Monthly Rent Report
Santa Monica Rent Report — August 2023
Asking rents in ZIP 90403, Los Angeles, from 20 listings.
Median 1BR rent in Santa Monica was $3,195 in August 2023, down 2.4% (−$77) from July 2023 and up 36.1% year-over-year. The middle half of 1BR listings asked between $3,195 and $3,195. That puts Santa Monica $1,095 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 20 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | +$45 (+2.2%) | +$158 (+8.1%) | $2,095 – $2,095 | 1 |
| Studio | $1,972 | −$78 (-3.8%) | +$34 (+1.8%) | $1,960 – $1,983 | 2 |
| 1BR | $3,195 | −$77 (-2.4%) | +$848 (+36.1%) | $3,195 – $3,195 | 1 |
| 1BR | $2,545 | −$727 (-22.2%) | +$198 (+8.4%) | $2,220 – $2,870 | 2 |
| 2BR | $4,200 | +$205 (+5.1%) | −$295 (-6.6%) | $3,848 – $5,836 | 3 |
| 2BR | $3,325 | −$670 (-16.8%) | −$1,170 (-26.0%) | $3,325 – $5,695 | 5 |
| 3BR | $13,450 | +$6,500 (+93.5%) | +$6,853 (+103.9%) | $13,450 – $13,450 | 1 |
| 3BR | $5,950 | −$1,000 (-14.4%) | −$647 (-9.8%) | $5,950 – $5,950 | 3 |
| 4BR | $8,500 | +$600 (+7.6%) | −$10,000 (-54.1%) | $8,500 – $8,500 | 1 |
| 4BR | $9,000 | +$1,100 (+13.9%) | −$9,500 (-51.4%) | $9,000 – $9,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $1,775 | +$320 (+18.0%) |
| Studio | $1,972 | $1,775 | +$197 (+11.1%) |
| 1BR | $3,195 | $2,100 | +$1,095 (+52.1%) |
| 1BR | $2,545 | $2,100 | +$445 (+21.2%) |
| 2BR | $4,200 | $2,895 | +$1,305 (+45.1%) |
| 2BR | $3,325 | $2,895 | +$430 (+14.9%) |
| 3BR | $13,450 | $3,897 | +$9,553 (+245.1%) |
| 3BR | $5,950 | $3,897 | +$2,053 (+52.7%) |
| 4BR | $8,500 | $5,163 | +$3,338 (+64.6%) |
| 4BR | $9,000 | $5,163 | +$3,838 (+74.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.