Monthly Rent Report
Santa Monica Rent Report — November 2023
Asking rents in ZIP 90403, Los Angeles, from 136 listings.
Median 1BR rent in Santa Monica was $2,523 in November 2023, down 9.7% (−$272) from October 2023 and down 2.8% year-over-year. The middle half of 1BR listings asked between $2,409 and $2,636. That puts Santa Monica $398 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 136 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | $0 (0.0%) | −$295 (-12.3%) | $2,100 – $2,100 | 1 |
| Studio | $2,200 | +$100 (+4.8%) | −$195 (-8.1%) | $2,100 – $2,295 | 45 |
| 1BR | $2,523 | −$272 (-9.7%) | −$72 (-2.8%) | $2,409 – $2,636 | 2 |
| 1BR | $2,500 | −$295 (-10.6%) | −$95 (-3.7%) | $2,425 – $2,500 | 3 |
| 2BR | $4,700 | −$300 (-6.0%) | +$505 (+12.0%) | $3,750 – $5,100 | 9 |
| 2BR | $3,899 | −$1,101 (-22.0%) | −$296 (-7.1%) | $3,899 – $4,100 | 5 |
| 3BR | $5,900 | −$100 (-1.7%) | +$400 (+7.3%) | $4,800 – $7,036 | 58 |
| 3BR | $9,050 | +$3,050 (+50.8%) | +$3,550 (+64.5%) | $7,825 – $10,275 | 2 |
| 4BR | $7,000 | +$500 (+7.7%) | −$2,000 (-22.2%) | $7,000 – $7,000 | 1 |
| 4BR | $7,498 | +$998 (+15.3%) | −$1,502 (-16.7%) | $7,000 – $8,186 | 6 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,775 | +$325 (+18.3%) |
| Studio | $2,200 | $1,775 | +$425 (+23.9%) |
| 1BR | $2,523 | $2,125 | +$398 (+18.7%) |
| 1BR | $2,500 | $2,125 | +$375 (+17.6%) |
| 2BR | $4,700 | $2,795 | +$1,905 (+68.2%) |
| 2BR | $3,899 | $2,795 | +$1,104 (+39.5%) |
| 3BR | $5,900 | $3,950 | +$1,950 (+49.4%) |
| 3BR | $9,050 | $3,950 | +$5,100 (+129.1%) |
| 4BR | $7,000 | $4,994 | +$2,006 (+40.2%) |
| 4BR | $7,498 | $4,994 | +$2,504 (+50.1%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.