Monthly Rent Report
Santa Monica Rent Report — September 2023
Asking rents in ZIP 90402, Los Angeles, from 31 listings.
Median 1BR rent in Santa Monica was $7,650 in September 2023, down 27.1% (−$2,850) from August 2023 and up 91.3% year-over-year. The middle half of 1BR listings asked between $7,650 and $7,650. That puts Santa Monica $5,650 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 31 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,300 | −$2,200 (-48.9%) | −$2,100 (-47.7%) | $2,300 – $2,300 | 1 |
| 1BR | $7,650 | −$2,850 (-27.1%) | +$3,650 (+91.3%) | $7,650 – $7,650 | 1 |
| 1BR | $5,050 | −$5,450 (-51.9%) | +$1,050 (+26.3%) | $4,100 – $5,750 | 8 |
| 2BR | $4,995 | +$700 (+16.3%) | −$3,905 (-43.9%) | $3,950 – $8,500 | 5 |
| 2BR | $7,450 | +$3,155 (+73.5%) | −$1,450 (-16.3%) | $7,350 – $7,550 | 2 |
| 3BR | $7,450 | −$975 (-11.6%) | −$540 (-6.8%) | $7,200 – $7,700 | 2 |
| 3BR | $8,900 | +$475 (+5.6%) | +$910 (+11.4%) | $8,900 – $8,900 | 1 |
| 4BR | $17,000 | +$1,250 (+7.9%) | +$7,800 (+84.8%) | $15,500 – $17,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — September 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,300 | $1,795 | +$505 (+28.1%) |
| 1BR | $7,650 | $2,000 | +$5,650 (+282.5%) |
| 1BR | $5,050 | $2,000 | +$3,050 (+152.5%) |
| 2BR | $4,995 | $2,750 | +$2,245 (+81.6%) |
| 2BR | $7,450 | $2,750 | +$4,700 (+170.9%) |
| 3BR | $7,450 | $3,948 | +$3,503 (+88.7%) |
| 3BR | $8,900 | $3,948 | +$4,953 (+125.5%) |
| 4BR | $17,000 | $5,000 | +$12,000 (+240.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.