Monthly Rent Report
Santa Monica Rent Report — August 2021
Asking rents in ZIP 90402, Los Angeles, from 38 listings.
Median 1BR rent in Santa Monica was $3,550 in August 2021, up 29.3% (+$805) from July 2021 and down 7.9% year-over-year. The middle half of 1BR listings asked between $3,550 and $3,550. That puts Santa Monica $1,688 above the Los Angeles citywide 1BR median of $1,863. The month's figures are based on 38 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. August 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | — | −$2,450 (-52.7%) | $2,200 – $2,200 | 1 |
| Studio | $2,290 | — | −$2,360 (-50.8%) | $1,970 – $3,070 | 3 |
| 1BR | $3,550 | +$805 (+29.3%) | −$305 (-7.9%) | $3,550 – $3,550 | 2 |
| 1BR | $3,677 | +$932 (+34.0%) | −$178 (-4.6%) | $3,450 – $4,048 | 12 |
| 2BR | $6,220 | +$1,620 (+35.2%) | +$470 (+8.2%) | $5,950 – $6,490 | 4 |
| 2BR | $5,600 | +$1,000 (+21.7%) | −$150 (-2.6%) | $4,313 – $5,900 | 10 |
| 3BR | $6,300 | −$695 (-9.9%) | — | $6,250 – $6,995 | 5 |
| 3BR | $6,995 | $0 (0.0%) | — | $6,995 – $6,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2021
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $1,549 | +$652 (+42.1%) |
| Studio | $2,290 | $1,549 | +$742 (+47.9%) |
| 1BR | $3,550 | $1,863 | +$1,688 (+90.6%) |
| 1BR | $3,677 | $1,863 | +$1,815 (+97.4%) |
| 2BR | $6,220 | $2,680 | +$3,540 (+132.1%) |
| 2BR | $5,600 | $2,680 | +$2,920 (+109.0%) |
| 3BR | $6,300 | $3,595 | +$2,705 (+75.2%) |
| 3BR | $6,995 | $3,595 | +$3,400 (+94.6%) |
Citywide figure is the median of zip-level medians across 125 Los Angeles zip codes with listings in August 2021.