Monthly Rent Report
Santa Monica Rent Report — December 2022
Asking rents in ZIP 90402, Los Angeles, from 40 listings.
Median 1BR rent in Santa Monica was $3,500 in December 2022, down 12.5% (−$500) from November 2022 and up 6.1% year-over-year. The middle half of 1BR listings asked between $3,500 and $3,500. That puts Santa Monica $1,408 above the Los Angeles citywide 1BR median of $2,093. The month's figures are based on 40 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,000 | — | +$2,500 (+71.4%) | $6,000 – $6,000 | 1 |
| Studio | $6,000 | — | +$2,500 (+71.4%) | $6,000 – $6,000 | 1 |
| 1BR | $3,500 | −$500 (-12.5%) | +$203 (+6.1%) | $3,500 – $3,500 | 13 |
| 1BR | $8,500 | +$4,500 (+112.5%) | +$5,203 (+157.8%) | $8,250 – $8,750 | 2 |
| 2BR | $15,500 | +$4,500 (+40.9%) | +$10,675 (+221.2%) | $10,874 – $17,825 | 14 |
| 2BR | $15,500 | +$4,500 (+40.9%) | +$10,675 (+221.2%) | $15,500 – $17,050 | 3 |
| 4BR | $14,500 | — | — | $14,500 – $14,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2022
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,000 | $1,795 | +$4,205 (+234.3%) |
| Studio | $6,000 | $1,795 | +$4,205 (+234.3%) |
| 1BR | $3,500 | $2,093 | +$1,408 (+67.3%) |
| 1BR | $8,500 | $2,093 | +$6,408 (+306.2%) |
| 2BR | $15,500 | $2,795 | +$12,705 (+454.6%) |
| 2BR | $15,500 | $2,795 | +$12,705 (+454.6%) |
| 4BR | $14,500 | $4,998 | +$9,503 (+190.1%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in December 2022.