Monthly Rent Report
Santa Monica Rent Report — February 2023
Asking rents in ZIP 90404, Los Angeles, from 374 listings.
Median 1BR rent in Santa Monica was $3,133 in February 2023, up 33.3% (+$783) from January 2023 and down 10.4% year-over-year. The middle half of 1BR listings asked between $2,650 and $3,993. That puts Santa Monica $1,008 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 374 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,210 | +$1,160 (+56.6%) | +$910 (+39.5%) | $3,108 – $3,280 | 26 |
| Studio | $3,210 | +$1,160 (+56.6%) | +$910 (+39.5%) | $2,471 – $3,279 | 18 |
| 1BR | $3,133 | +$783 (+33.3%) | −$362 (-10.4%) | $2,650 – $3,993 | 138 |
| 1BR | $2,495 | +$145 (+6.2%) | −$1,000 (-28.6%) | $2,495 – $2,495 | 1 |
| 2BR | $3,920 | +$1,125 (+40.3%) | +$470 (+13.6%) | $3,200 – $4,900 | 121 |
| 2BR | $3,995 | +$1,200 (+42.9%) | +$545 (+15.8%) | $3,798 – $4,448 | 3 |
| 3BR | $5,999 | +$200 (+3.4%) | −$1,100 (-15.5%) | $5,238 – $6,096 | 60 |
| 3BR | $4,750 | −$1,049 (-18.1%) | −$2,349 (-33.1%) | $4,750 – $4,750 | 1 |
| 4BR | $8,500 | +$2,600 (+44.1%) | +$3,520 (+70.7%) | $6,975 – $8,500 | 3 |
| 4BR | $8,500 | +$2,600 (+44.1%) | +$3,520 (+70.7%) | $6,975 – $8,500 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,210 | $1,795 | +$1,415 (+78.8%) |
| Studio | $3,210 | $1,795 | +$1,415 (+78.8%) |
| 1BR | $3,133 | $2,125 | +$1,008 (+47.4%) |
| 1BR | $2,495 | $2,125 | +$370 (+17.4%) |
| 2BR | $3,920 | $2,773 | +$1,147 (+41.4%) |
| 2BR | $3,995 | $2,773 | +$1,222 (+44.1%) |
| 3BR | $5,999 | $3,850 | +$2,149 (+55.8%) |
| 3BR | $4,750 | $3,850 | +$900 (+23.4%) |
| 4BR | $8,500 | $4,695 | +$3,805 (+81.0%) |
| 4BR | $8,500 | $4,695 | +$3,805 (+81.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.