Monthly Rent Report
Santa Monica Rent Report — October 2023
Asking rents in ZIP 90402, Los Angeles, from 55 listings.
Median 1BR rent in Santa Monica was $3,825 in October 2023, down 24.3% (−$1,225) from September 2023 and up 11.0% year-over-year. The middle half of 1BR listings asked between $3,075 and $4,125. That puts Santa Monica $1,828 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 55 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,000 | +$1,700 (+73.9%) | −$500 (-11.1%) | $4,000 – $4,000 | 1 |
| 1BR | $3,825 | −$1,225 (-24.3%) | +$380 (+11.0%) | $3,075 – $4,125 | 8 |
| 1BR | $2,400 | −$2,650 (-52.5%) | −$1,045 (-30.3%) | $2,400 – $2,400 | 1 |
| 2BR | $4,500 | −$2,950 (-39.6%) | −$4,300 (-48.9%) | $4,500 – $4,500 | 2 |
| 2BR | $7,875 | +$425 (+5.7%) | −$925 (-10.5%) | $7,750 – $7,999 | 6 |
| 3BR | $11,000 | +$2,100 (+23.6%) | +$2,500 (+29.4%) | $8,050 – $12,800 | 15 |
| 3BR | $8,900 | $0 (0.0%) | +$400 (+4.7%) | $8,900 – $8,900 | 1 |
| 4BR | $16,500 | −$500 (-2.9%) | +$7,753 (+88.6%) | $16,500 – $16,500 | 3 |
| 4BR | $16,500 | −$500 (-2.9%) | +$7,753 (+88.6%) | $16,500 – $16,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,000 | $1,700 | +$2,300 (+135.3%) |
| 1BR | $3,825 | $1,998 | +$1,828 (+91.5%) |
| 1BR | $2,400 | $1,998 | +$403 (+20.2%) |
| 2BR | $4,500 | $2,750 | +$1,750 (+63.6%) |
| 2BR | $7,875 | $2,750 | +$5,125 (+186.3%) |
| 3BR | $11,000 | $4,195 | +$6,805 (+162.2%) |
| 3BR | $8,900 | $4,195 | +$4,705 (+112.2%) |
| 4BR | $16,500 | $5,275 | +$11,225 (+212.8%) |
| 4BR | $16,500 | $5,275 | +$11,225 (+212.8%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.