Monthly Rent Report
Santa Monica Rent Report — March 2023
Asking rents in ZIP 90404, Los Angeles, from 523 listings.
Median 1BR rent in Santa Monica was $3,100 in March 2023, down 1.0% (−$32) from February 2023 and up 10.9% year-over-year. The middle half of 1BR listings asked between $2,575 and $3,250. That puts Santa Monica $1,003 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 523 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,275 | +$66 (+2.0%) | +$237 (+7.8%) | $3,115 – $3,924 | 43 |
| Studio | $1,995 | −$1,214 (-37.8%) | −$1,043 (-34.3%) | $1,995 – $1,995 | 1 |
| 1BR | $3,100 | −$32 (-1.0%) | +$305 (+10.9%) | $2,575 – $3,250 | 6 |
| 1BR | $3,448 | +$316 (+10.1%) | +$653 (+23.4%) | $2,495 – $3,965 | 190 |
| 2BR | $3,595 | −$325 (-8.3%) | −$200 (-5.3%) | $3,595 – $3,595 | 1 |
| 2BR | $4,195 | +$275 (+7.0%) | +$400 (+10.5%) | $3,500 – $5,200 | 182 |
| 3BR | $5,798 | −$201 (-3.4%) | +$2,203 (+61.3%) | $4,996 – $6,129 | 90 |
| 3BR | $5,300 | −$699 (-11.7%) | +$1,705 (+47.4%) | $5,300 – $5,300 | 1 |
| 4BR | $4,775 | −$3,725 (-43.8%) | — | $4,500 – $5,163 | 8 |
| 4BR | $6,000 | −$2,500 (-29.4%) | — | $6,000 – $6,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,275 | $1,745 | +$1,530 (+87.7%) |
| Studio | $1,995 | $1,745 | +$250 (+14.3%) |
| 1BR | $3,100 | $2,097 | +$1,003 (+47.8%) |
| 1BR | $3,448 | $2,097 | +$1,351 (+64.4%) |
| 2BR | $3,595 | $2,750 | +$845 (+30.7%) |
| 2BR | $4,195 | $2,750 | +$1,445 (+52.5%) |
| 3BR | $5,798 | $3,923 | +$1,875 (+47.8%) |
| 3BR | $5,300 | $3,923 | +$1,378 (+35.1%) |
| 4BR | $4,775 | $4,760 | +$15 (+0.3%) |
| 4BR | $6,000 | $4,760 | +$1,240 (+26.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.