Monthly Rent Report
Santa Monica Rent Report — November 2023
Asking rents in ZIP 90402, Los Angeles, from 128 listings.
Median 1BR rent in Santa Monica was $3,300 in November 2023, down 13.7% (−$525) from October 2023 and down 17.5% year-over-year. The middle half of 1BR listings asked between $3,300 and $3,300. That puts Santa Monica $1,175 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 128 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,000 | −$1,000 (-25.0%) | — | $3,000 – $3,000 | 1 |
| Studio | $4,000 | $0 (0.0%) | — | $4,000 – $4,000 | 1 |
| 1BR | $3,300 | −$525 (-13.7%) | −$700 (-17.5%) | $3,300 – $3,300 | 1 |
| 1BR | $3,400 | −$425 (-11.1%) | −$600 (-15.0%) | $3,400 – $4,863 | 6 |
| 2BR | $8,250 | +$376 (+4.8%) | +$3,805 (+85.6%) | $4,896 – $10,000 | 70 |
| 2BR | $6,200 | −$1,674 (-21.3%) | +$1,755 (+39.5%) | $5,850 – $6,550 | 2 |
| 3BR | $10,000 | −$1,000 (-9.1%) | +$4,700 (+88.7%) | $9,498 – $15,000 | 27 |
| 3BR | $5,495 | −$5,505 (-50.0%) | +$195 (+3.7%) | $5,495 – $5,495 | 1 |
| 4BR | $14,000 | −$2,500 (-15.2%) | — | $14,000 – $14,000 | 1 |
| 4BR | $14,000 | −$2,500 (-15.2%) | — | $14,000 – $16,000 | 14 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,000 | $1,775 | +$1,225 (+69.0%) |
| Studio | $4,000 | $1,775 | +$2,225 (+125.4%) |
| 1BR | $3,300 | $2,125 | +$1,175 (+55.3%) |
| 1BR | $3,400 | $2,125 | +$1,275 (+60.0%) |
| 2BR | $8,250 | $2,795 | +$5,455 (+195.2%) |
| 2BR | $6,200 | $2,795 | +$3,405 (+121.8%) |
| 3BR | $10,000 | $3,950 | +$6,050 (+153.2%) |
| 3BR | $5,495 | $3,950 | +$1,545 (+39.1%) |
| 4BR | $14,000 | $4,994 | +$9,006 (+180.3%) |
| 4BR | $14,000 | $4,994 | +$9,006 (+180.3%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.