Monthly Rent Report
Santa Monica Rent Report — February 2023
Asking rents in ZIP 90402, Los Angeles, from 94 listings.
Median 1BR rent in Santa Monica was $3,950 in February 2023, down 53.5% (−$4,550) from January 2023 and up 12.9% year-over-year. The middle half of 1BR listings asked between $3,500 and $4,818. That puts Santa Monica $1,825 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 94 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $3,950 | −$4,550 (-53.5%) | +$450 (+12.9%) | $3,500 – $4,818 | 28 |
| 1BR | $14,500 | +$6,000 (+70.6%) | +$11,000 (+314.3%) | $14,500 – $14,500 | 1 |
| 2BR | $4,800 | −$5,673 (-54.2%) | −$2,700 (-36.0%) | $4,800 – $4,800 | 1 |
| 2BR | $5,988 | −$4,486 (-42.8%) | −$1,512 (-20.2%) | $4,295 – $11,500 | 26 |
| 3BR | $9,750 | +$1,751 (+21.9%) | −$6,050 (-38.3%) | $9,150 – $10,250 | 20 |
| 3BR | $8,750 | +$751 (+9.4%) | −$7,050 (-44.6%) | $8,375 – $9,125 | 2 |
| 4BR | $15,000 | $0 (0.0%) | — | $15,000 – $15,000 | 6 |
| 4BR | $15,000 | $0 (0.0%) | — | $15,000 – $15,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $3,950 | $2,125 | +$1,825 (+85.9%) |
| 1BR | $14,500 | $2,125 | +$12,375 (+582.4%) |
| 2BR | $4,800 | $2,773 | +$2,027 (+73.1%) |
| 2BR | $5,988 | $2,773 | +$3,215 (+115.9%) |
| 3BR | $9,750 | $3,850 | +$5,900 (+153.2%) |
| 3BR | $8,750 | $3,850 | +$4,900 (+127.3%) |
| 4BR | $15,000 | $4,695 | +$10,305 (+219.5%) |
| 4BR | $15,000 | $4,695 | +$10,305 (+219.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.