Monthly Rent Report
Santa Monica Rent Report — March 2023
Asking rents in ZIP 90403, Los Angeles, from 292 listings.
Median 1BR rent in Santa Monica was $2,645 in March 2023, down 14.0% (−$430) from February 2023 and up 6.9% year-over-year. The middle half of 1BR listings asked between $2,620 and $2,670. That puts Santa Monica $548 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 292 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,300 | −$347 (-13.1%) | −$264 (-10.3%) | $1,970 – $2,495 | 56 |
| Studio | $1,995 | −$652 (-24.6%) | −$569 (-22.2%) | $1,995 – $1,995 | 1 |
| 1BR | $2,645 | −$430 (-14.0%) | +$170 (+6.9%) | $2,620 – $2,670 | 2 |
| 1BR | $2,973 | −$102 (-3.3%) | +$498 (+20.1%) | $2,750 – $3,374 | 166 |
| 2BR | $3,373 | +$178 (+5.6%) | −$1,977 (-37.0%) | $3,261 – $3,484 | 2 |
| 2BR | $6,650 | +$3,455 (+108.1%) | +$1,300 (+24.3%) | $6,650 – $6,650 | 1 |
| 3BR | $7,998 | +$2,498 (+45.4%) | $0 (0.0%) | $6,996 – $8,999 | 2 |
| 3BR | $6,795 | +$1,295 (+23.5%) | −$1,202 (-15.0%) | $5,748 – $8,100 | 47 |
| 4BR | $6,295 | −$10,705 (-63.0%) | — | $6,295 – $6,295 | 1 |
| 4BR | $14,125 | −$2,875 (-16.9%) | — | $9,750 – $14,995 | 14 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,300 | $1,745 | +$555 (+31.8%) |
| Studio | $1,995 | $1,745 | +$250 (+14.3%) |
| 1BR | $2,645 | $2,097 | +$548 (+26.1%) |
| 1BR | $2,973 | $2,097 | +$876 (+41.8%) |
| 2BR | $3,373 | $2,750 | +$623 (+22.6%) |
| 2BR | $6,650 | $2,750 | +$3,900 (+141.8%) |
| 3BR | $7,998 | $3,923 | +$4,075 (+103.9%) |
| 3BR | $6,795 | $3,923 | +$2,873 (+73.2%) |
| 4BR | $6,295 | $4,760 | +$1,535 (+32.2%) |
| 4BR | $14,125 | $4,760 | +$9,365 (+196.7%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.