Monthly Rent Report
Santa Monica Rent Report — April 2023
Asking rents in ZIP 90403, Los Angeles, from 407 listings.
Median 1BR rent in Santa Monica was $2,550 in April 2023, down 14.2% (−$422) from March 2023 and down 1.9% year-over-year. The middle half of 1BR listings asked between $2,550 and $2,550. That puts Santa Monica $453 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 407 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | −$150 (-6.5%) | −$250 (-10.4%) | $2,150 – $2,150 | 1 |
| Studio | $2,198 | −$102 (-4.4%) | −$202 (-8.4%) | $2,198 – $2,198 | 2 |
| 1BR | $2,550 | −$422 (-14.2%) | −$50 (-1.9%) | $2,550 – $2,550 | 1 |
| 1BR | $3,013 | +$40 (+1.3%) | +$413 (+15.9%) | $2,800 – $3,525 | 148 |
| 2BR | $3,823 | +$450 (+13.3%) | −$2,677 (-41.2%) | $3,609 – $4,036 | 2 |
| 2BR | $4,450 | +$1,078 (+31.9%) | −$2,050 (-31.5%) | $3,780 – $5,648 | 183 |
| 3BR | $8,400 | +$1,605 (+23.6%) | +$4,110 (+95.8%) | $6,599 – $10,200 | 2 |
| 3BR | $7,048 | +$253 (+3.7%) | +$2,758 (+64.3%) | $5,149 – $10,000 | 56 |
| 4BR | $6,395 | −$7,730 (-54.7%) | — | $6,195 – $8,450 | 11 |
| 4BR | $5,995 | −$8,130 (-57.6%) | — | $5,995 – $5,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,775 | +$375 (+21.1%) |
| Studio | $2,198 | $1,775 | +$423 (+23.8%) |
| 1BR | $2,550 | $2,097 | +$453 (+21.6%) |
| 1BR | $3,013 | $2,097 | +$916 (+43.7%) |
| 2BR | $3,823 | $2,795 | +$1,028 (+36.8%) |
| 2BR | $4,450 | $2,795 | +$1,655 (+59.2%) |
| 3BR | $8,400 | $3,895 | +$4,505 (+115.6%) |
| 3BR | $7,048 | $3,895 | +$3,153 (+80.9%) |
| 4BR | $6,395 | $4,970 | +$1,425 (+28.7%) |
| 4BR | $5,995 | $4,970 | +$1,025 (+20.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.