Monthly Rent Report
Santa Monica Rent Report — October 2023
Asking rents in ZIP 90401, Los Angeles, from 120 listings.
Median 1BR rent in Santa Monica was $3,245 in October 2023, up 30.1% (+$750) from September 2023 and up 7.6% year-over-year. The middle half of 1BR listings asked between $3,245 and $3,245. That puts Santa Monica $1,248 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 120 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,300 | −$1,337 (-36.8%) | −$624 (-21.4%) | $2,194 – $2,300 | 8 |
| Studio | $3,638 | $0 (0.0%) | +$713 (+24.4%) | $2,300 – $4,034 | 36 |
| 1BR | $3,245 | +$750 (+30.1%) | +$228 (+7.6%) | $3,245 – $3,245 | 11 |
| 1BR | $2,645 | +$150 (+6.0%) | −$372 (-12.3%) | $2,605 – $2,658 | 3 |
| 2BR | $3,960 | +$760 (+23.8%) | −$1,590 (-28.6%) | $3,338 – $5,600 | 22 |
| 2BR | $3,495 | +$295 (+9.2%) | −$2,055 (-37.0%) | $3,495 – $3,495 | 1 |
| 3BR | $10,450 | −$6,550 (-38.5%) | −$1,550 (-12.9%) | $7,500 – $13,995 | 29 |
| 3BR | $10,225 | −$6,775 (-39.9%) | −$1,775 (-14.8%) | $5,436 – $10,450 | 6 |
| 4BR | $11,495 | $0 (0.0%) | — | $11,495 – $11,495 | 1 |
| 4BR | $11,495 | $0 (0.0%) | — | $11,495 – $11,495 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,300 | $1,700 | +$600 (+35.3%) |
| Studio | $3,638 | $1,700 | +$1,938 (+114.0%) |
| 1BR | $3,245 | $1,998 | +$1,248 (+62.5%) |
| 1BR | $2,645 | $1,998 | +$648 (+32.4%) |
| 2BR | $3,960 | $2,750 | +$1,210 (+44.0%) |
| 2BR | $3,495 | $2,750 | +$745 (+27.1%) |
| 3BR | $10,450 | $4,195 | +$6,255 (+149.1%) |
| 3BR | $10,225 | $4,195 | +$6,030 (+143.7%) |
| 4BR | $11,495 | $5,275 | +$6,220 (+117.9%) |
| 4BR | $11,495 | $5,275 | +$6,220 (+117.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.