Monthly Rent Report
Santa Monica Rent Report — March 2023
Asking rents in ZIP 90401, Los Angeles, from 494 listings.
Median 1BR rent in Santa Monica was $2,485 in March 2023, down 27.0% (−$919) from February 2023 and down 11.3% year-over-year. The middle half of 1BR listings asked between $2,440 and $2,530. That puts Santa Monica $388 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 494 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,383 | +$533 (+28.8%) | +$278 (+13.2%) | $2,383 – $2,383 | 1 |
| Studio | $2,755 | +$905 (+48.9%) | +$650 (+30.9%) | $2,450 – $3,971 | 49 |
| 1BR | $2,485 | −$919 (-27.0%) | −$315 (-11.3%) | $2,440 – $2,530 | 2 |
| 1BR | $3,299 | −$105 (-3.1%) | +$499 (+17.8%) | $2,781 – $3,695 | 235 |
| 2BR | $6,790 | +$1,690 (+33.1%) | −$2,110 (-23.7%) | $6,485 – $7,095 | 2 |
| 2BR | $4,475 | −$625 (-12.3%) | −$4,425 (-49.7%) | $3,823 – $7,479 | 148 |
| 3BR | $6,795 | −$6,705 (-49.7%) | +$2,200 (+47.9%) | $6,795 – $6,795 | 1 |
| 3BR | $12,500 | −$1,000 (-7.4%) | +$7,905 (+172.0%) | $10,400 – $13,995 | 41 |
| 4BR | $14,000 | $0 (0.0%) | — | $14,000 – $14,000 | 9 |
| 4BR | $14,000 | $0 (0.0%) | — | $14,000 – $14,000 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,383 | $1,745 | +$638 (+36.6%) |
| Studio | $2,755 | $1,745 | +$1,010 (+57.9%) |
| 1BR | $2,485 | $2,097 | +$388 (+18.5%) |
| 1BR | $3,299 | $2,097 | +$1,202 (+57.3%) |
| 2BR | $6,790 | $2,750 | +$4,040 (+146.9%) |
| 2BR | $4,475 | $2,750 | +$1,725 (+62.7%) |
| 3BR | $6,795 | $3,923 | +$2,873 (+73.2%) |
| 3BR | $12,500 | $3,923 | +$8,578 (+218.7%) |
| 4BR | $14,000 | $4,760 | +$9,240 (+194.1%) |
| 4BR | $14,000 | $4,760 | +$9,240 (+194.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.