Monthly Rent Report
Santa Monica Rent Report — April 2023
Asking rents in ZIP 90404, Los Angeles, from 622 listings.
Median 1BR rent in Santa Monica was $2,695 in April 2023, down 13.1% (−$405) from March 2023 and down 19.4% year-over-year. The middle half of 1BR listings asked between $2,695 and $2,695. That puts Santa Monica $598 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 622 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,099 | +$1,104 (+55.3%) | −$385 (-11.1%) | $2,295 – $3,284 | 59 |
| Studio | $3,097 | +$1,102 (+55.2%) | −$387 (-11.1%) | $2,295 – $3,284 | 60 |
| 1BR | $2,695 | −$405 (-13.1%) | −$647 (-19.4%) | $2,695 – $2,695 | 1 |
| 1BR | $3,400 | +$300 (+9.7%) | +$58 (+1.7%) | $2,495 – $3,995 | 214 |
| 2BR | $4,500 | +$905 (+25.2%) | −$95 (-2.1%) | $3,500 – $5,334 | 177 |
| 2BR | $3,095 | −$500 (-13.9%) | −$1,500 (-32.6%) | $3,095 – $3,095 | 1 |
| 3BR | $5,749 | −$48 (-0.8%) | −$1,350 (-19.0%) | $5,300 – $6,115 | 93 |
| 3BR | $4,250 | −$1,547 (-26.7%) | −$2,849 (-40.1%) | $4,250 – $4,250 | 1 |
| 4BR | $4,500 | −$275 (-5.8%) | −$850 (-15.9%) | $4,500 – $4,500 | 1 |
| 4BR | $5,500 | +$725 (+15.2%) | +$150 (+2.8%) | $4,800 – $7,500 | 9 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,099 | $1,775 | +$1,324 (+74.6%) |
| Studio | $3,097 | $1,775 | +$1,322 (+74.5%) |
| 1BR | $2,695 | $2,097 | +$598 (+28.5%) |
| 1BR | $3,400 | $2,097 | +$1,303 (+62.2%) |
| 2BR | $4,500 | $2,795 | +$1,705 (+61.0%) |
| 2BR | $3,095 | $2,795 | +$300 (+10.7%) |
| 3BR | $5,749 | $3,895 | +$1,854 (+47.6%) |
| 3BR | $4,250 | $3,895 | +$355 (+9.1%) |
| 4BR | $4,500 | $4,970 | −$470 (-9.5%) |
| 4BR | $5,500 | $4,970 | +$530 (+10.7%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.