Monthly Rent Report
Santa Monica Rent Report — May 2023
Asking rents in ZIP 90404, Los Angeles, from 424 listings.
Median 1BR rent in Santa Monica was $3,293 in May 2023, up 22.2% (+$598) from April 2023 and up 45.5% year-over-year. The middle half of 1BR listings asked between $2,395 and $3,934. That puts Santa Monica $1,171 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 424 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,110 | +$11 (+0.4%) | +$1,350 (+76.7%) | $2,697 – $3,305 | 35 |
| Studio | $1,895 | −$1,204 (-38.9%) | +$135 (+7.7%) | $1,895 – $1,895 | 1 |
| 1BR | $3,293 | +$598 (+22.2%) | +$1,031 (+45.5%) | $2,395 – $3,934 | 154 |
| 1BR | $2,350 | −$345 (-12.8%) | +$88 (+3.9%) | $2,350 – $2,350 | 2 |
| 2BR | $2,995 | −$1,505 (-33.4%) | −$905 (-23.2%) | $2,995 – $2,995 | 1 |
| 2BR | $4,399 | −$101 (-2.2%) | +$499 (+12.8%) | $3,361 – $5,075 | 154 |
| 3BR | $3,975 | −$1,774 (-30.9%) | −$2,025 (-33.8%) | $3,975 – $3,975 | 1 |
| 3BR | $5,749 | $0 (0.0%) | −$251 (-4.2%) | $4,898 – $6,160 | 63 |
| 4BR | $7,500 | +$2,000 (+36.4%) | −$1,295 (-14.7%) | $6,225 – $8,625 | 8 |
| 4BR | $3,295 | −$2,205 (-40.1%) | −$5,500 (-62.5%) | $3,295 – $3,295 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,110 | $1,750 | +$1,360 (+77.7%) |
| Studio | $1,895 | $1,750 | +$145 (+8.3%) |
| 1BR | $3,293 | $2,122 | +$1,171 (+55.2%) |
| 1BR | $2,350 | $2,122 | +$228 (+10.7%) |
| 2BR | $2,995 | $2,780 | +$215 (+7.7%) |
| 2BR | $4,399 | $2,780 | +$1,619 (+58.2%) |
| 3BR | $3,975 | $3,943 | +$33 (+0.8%) |
| 3BR | $5,749 | $3,943 | +$1,807 (+45.8%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
| 4BR | $3,295 | $5,000 | −$1,705 (-34.1%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.