Monthly Rent Report
Santa Monica Rent Report — July 2023
Asking rents in ZIP 90403, Los Angeles, from 104 listings.
Median 1BR rent in Santa Monica was $3,573 in July 2023, up 34.9% (+$925) from June 2023 and up 14.3% year-over-year. The middle half of 1BR listings asked between $3,361 and $3,784. That puts Santa Monica $1,448 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 104 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,098 | +$3 (+0.1%) | −$402 (-16.1%) | $1,920 – $2,250 | 4 |
| Studio | $2,050 | −$45 (-2.1%) | −$450 (-18.0%) | $2,050 – $2,050 | 1 |
| 1BR | $3,573 | +$925 (+34.9%) | +$448 (+14.3%) | $3,361 – $3,784 | 2 |
| 1BR | $3,273 | +$625 (+23.6%) | +$148 (+4.7%) | $2,961 – $4,115 | 26 |
| 2BR | $3,995 | −$1,500 (-27.3%) | −$500 (-11.1%) | $3,995 – $3,995 | 1 |
| 2BR | $5,295 | −$200 (-3.6%) | +$800 (+17.8%) | $4,275 – $6,000 | 45 |
| 3BR | $6,950 | −$300 (-4.1%) | −$3,050 (-30.5%) | $4,850 – $9,771 | 14 |
| 3BR | $10,175 | +$2,925 (+40.3%) | +$175 (+1.8%) | $8,538 – $11,813 | 2 |
| 4BR | $7,850 | −$50 (-0.6%) | — | $7,850 – $7,900 | 5 |
| 4BR | $7,900 | $0 (0.0%) | — | $7,900 – $7,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,098 | $1,800 | +$298 (+16.5%) |
| Studio | $2,050 | $1,800 | +$250 (+13.9%) |
| 1BR | $3,573 | $2,125 | +$1,448 (+68.1%) |
| 1BR | $3,273 | $2,125 | +$1,148 (+54.0%) |
| 2BR | $3,995 | $2,873 | +$1,122 (+39.0%) |
| 2BR | $5,295 | $2,873 | +$2,422 (+84.3%) |
| 3BR | $6,950 | $3,836 | +$3,114 (+81.2%) |
| 3BR | $10,175 | $3,836 | +$6,339 (+165.3%) |
| 4BR | $7,850 | $4,572 | +$3,278 (+71.7%) |
| 4BR | $7,900 | $4,572 | +$3,328 (+72.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.