Monthly Rent Report
Santa Monica Rent Report — September 2023
Asking rents in ZIP 90401, Los Angeles, from 57 listings.
Median 1BR rent in Santa Monica was $3,195 in September 2023, down 8.6% (−$300) from August 2023 and up 42.0% year-over-year. The middle half of 1BR listings asked between $2,825 and $3,388. That puts Santa Monica $1,195 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 57 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,638 | +$788 (+27.6%) | +$593 (+19.5%) | $3,631 – $3,644 | 2 |
| Studio | $2,699 | −$151 (-5.3%) | −$346 (-11.4%) | $2,551 – $2,775 | 3 |
| 1BR | $3,195 | −$300 (-8.6%) | +$945 (+42.0%) | $2,825 – $3,388 | 24 |
| 1BR | $2,495 | −$1,000 (-28.6%) | +$245 (+10.9%) | $2,495 – $2,495 | 1 |
| 2BR | $3,200 | −$250 (-7.2%) | −$1,345 (-29.6%) | $3,200 – $3,200 | 1 |
| 2BR | $4,100 | +$650 (+18.8%) | −$445 (-9.8%) | $3,600 – $4,836 | 15 |
| 3BR | $17,000 | +$8,202 (+93.2%) | +$6,500 (+61.9%) | $8,300 – $19,249 | 6 |
| 3BR | $5,458 | −$3,340 (-38.0%) | −$5,042 (-48.0%) | $4,439 – $6,476 | 2 |
| 4BR | $11,495 | $0 (0.0%) | −$6,505 (-36.1%) | $11,495 – $11,748 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — September 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,638 | $1,795 | +$1,843 (+102.6%) |
| Studio | $2,699 | $1,795 | +$904 (+50.4%) |
| 1BR | $3,195 | $2,000 | +$1,195 (+59.7%) |
| 1BR | $2,495 | $2,000 | +$495 (+24.8%) |
| 2BR | $3,200 | $2,750 | +$450 (+16.4%) |
| 2BR | $4,100 | $2,750 | +$1,350 (+49.1%) |
| 3BR | $17,000 | $3,948 | +$13,053 (+330.7%) |
| 3BR | $5,458 | $3,948 | +$1,510 (+38.3%) |
| 4BR | $11,495 | $5,000 | +$6,495 (+129.9%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.