Monthly Rent Report
Santa Monica Rent Report — June 2023
Asking rents in ZIP 90403, Los Angeles, from 183 listings.
Median 1BR rent in Santa Monica was $2,648 in June 2023, down 10.2% (−$300) from May 2023 and down 11.8% year-over-year. The middle half of 1BR listings asked between $2,574 and $2,721. That puts Santa Monica $548 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 183 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | +$153 (+7.6%) | −$375 (-14.9%) | $1,995 – $2,398 | 21 |
| Studio | $2,095 | +$98 (+4.9%) | −$430 (-17.0%) | $2,045 – $2,145 | 2 |
| 1BR | $2,648 | −$300 (-10.2%) | −$352 (-11.8%) | $2,574 – $2,721 | 2 |
| 1BR | $3,225 | +$278 (+9.4%) | +$225 (+7.5%) | $2,719 – $3,638 | 58 |
| 2BR | $5,248 | +$1,425 (+37.3%) | −$3,002 (-36.4%) | $5,021 – $5,474 | 2 |
| 2BR | $5,495 | +$1,673 (+43.8%) | −$2,755 (-33.4%) | $3,995 – $6,645 | 73 |
| 3BR | $13,450 | +$7,200 (+115.2%) | +$8,950 (+198.9%) | $13,450 – $13,450 | 1 |
| 3BR | $7,250 | +$1,000 (+16.0%) | +$2,750 (+61.1%) | $6,000 – $9,895 | 21 |
| 4BR | $8,500 | +$600 (+7.6%) | — | $8,500 – $8,500 | 1 |
| 4BR | $7,900 | $0 (0.0%) | — | $7,900 – $7,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,758 | +$392 (+22.3%) |
| Studio | $2,095 | $1,758 | +$337 (+19.2%) |
| 1BR | $2,648 | $2,100 | +$548 (+26.1%) |
| 1BR | $3,225 | $2,100 | +$1,125 (+53.6%) |
| 2BR | $5,248 | $2,900 | +$2,348 (+80.9%) |
| 2BR | $5,495 | $2,900 | +$2,595 (+89.5%) |
| 3BR | $13,450 | $3,850 | +$9,600 (+249.4%) |
| 3BR | $7,250 | $3,850 | +$3,400 (+88.3%) |
| 4BR | $8,500 | $5,100 | +$3,400 (+66.7%) |
| 4BR | $7,900 | $5,100 | +$2,800 (+54.9%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.