Monthly Rent Report
Santa Monica Rent Report — May 2022
Asking rents in ZIP 90404, Los Angeles, from 17 listings.
Median 1BR rent in Santa Monica was $2,936 in May 2022, down 12.2% (−$407) from April 2022 and up 10.8% year-over-year. The middle half of 1BR listings asked between $2,593 and $3,278. That puts Santa Monica $986 above the Los Angeles citywide 1BR median of $1,950. The month's figures are based on 17 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,760 | −$1,724 (-49.5%) | +$10 (+0.6%) | $1,743 – $1,778 | 2 |
| 1BR | $2,936 | −$407 (-12.2%) | +$286 (+10.8%) | $2,593 – $3,278 | 2 |
| 1BR | $2,263 | −$1,080 (-32.3%) | −$387 (-14.6%) | $2,256 – $2,269 | 2 |
| 2BR | $4,098 | −$497 (-10.8%) | +$1,303 (+46.6%) | $3,799 – $4,396 | 2 |
| 2BR | $3,900 | −$695 (-15.1%) | +$1,105 (+39.5%) | $3,900 – $3,900 | 6 |
| 3BR | $6,000 | −$1,099 (-15.5%) | +$650 (+12.1%) | $6,000 – $6,000 | 1 |
| 4BR | $8,200 | +$2,850 (+53.3%) | — | $8,200 – $8,200 | 1 |
| 4BR | $8,795 | +$3,445 (+64.4%) | — | $8,795 – $8,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2022
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,760 | $1,620 | +$140 (+8.6%) |
| 1BR | $2,936 | $1,950 | +$986 (+50.5%) |
| 1BR | $2,263 | $1,950 | +$313 (+16.0%) |
| 2BR | $4,098 | $2,800 | +$1,298 (+46.3%) |
| 2BR | $3,900 | $2,800 | +$1,100 (+39.3%) |
| 3BR | $6,000 | $3,995 | +$2,005 (+50.2%) |
| 4BR | $8,200 | $5,100 | +$3,100 (+60.8%) |
| 4BR | $8,795 | $5,100 | +$3,695 (+72.5%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2022.