Monthly Rent Report
Santa Monica Rent Report — May 2023
Asking rents in ZIP 90403, Los Angeles, from 312 listings.
Median 1BR rent in Santa Monica was $2,745 in May 2023, down 8.9% (−$267) from April 2023 and down 5.3% year-over-year. The middle half of 1BR listings asked between $2,745 and $2,745. That puts Santa Monica $623 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 312 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | −$300 (-14.0%) | +$200 (+12.1%) | $1,850 – $1,850 | 1 |
| Studio | $1,998 | −$152 (-7.1%) | +$348 (+21.1%) | $1,898 – $2,288 | 22 |
| 1BR | $2,745 | −$267 (-8.9%) | −$155 (-5.3%) | $2,745 – $2,745 | 1 |
| 1BR | $2,948 | −$65 (-2.2%) | +$48 (+1.6%) | $2,599 – $3,295 | 112 |
| 2BR | $4,795 | +$345 (+7.8%) | +$1,595 (+49.8%) | $3,900 – $5,973 | 119 |
| 2BR | $3,823 | −$627 (-14.1%) | +$623 (+19.5%) | $3,345 – $4,286 | 4 |
| 3BR | $6,250 | −$797 (-11.3%) | +$1,000 (+19.0%) | $4,875 – $9,974 | 46 |
| 3BR | $7,500 | +$453 (+6.4%) | +$2,250 (+42.9%) | $7,500 – $7,500 | 1 |
| 4BR | $7,900 | +$1,505 (+23.5%) | −$3,600 (-31.3%) | $7,900 – $7,925 | 3 |
| 4BR | $7,900 | +$1,505 (+23.5%) | −$3,600 (-31.3%) | $7,900 – $7,925 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| Studio | $1,998 | $1,750 | +$248 (+14.1%) |
| 1BR | $2,745 | $2,122 | +$623 (+29.4%) |
| 1BR | $2,948 | $2,122 | +$826 (+38.9%) |
| 2BR | $4,795 | $2,780 | +$2,015 (+72.5%) |
| 2BR | $3,823 | $2,780 | +$1,043 (+37.5%) |
| 3BR | $6,250 | $3,943 | +$2,308 (+58.5%) |
| 3BR | $7,500 | $3,943 | +$3,558 (+90.2%) |
| 4BR | $7,900 | $5,000 | +$2,900 (+58.0%) |
| 4BR | $7,900 | $5,000 | +$2,900 (+58.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.