Monthly Rent Report
Santa Monica Rent Report — September 2023
Asking rents in ZIP 90403, Los Angeles, from 60 listings.
Median 1BR rent in Santa Monica was $2,950 in September 2023, up 15.9% (+$405) from August 2023 and up 34.1% year-over-year. The middle half of 1BR listings asked between $2,795 and $3,675. That puts Santa Monica $950 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 60 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,174 | +$203 (+10.3%) | +$524 (+31.8%) | $2,095 – $2,295 | 8 |
| Studio | $1,975 | +$4 (+0.2%) | +$325 (+19.7%) | $1,975 – $1,975 | 1 |
| 1BR | $2,950 | +$405 (+15.9%) | +$750 (+34.1%) | $2,795 – $3,675 | 25 |
| 1BR | $2,495 | −$50 (-2.0%) | +$295 (+13.4%) | $2,495 – $2,495 | 1 |
| 2BR | $15,000 | +$11,675 (+351.1%) | +$8,125 (+118.2%) | $15,000 – $15,000 | 10 |
| 2BR | $5,500 | +$2,175 (+65.4%) | −$1,375 (-20.0%) | $5,500 – $5,500 | 1 |
| 3BR | $5,400 | −$550 (-9.2%) | +$150 (+2.9%) | $5,400 – $5,400 | 1 |
| 3BR | $4,495 | −$1,455 (-24.5%) | −$755 (-14.4%) | $4,495 – $4,495 | 3 |
| 4BR | $15,000 | +$6,500 (+76.5%) | — | $15,000 – $15,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — September 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,174 | $1,795 | +$379 (+21.1%) |
| Studio | $1,975 | $1,795 | +$180 (+10.0%) |
| 1BR | $2,950 | $2,000 | +$950 (+47.5%) |
| 1BR | $2,495 | $2,000 | +$495 (+24.8%) |
| 2BR | $15,000 | $2,750 | +$12,250 (+445.5%) |
| 2BR | $5,500 | $2,750 | +$2,750 (+100.0%) |
| 3BR | $5,400 | $3,948 | +$1,453 (+36.8%) |
| 3BR | $4,495 | $3,948 | +$548 (+13.9%) |
| 4BR | $15,000 | $5,000 | +$10,000 (+200.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.