Monthly Rent Report
Santa Monica Rent Report — December 2023
Asking rents in ZIP 90402, Los Angeles, from 84 listings.
Median 1BR rent in Santa Monica was $4,050 in December 2023, up 22.7% (+$750) from November 2023 and down 52.4% year-over-year. The middle half of 1BR listings asked between $3,495 and $5,463. That puts Santa Monica $1,921 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 84 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,000 | −$1,000 (-25.0%) | −$3,000 (-50.0%) | $2,225 – $4,000 | 14 |
| Studio | $3,113 | −$887 (-22.2%) | −$2,887 (-48.1%) | $2,225 – $4,000 | 4 |
| 1BR | $4,050 | +$750 (+22.7%) | −$4,450 (-52.4%) | $3,495 – $5,463 | 10 |
| 1BR | $4,250 | +$950 (+28.8%) | −$4,250 (-50.0%) | $3,424 – $6,688 | 26 |
| 2BR | $4,923 | −$1,277 (-20.6%) | −$10,577 (-68.2%) | $4,345 – $5,500 | 6 |
| 2BR | $4,345 | −$1,855 (-29.9%) | −$11,155 (-72.0%) | $4,345 – $4,345 | 1 |
| 3BR | $15,500 | +$5,500 (+55.0%) | — | $13,750 – $15,500 | 3 |
| 3BR | $9,495 | −$505 (-5.1%) | — | $9,495 – $9,495 | 1 |
| 4BR | $13,650 | −$350 (-2.5%) | −$850 (-5.9%) | $12,225 – $15,500 | 4 |
| 4BR | $14,500 | +$500 (+3.6%) | $0 (0.0%) | $11,650 – $17,700 | 11 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,000 | $1,750 | +$1,250 (+71.4%) |
| Studio | $3,113 | $1,750 | +$1,363 (+77.9%) |
| 1BR | $4,050 | $2,129 | +$1,921 (+90.2%) |
| 1BR | $4,250 | $2,129 | +$2,121 (+99.6%) |
| 2BR | $4,923 | $2,795 | +$2,128 (+76.1%) |
| 2BR | $4,345 | $2,795 | +$1,550 (+55.5%) |
| 3BR | $15,500 | $3,923 | +$11,578 (+295.2%) |
| 3BR | $9,495 | $3,923 | +$5,573 (+142.1%) |
| 4BR | $13,650 | $4,750 | +$8,900 (+187.4%) |
| 4BR | $14,500 | $4,750 | +$9,750 (+205.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.