Monthly Rent Report
Santa Monica Rent Report — October 2023
Asking rents in ZIP 90403, Los Angeles, from 101 listings.
Median 1BR rent in Santa Monica was $2,795 in October 2023, up 12.0% (+$300) from September 2023 and down 3.5% year-over-year. The middle half of 1BR listings asked between $2,795 and $2,795. That puts Santa Monica $798 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 101 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | −$324 (-14.9%) | −$2,650 (-58.9%) | $1,850 – $2,025 | 3 |
| Studio | $2,100 | −$74 (-3.4%) | −$2,400 (-53.3%) | $1,995 – $2,225 | 12 |
| 1BR | $2,795 | +$300 (+12.0%) | −$100 (-3.5%) | $2,795 – $2,795 | 1 |
| 1BR | $2,995 | +$500 (+20.0%) | +$100 (+3.5%) | $2,690 – $3,235 | 61 |
| 2BR | $5,000 | −$10,000 (-66.7%) | +$2,305 (+85.5%) | $3,825 – $5,000 | 5 |
| 2BR | $4,948 | −$10,052 (-67.0%) | +$2,253 (+83.6%) | $4,375 – $5,620 | 4 |
| 3BR | $4,480 | −$15 (-0.3%) | −$320 (-6.7%) | $4,430 – $6,190 | 3 |
| 3BR | $6,000 | +$1,505 (+33.5%) | +$1,200 (+25.0%) | $6,000 – $6,000 | 1 |
| 4BR | $6,500 | −$8,500 (-56.7%) | −$895 (-12.1%) | $6,500 – $6,625 | 4 |
| 4BR | $6,500 | −$8,500 (-56.7%) | −$895 (-12.1%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,700 | +$150 (+8.8%) |
| Studio | $2,100 | $1,700 | +$400 (+23.5%) |
| 1BR | $2,795 | $1,998 | +$798 (+39.9%) |
| 1BR | $2,995 | $1,998 | +$998 (+49.9%) |
| 2BR | $5,000 | $2,750 | +$2,250 (+81.8%) |
| 2BR | $4,948 | $2,750 | +$2,198 (+79.9%) |
| 3BR | $4,480 | $4,195 | +$285 (+6.8%) |
| 3BR | $6,000 | $4,195 | +$1,805 (+43.0%) |
| 4BR | $6,500 | $5,275 | +$1,225 (+23.2%) |
| 4BR | $6,500 | $5,275 | +$1,225 (+23.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.