Monthly Rent Report
Santa Monica Rent Report — June 2023
Asking rents in ZIP 90401, Los Angeles, from 137 listings.
Median 1BR rent in Santa Monica was $3,545 in June 2023, up 4.0% (+$135) from May 2023 and up 54.5% year-over-year. The middle half of 1BR listings asked between $2,870 and $4,220. That puts Santa Monica $1,445 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 137 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,502 | −$811 (-24.5%) | +$89 (+3.7%) | $2,502 – $2,502 | 1 |
| Studio | $2,632 | −$681 (-20.6%) | +$219 (+9.1%) | $2,380 – $3,471 | 19 |
| 1BR | $3,545 | +$135 (+4.0%) | +$1,250 (+54.5%) | $2,870 – $4,220 | 2 |
| 1BR | $3,595 | +$185 (+5.4%) | +$1,300 (+56.6%) | $2,952 – $4,356 | 61 |
| 2BR | $4,450 | −$1,336 (-23.1%) | +$1,855 (+71.5%) | $3,725 – $9,428 | 38 |
| 2BR | $3,200 | −$2,585 (-44.7%) | +$605 (+23.3%) | $3,200 – $3,200 | 1 |
| 3BR | $11,000 | +$4,800 (+77.4%) | +$5,300 (+93.0%) | $11,000 – $11,000 | 1 |
| 3BR | $10,175 | +$3,975 (+64.1%) | +$4,475 (+78.5%) | $6,750 – $12,250 | 8 |
| 4BR | $10,250 | +$3,000 (+41.4%) | — | $8,375 – $12,125 | 2 |
| 4BR | $14,000 | +$6,750 (+93.1%) | — | $14,000 – $14,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,502 | $1,758 | +$744 (+42.3%) |
| Studio | $2,632 | $1,758 | +$874 (+49.7%) |
| 1BR | $3,545 | $2,100 | +$1,445 (+68.8%) |
| 1BR | $3,595 | $2,100 | +$1,495 (+71.2%) |
| 2BR | $4,450 | $2,900 | +$1,550 (+53.4%) |
| 2BR | $3,200 | $2,900 | +$300 (+10.3%) |
| 3BR | $11,000 | $3,850 | +$7,150 (+185.7%) |
| 3BR | $10,175 | $3,850 | +$6,325 (+164.3%) |
| 4BR | $10,250 | $5,100 | +$5,150 (+101.0%) |
| 4BR | $14,000 | $5,100 | +$8,900 (+174.5%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.