Monthly Rent Report
Santa Monica Rent Report — April 2023
Asking rents in ZIP 90401, Los Angeles, from 439 listings.
Median 1BR rent in Santa Monica was $6,195 in April 2023, up 87.8% (+$2,896) from March 2023 and up 175.3% year-over-year. The middle half of 1BR listings asked between $6,195 and $6,195. That puts Santa Monica $4,098 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 439 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,159 | −$224 (-9.4%) | +$5 (+0.2%) | $2,141 – $2,176 | 2 |
| Studio | $2,580 | +$197 (+8.3%) | +$426 (+19.8%) | $2,119 – $4,095 | 42 |
| 1BR | $6,195 | +$2,896 (+87.8%) | +$3,945 (+175.3%) | $6,195 – $6,195 | 1 |
| 1BR | $3,363 | +$64 (+1.9%) | +$1,113 (+49.5%) | $2,995 – $3,995 | 236 |
| 2BR | $7,500 | +$3,026 (+67.6%) | −$1,400 (-15.7%) | $7,500 – $7,500 | 1 |
| 2BR | $5,830 | +$1,356 (+30.3%) | −$3,070 (-34.5%) | $4,131 – $7,995 | 116 |
| 3BR | $5,300 | −$7,200 (-57.6%) | −$1,450 (-21.5%) | $5,300 – $5,300 | 1 |
| 3BR | $10,461 | −$2,039 (-16.3%) | +$3,711 (+55.0%) | $6,795 – $12,000 | 37 |
| 4BR | $7,250 | −$6,750 (-48.2%) | — | $7,250 – $7,250 | 2 |
| 4BR | $7,250 | −$6,750 (-48.2%) | — | $7,250 – $7,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,159 | $1,775 | +$384 (+21.6%) |
| Studio | $2,580 | $1,775 | +$805 (+45.4%) |
| 1BR | $6,195 | $2,097 | +$4,098 (+195.5%) |
| 1BR | $3,363 | $2,097 | +$1,266 (+60.4%) |
| 2BR | $7,500 | $2,795 | +$4,705 (+168.3%) |
| 2BR | $5,830 | $2,795 | +$3,035 (+108.6%) |
| 3BR | $5,300 | $3,895 | +$1,405 (+36.1%) |
| 3BR | $10,461 | $3,895 | +$6,566 (+168.6%) |
| 4BR | $7,250 | $4,970 | +$2,280 (+45.9%) |
| 4BR | $7,250 | $4,970 | +$2,280 (+45.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.