Monthly Rent Report
Santa Monica Rent Report — January 2023
Asking rents in ZIP 90403, Los Angeles, from 355 listings.
Median 1BR rent in Santa Monica was $2,500 in January 2023, down 43.1% (−$1,897) from December 2022 and up 13.9% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts Santa Monica $375 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 355 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$355 (-15.1%) | −$5 (-0.3%) | $1,995 – $1,995 | 1 |
| Studio | $2,625 | +$275 (+11.7%) | +$625 (+31.3%) | $2,075 – $2,750 | 17 |
| 1BR | $2,500 | −$1,897 (-43.1%) | +$305 (+13.9%) | $2,500 – $2,500 | 1 |
| 1BR | $3,075 | −$1,322 (-30.1%) | +$880 (+40.1%) | $2,850 – $3,495 | 125 |
| 2BR | $4,475 | −$325 (-6.8%) | +$1,080 (+31.8%) | $4,188 – $5,088 | 3 |
| 2BR | $4,285 | −$515 (-10.7%) | +$890 (+26.2%) | $3,798 – $4,998 | 171 |
| 3BR | $8,200 | +$2,700 (+49.1%) | +$3,910 (+91.1%) | $8,200 – $8,200 | 1 |
| 3BR | $5,995 | +$495 (+9.0%) | +$1,705 (+39.7%) | $4,950 – $8,200 | 30 |
| 4BR | $17,000 | +$2,005 (+13.4%) | +$11,002 (+183.4%) | $17,000 – $17,000 | 3 |
| 4BR | $17,000 | +$2,005 (+13.4%) | +$11,002 (+183.4%) | $17,000 – $17,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,795 | +$200 (+11.1%) |
| Studio | $2,625 | $1,795 | +$830 (+46.2%) |
| 1BR | $2,500 | $2,125 | +$375 (+17.6%) |
| 1BR | $3,075 | $2,125 | +$950 (+44.7%) |
| 2BR | $4,475 | $2,861 | +$1,614 (+56.4%) |
| 2BR | $4,285 | $2,861 | +$1,424 (+49.8%) |
| 3BR | $8,200 | $3,848 | +$4,353 (+113.1%) |
| 3BR | $5,995 | $3,848 | +$2,148 (+55.8%) |
| 4BR | $17,000 | $5,000 | +$12,001 (+240.0%) |
| 4BR | $17,000 | $5,000 | +$12,001 (+240.0%) |
Citywide figure is the median of zip-level medians across 131 Los Angeles zip codes with listings in January 2023.