Monthly Rent Report
Santa Monica Rent Report — July 2023
Asking rents in ZIP 90401, Los Angeles, from 110 listings.
Median 1BR rent in Santa Monica was $3,574 in July 2023, down 0.6% (−$21) from June 2023 and up 24.7% year-over-year. The middle half of 1BR listings asked between $3,095 and $4,477. That puts Santa Monica $1,449 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 110 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,404 | +$772 (+29.3%) | +$1,415 (+71.1%) | $2,434 – $4,137 | 16 |
| Studio | $3,275 | +$643 (+24.4%) | +$1,286 (+64.7%) | $3,263 – $3,288 | 2 |
| 1BR | $3,574 | −$21 (-0.6%) | +$707 (+24.7%) | $3,095 – $4,477 | 51 |
| 1BR | $3,060 | −$535 (-14.9%) | +$193 (+6.7%) | $2,728 – $3,393 | 2 |
| 2BR | $6,748 | +$2,298 (+51.6%) | +$350 (+5.5%) | $5,371 – $8,124 | 2 |
| 2BR | $6,146 | +$1,697 (+38.1%) | −$251 (-3.9%) | $3,975 – $9,344 | 31 |
| 3BR | $7,800 | −$2,375 (-23.3%) | −$6,150 (-44.1%) | $7,800 – $7,800 | 1 |
| 3BR | $12,000 | +$1,825 (+17.9%) | −$1,950 (-14.0%) | $11,200 – $14,000 | 3 |
| 4BR | $14,000 | $0 (0.0%) | −$5,995 (-30.0%) | $14,000 – $14,000 | 1 |
| 4BR | $14,000 | $0 (0.0%) | −$5,995 (-30.0%) | $14,000 – $14,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,404 | $1,800 | +$1,604 (+89.1%) |
| Studio | $3,275 | $1,800 | +$1,475 (+81.9%) |
| 1BR | $3,574 | $2,125 | +$1,449 (+68.2%) |
| 1BR | $3,060 | $2,125 | +$935 (+44.0%) |
| 2BR | $6,748 | $2,873 | +$3,874 (+134.8%) |
| 2BR | $6,146 | $2,873 | +$3,273 (+113.9%) |
| 3BR | $7,800 | $3,836 | +$3,964 (+103.4%) |
| 3BR | $12,000 | $3,836 | +$8,164 (+212.8%) |
| 4BR | $14,000 | $4,572 | +$9,428 (+206.2%) |
| 4BR | $14,000 | $4,572 | +$9,428 (+206.2%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.