Monthly Rent Report
Santa Monica Rent Report — May 2023
Asking rents in ZIP 90401, Los Angeles, from 302 listings.
Median 1BR rent in Santa Monica was $3,410 in May 2023, down 45.0% (−$2,785) from April 2023 and up 17.9% year-over-year. The middle half of 1BR listings asked between $3,050 and $4,543. That puts Santa Monica $1,288 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 302 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,533 | +$375 (+17.4%) | +$268 (+11.8%) | $2,347 – $2,733 | 5 |
| Studio | $3,313 | +$1,155 (+53.5%) | +$1,048 (+46.3%) | $2,396 – $3,687 | 42 |
| 1BR | $3,410 | −$2,785 (-45.0%) | +$518 (+17.9%) | $3,050 – $4,543 | 113 |
| 1BR | $2,295 | −$3,900 (-63.0%) | −$597 (-20.6%) | $2,273 – $2,475 | 3 |
| 2BR | $5,786 | −$44 (-0.8%) | +$1,786 (+44.6%) | $3,725 – $10,263 | 102 |
| 2BR | $3,495 | −$2,335 (-40.1%) | −$505 (-12.6%) | $3,173 – $6,248 | 3 |
| 3BR | $11,000 | +$5,700 (+107.5%) | +$2,100 (+23.6%) | $10,000 – $16,000 | 31 |
| 3BR | $6,200 | +$900 (+17.0%) | −$2,700 (-30.3%) | $6,200 – $6,200 | 1 |
| 4BR | $7,250 | $0 (0.0%) | — | $7,250 – $7,250 | 1 |
| 4BR | $7,250 | $0 (0.0%) | — | $7,250 – $7,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,533 | $1,750 | +$783 (+44.7%) |
| Studio | $3,313 | $1,750 | +$1,563 (+89.3%) |
| 1BR | $3,410 | $2,122 | +$1,288 (+60.7%) |
| 1BR | $2,295 | $2,122 | +$173 (+8.2%) |
| 2BR | $5,786 | $2,780 | +$3,006 (+108.1%) |
| 2BR | $3,495 | $2,780 | +$715 (+25.7%) |
| 3BR | $11,000 | $3,943 | +$7,058 (+179.0%) |
| 3BR | $6,200 | $3,943 | +$2,258 (+57.3%) |
| 4BR | $7,250 | $5,000 | +$2,250 (+45.0%) |
| 4BR | $7,250 | $5,000 | +$2,250 (+45.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.