Monthly Rent Report
Santa Monica Rent Report — November 2023
Asking rents in ZIP 90401, Los Angeles, from 96 listings.
Median 1BR rent in Santa Monica was $2,750 in November 2023, up 4.0% (+$105) from October 2023 and up 11.2% year-over-year. The middle half of 1BR listings asked between $2,750 and $2,800. That puts Santa Monica $625 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 96 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,800 | −$837 (-23.0%) | +$424 (+17.8%) | $2,800 – $2,800 | 1 |
| Studio | $2,700 | −$937 (-25.8%) | +$324 (+13.6%) | $2,700 – $2,700 | 1 |
| 1BR | $2,750 | +$105 (+4.0%) | +$278 (+11.2%) | $2,750 – $2,800 | 11 |
| 1BR | $2,395 | −$250 (-9.5%) | −$77 (-3.1%) | $2,395 – $2,395 | 2 |
| 2BR | $3,200 | −$760 (-19.2%) | −$2,000 (-38.5%) | $3,200 – $3,200 | 1 |
| 2BR | $3,255 | −$705 (-17.8%) | −$1,945 (-37.4%) | $3,024 – $3,399 | 6 |
| 3BR | $6,374 | −$3,851 (-37.7%) | −$2,826 (-30.7%) | $6,084 – $7,453 | 56 |
| 3BR | $6,417 | −$3,808 (-37.2%) | −$2,783 (-30.3%) | $6,270 – $6,949 | 6 |
| 4BR | $7,250 | −$4,245 (-36.9%) | — | $7,250 – $7,250 | 1 |
| 4BR | $7,250 | −$4,245 (-36.9%) | — | $7,250 – $11,195 | 11 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,800 | $1,775 | +$1,025 (+57.7%) |
| Studio | $2,700 | $1,775 | +$925 (+52.1%) |
| 1BR | $2,750 | $2,125 | +$625 (+29.4%) |
| 1BR | $2,395 | $2,125 | +$270 (+12.7%) |
| 2BR | $3,200 | $2,795 | +$405 (+14.5%) |
| 2BR | $3,255 | $2,795 | +$460 (+16.4%) |
| 3BR | $6,374 | $3,950 | +$2,424 (+61.4%) |
| 3BR | $6,417 | $3,950 | +$2,467 (+62.4%) |
| 4BR | $7,250 | $4,994 | +$2,256 (+45.2%) |
| 4BR | $7,250 | $4,994 | +$2,256 (+45.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.