19.0%) | $3,995 – $6,800 | 69 |
| 3BR | $13,250 | +$2,750 (+26.2%) | +$6,651 (+100.8%) | $8,002 – $14,358 | 10 |
| 3BR | $13,500 | +$3,000 (+28.6%) | +$6,901 (+104.6%) | $10,559 – $14,237 | 15 |
| 4BR | $14,000 | — | — | $14,000 – $14,000 | 2 |
| 4BR | $14,000 | — | — | $14,000 – $14,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,380 | $1,795 | +$1,585 (+88.3%) |
| Studio | $1,850 | $1,795 | +$55 (+3.1%) |
| 1BR | $2,895 | $2,125 | +$770 (+36.2%) |
| 1BR | $3,404 | $2,125 | +$1,279 (+60.2%) |
| 2BR | $3,200 | $2,773 | +$427 (+15.4%) |
| 2BR | $5,100 | $2,773 | +$2,327 (+83.9%) |
| 3BR | $13,250 | $3,850 | +$9,400 (+244.2%) |
| 3BR | $13,500 | $3,850 | +$9,650 (+250.6%) |
| 4BR | $14,000 | $4,695 | +$9,305 (+198.2%) |
| 4BR | $14,000 | $4,695 | +$9,305 (+198.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.