Monthly Rent Report
Santa Monica Rent Report — December 2023
Asking rents in ZIP 90401, Los Angeles, from 42 listings.
Median 1BR rent in Santa Monica was $2,795 in December 2023, up 1.6% (+$45) from November 2023 and down 4.5% year-over-year. The middle half of 1BR listings asked between $2,745 and $2,845. That puts Santa Monica $666 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 42 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,886 | −$814 (-30.1%) | −$1,072 (-36.2%) | $1,886 – $1,886 | 2 |
| Studio | $3,395 | +$695 (+25.7%) | +$437 (+14.8%) | $3,395 – $3,395 | 1 |
| 1BR | $2,795 | +$45 (+1.6%) | −$131 (-4.5%) | $2,745 – $2,845 | 2 |
| 1BR | $3,393 | +$643 (+23.4%) | +$467 (+15.9%) | $2,264 – $4,450 | 4 |
| 2BR | $2,995 | −$259 (-8.0%) | −$2,004 (-40.1%) | $2,995 – $3,333 | 16 |
| 2BR | $2,995 | −$259 (-8.0%) | −$2,004 (-40.1%) | $2,995 – $2,995 | 3 |
| 3BR | $17,500 | +$11,126 (+174.6%) | +$7,021 (+67.0%) | $17,500 – $17,500 | 1 |
| 3BR | $19,999 | +$13,625 (+213.8%) | +$9,520 (+90.8%) | $17,499 – $19,999 | 9 |
| 4BR | $7,250 | $0 (0.0%) | — | $7,250 – $9,223 | 3 |
| 4BR | $7,250 | $0 (0.0%) | — | $7,250 – $7,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,886 | $1,750 | +$136 (+7.8%) |
| Studio | $3,395 | $1,750 | +$1,645 (+94.0%) |
| 1BR | $2,795 | $2,129 | +$666 (+31.3%) |
| 1BR | $3,393 | $2,129 | +$1,264 (+59.3%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 3BR | $17,500 | $3,923 | +$13,578 (+346.1%) |
| 3BR | $19,999 | $3,923 | +$16,077 (+409.9%) |
| 4BR | $7,250 | $4,750 | +$2,500 (+52.6%) |
| 4BR | $7,250 | $4,750 | +$2,500 (+52.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.