Monthly Rent Report
Santa Monica Rent Report — January 2023
Asking rents in ZIP 90402, Los Angeles, from 67 listings.
Median 1BR rent in Santa Monica was $8,500 in January 2023, flat versus December 2022 and up 254.2% year-over-year. The middle half of 1BR listings asked between $8,500 and $8,500. That puts Santa Monica $6,375 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 67 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | −$4,405 (-73.4%) | −$2,505 (-61.1%) | $1,595 – $1,595 | 1 |
| 1BR | $8,500 | $0 (0.0%) | +$6,100 (+254.2%) | $8,500 – $8,500 | 1 |
| 1BR | $4,103 | −$4,397 (-51.7%) | +$1,703 (+70.9%) | $3,550 – $4,421 | 12 |
| 2BR | $5,600 | −$9,900 (-63.9%) | +$1,605 (+40.2%) | $5,600 – $5,600 | 1 |
| 2BR | $10,474 | −$5,026 (-32.4%) | +$6,479 (+162.2%) | $6,075 – $13,331 | 22 |
| 3BR | $7,999 | — | +$2,749 (+52.4%) | $7,750 – $8,250 | 7 |
| 3BR | $1,200 | — | −$4,050 (-77.1%) | $1,200 – $1,200 | 1 |
| 4BR | $14,000 | −$500 (-3.4%) | — | $14,000 – $14,000 | 1 |
| 4BR | $15,000 | +$500 (+3.4%) | — | $14,000 – $15,000 | 15 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,595 | $1,795 | −$200 (-11.1%) |
| 1BR | $8,500 | $2,125 | +$6,375 (+300.0%) |
| 1BR | $4,103 | $2,125 | +$1,978 (+93.1%) |
| 2BR | $5,600 | $2,861 | +$2,739 (+95.7%) |
| 2BR | $10,474 | $2,861 | +$7,612 (+266.0%) |
| 3BR | $7,999 | $3,848 | +$4,152 (+107.9%) |
| 3BR | $1,200 | $3,848 | −$2,647 (-68.8%) |
| 4BR | $14,000 | $5,000 | +$9,001 (+180.0%) |
| 4BR | $15,000 | $5,000 | +$10,001 (+200.0%) |
Citywide figure is the median of zip-level medians across 131 Los Angeles zip codes with listings in January 2023.