Monthly Rent Report
Santa Monica Rent Report — August 2023
Asking rents in ZIP 90401, Los Angeles, from 84 listings.
Median 1BR rent in Santa Monica was $2,195 in August 2023, down 28.3% (−$865) from July 2023 and down 19.7% year-over-year. The middle half of 1BR listings asked between $2,195 and $2,195. That puts Santa Monica $95 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 84 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,285 | +$10 (+0.3%) | −$164 (-4.8%) | $2,637 – $3,498 | 15 |
| Studio | $2,850 | −$425 (-13.0%) | −$599 (-17.4%) | $2,850 – $3,050 | 5 |
| 1BR | $2,195 | −$865 (-28.3%) | −$537 (-19.7%) | $2,195 – $2,195 | 1 |
| 1BR | $3,495 | +$435 (+14.2%) | +$763 (+27.9%) | $3,084 – $4,100 | 37 |
| 2BR | $3,450 | −$3,297 (-48.9%) | $0 (0.0%) | $3,450 – $3,450 | 1 |
| 2BR | $7,521 | +$774 (+11.5%) | +$4,071 (+118.0%) | $4,499 – $9,506 | 17 |
| 3BR | $3,995 | −$8,005 (-66.7%) | −$8,755 (-68.7%) | $3,995 – $3,995 | 1 |
| 3BR | $8,798 | −$3,202 (-26.7%) | −$3,952 (-31.0%) | $7,081 – $10,452 | 4 |
| 4BR | $11,495 | −$2,505 (-17.9%) | −$6,505 (-36.1%) | $11,495 – $11,495 | 1 |
| 4BR | $14,000 | $0 (0.0%) | −$4,000 (-22.2%) | $14,000 – $14,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,285 | $1,775 | +$1,510 (+85.1%) |
| Studio | $2,850 | $1,775 | +$1,075 (+60.6%) |
| 1BR | $2,195 | $2,100 | +$95 (+4.5%) |
| 1BR | $3,495 | $2,100 | +$1,395 (+66.4%) |
| 2BR | $3,450 | $2,895 | +$555 (+19.2%) |
| 2BR | $7,521 | $2,895 | +$4,626 (+159.8%) |
| 3BR | $3,995 | $3,897 | +$98 (+2.5%) |
| 3BR | $8,798 | $3,897 | +$4,901 (+125.7%) |
| 4BR | $11,495 | $5,163 | +$6,333 (+122.7%) |
| 4BR | $14,000 | $5,163 | +$8,838 (+171.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.