Monthly Rent Report
Santa Monica Rent Report — January 2023
Asking rents in ZIP 90404, Los Angeles, from 305 listings.
Median 1BR rent in Santa Monica was $2,350 in January 2023, down 38.2% (−$1,450) from December 2022 and down 9.6% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,350. That puts Santa Monica $225 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 305 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,050 | +$55 (+2.8%) | −$969 (-32.1%) | $2,050 – $2,050 | 1 |
| Studio | $3,134 | +$1,139 (+57.1%) | +$115 (+3.8%) | $3,008 – $3,350 | 50 |
| 1BR | $2,350 | −$1,450 (-38.2%) | −$250 (-9.6%) | $2,350 – $2,350 | 1 |
| 1BR | $2,645 | −$1,155 (-30.4%) | +$45 (+1.7%) | $2,446 – $2,971 | 4 |
| 2BR | $2,795 | −$1,102 (-28.3%) | −$100 (-3.5%) | $2,795 – $2,795 | 1 |
| 2BR | $4,195 | +$298 (+7.6%) | +$1,300 (+44.9%) | $3,498 – $5,385 | 136 |
| 3BR | $6,995 | +$795 (+12.8%) | +$2,280 (+48.3%) | $6,995 – $6,995 | 1 |
| 3BR | $5,799 | −$401 (-6.5%) | +$1,084 (+23.0%) | $5,200 – $6,090 | 105 |
| 4BR | $5,900 | +$150 (+2.6%) | −$455 (-7.2%) | $5,900 – $6,700 | 3 |
| 4BR | $5,900 | +$150 (+2.6%) | −$455 (-7.2%) | $5,900 – $6,700 | 3 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,050 | $1,795 | +$255 (+14.2%) |
| Studio | $3,134 | $1,795 | +$1,339 (+74.6%) |
| 1BR | $2,350 | $2,125 | +$225 (+10.6%) |
| 1BR | $2,645 | $2,125 | +$520 (+24.5%) |
| 2BR | $2,795 | $2,861 | −$66 (-2.3%) |
| 2BR | $4,195 | $2,861 | +$1,334 (+46.6%) |
| 3BR | $6,995 | $3,848 | +$3,148 (+81.8%) |
| 3BR | $5,799 | $3,848 | +$1,952 (+50.7%) |
| 4BR | $5,900 | $5,000 | +$901 (+18.0%) |
| 4BR | $5,900 | $5,000 | +$901 (+18.0%) |
Citywide figure is the median of zip-level medians across 131 Los Angeles zip codes with listings in January 2023.