Monthly Rent Report
Santa Monica Rent Report — February 2023
Asking rents in ZIP 90403, Los Angeles, from 284 listings.
Median 1BR rent in Santa Monica was $3,075 in February 2023, up 23.0% (+$575) from January 2023 and up 16.0% year-over-year. The middle half of 1BR listings asked between $2,850 and $3,448. That puts Santa Monica $950 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 284 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $795 | −$1,200 (-60.2%) | −$1,305 (-62.1%) | $795 – $795 | 1 |
| Studio | $2,648 | +$653 (+32.7%) | +$548 (+26.1%) | $2,130 – $2,750 | 24 |
| 1BR | $3,075 | +$575 (+23.0%) | +$425 (+16.0%) | $2,850 – $3,448 | 83 |
| 1BR | $2,295 | −$205 (-8.2%) | −$355 (-13.4%) | $2,295 – $2,295 | 1 |
| 2BR | $4,500 | +$215 (+5.0%) | +$300 (+7.1%) | $4,071 – $5,000 | 128 |
| 2BR | $3,195 | −$1,090 (-25.4%) | −$1,005 (-23.9%) | $3,195 – $3,195 | 1 |
| 3BR | $5,500 | −$495 (-8.3%) | +$205 (+3.9%) | $4,995 – $8,200 | 37 |
| 3BR | $8,500 | +$2,505 (+41.8%) | +$3,205 (+60.5%) | $8,500 – $8,500 | 1 |
| 4BR | $17,000 | $0 (0.0%) | +$11,002 (+183.4%) | $16,900 – $17,500 | 5 |
| 4BR | $16,900 | −$100 (-0.6%) | +$10,902 (+181.8%) | $16,900 – $16,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $795 | $1,795 | −$1,000 (-55.7%) |
| Studio | $2,648 | $1,795 | +$853 (+47.5%) |
| 1BR | $3,075 | $2,125 | +$950 (+44.7%) |
| 1BR | $2,295 | $2,125 | +$170 (+8.0%) |
| 2BR | $4,500 | $2,773 | +$1,727 (+62.3%) |
| 2BR | $3,195 | $2,773 | +$422 (+15.2%) |
| 3BR | $5,500 | $3,850 | +$1,650 (+42.9%) |
| 3BR | $8,500 | $3,850 | +$4,650 (+120.8%) |
| 4BR | $17,000 | $4,695 | +$12,305 (+262.1%) |
| 4BR | $16,900 | $4,695 | +$12,205 (+260.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.