Monthly Rent Report
Santa Monica Rent Report — August 2023
Asking rents in ZIP 90402, Los Angeles, from 58 listings.
Median 1BR rent in Santa Monica was $10,000 in August 2023, up 227.9% (+$6,950) from July 2023 and up 22.0% year-over-year. The middle half of 1BR listings asked between $10,000 and $10,000. That puts Santa Monica $7,900 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 58 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,000 | +$750 (+23.1%) | $0 (0.0%) | $2,225 – $4,499 | 9 |
| Studio | $4,500 | +$1,250 (+38.5%) | +$500 (+12.5%) | $4,500 – $4,500 | 2 |
| 1BR | $10,000 | +$6,950 (+227.9%) | +$1,800 (+22.0%) | $10,000 – $10,000 | 2 |
| 1BR | $10,500 | +$7,450 (+244.3%) | +$2,300 (+28.0%) | $10,250 – $10,750 | 2 |
| 2BR | $4,295 | −$4,180 (-49.3%) | −$170 (-3.8%) | $4,295 – $4,295 | 2 |
| 2BR | $4,750 | −$3,725 (-44.0%) | +$285 (+6.4%) | $4,750 – $4,750 | 1 |
| 3BR | $8,425 | −$575 (-6.4%) | −$1,475 (-14.9%) | $8,188 – $8,663 | 2 |
| 3BR | $10,800 | +$1,800 (+20.0%) | +$900 (+9.1%) | $9,495 – $13,995 | 25 |
| 4BR | $15,750 | +$1,125 (+7.7%) | +$5,755 (+57.6%) | $15,750 – $15,750 | 1 |
| 4BR | $19,000 | +$4,375 (+29.9%) | +$9,005 (+90.1%) | $19,000 – $19,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,000 | $1,775 | +$2,225 (+125.4%) |
| Studio | $4,500 | $1,775 | +$2,725 (+153.5%) |
| 1BR | $10,000 | $2,100 | +$7,900 (+376.2%) |
| 1BR | $10,500 | $2,100 | +$8,400 (+400.0%) |
| 2BR | $4,295 | $2,895 | +$1,400 (+48.4%) |
| 2BR | $4,750 | $2,895 | +$1,855 (+64.1%) |
| 3BR | $8,425 | $3,897 | +$4,528 (+116.2%) |
| 3BR | $10,800 | $3,897 | +$6,903 (+177.1%) |
| 4BR | $15,750 | $5,163 | +$10,588 (+205.1%) |
| 4BR | $19,000 | $5,163 | +$13,838 (+268.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.