Monthly Rent Report
Santa Monica Rent Report — December 2023
Asking rents in ZIP 90403, Los Angeles, from 101 listings.
Median 1BR rent in Santa Monica was $2,723 in December 2023, up 8.9% (+$223) from November 2023 and down 38.1% year-over-year. The middle half of 1BR listings asked between $2,586 and $2,859. That puts Santa Monica $594 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 101 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,495 | +$295 (+13.4%) | +$600 (+31.7%) | $2,495 – $2,495 | 1 |
| Studio | $2,173 | −$27 (-1.3%) | +$278 (+14.6%) | $2,023 – $2,295 | 50 |
| 1BR | $2,723 | +$223 (+8.9%) | −$1,675 (-38.1%) | $2,586 – $2,859 | 2 |
| 1BR | $2,895 | +$395 (+15.8%) | −$1,502 (-34.2%) | $2,895 – $2,950 | 10 |
| 2BR | $3,595 | −$304 (-7.8%) | −$2,400 (-40.0%) | $3,595 – $3,595 | 1 |
| 2BR | $4,673 | +$774 (+19.8%) | −$1,322 (-22.1%) | $3,795 – $4,875 | 12 |
| 3BR | $4,695 | −$1,205 (-20.4%) | −$805 (-14.6%) | $4,695 – $4,695 | 1 |
| 3BR | $5,240 | −$660 (-11.2%) | −$260 (-4.7%) | $4,080 – $6,500 | 10 |
| 4BR | $7,248 | −$250 (-3.3%) | −$7,747 (-51.7%) | $6,874 – $7,621 | 2 |
| 4BR | $7,995 | +$498 (+6.6%) | −$7,000 (-46.7%) | $6,500 – $7,995 | 5 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,495 | $1,750 | +$745 (+42.6%) |
| Studio | $2,173 | $1,750 | +$423 (+24.1%) |
| 1BR | $2,723 | $2,129 | +$594 (+27.9%) |
| 1BR | $2,895 | $2,129 | +$766 (+36.0%) |
| 2BR | $3,595 | $2,795 | +$800 (+28.6%) |
| 2BR | $4,673 | $2,795 | +$1,878 (+67.2%) |
| 3BR | $4,695 | $3,923 | +$773 (+19.7%) |
| 3BR | $5,240 | $3,923 | +$1,318 (+33.6%) |
| 4BR | $7,248 | $4,750 | +$2,498 (+52.6%) |
| 4BR | $7,995 | $4,750 | +$3,245 (+68.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.