Monthly Rent Report
Santa Monica Rent Report — June 2023
Asking rents in ZIP 90404, Los Angeles, from 225 listings.
Median 1BR rent in Santa Monica was $2,350 in June 2023, flat versus May 2023 and down 22.3% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,350. That puts Santa Monica $250 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 225 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,195 | −$915 (-29.4%) | −$1,080 (-33.0%) | $2,195 – $2,195 | 1 |
| Studio | $3,170 | +$60 (+1.9%) | −$105 (-3.2%) | $2,623 – $3,385 | 18 |
| 1BR | $2,350 | $0 (0.0%) | −$675 (-22.3%) | $2,350 – $2,350 | 1 |
| 1BR | $3,585 | +$1,235 (+52.6%) | +$560 (+18.5%) | $2,795 – $3,912 | 86 |
| 2BR | $3,095 | +$100 (+3.3%) | −$255 (-7.6%) | $3,095 – $3,095 | 1 |
| 2BR | $4,363 | +$1,368 (+45.7%) | +$1,013 (+30.2%) | $3,196 – $5,134 | 82 |
| 3BR | $5,869 | +$1,894 (+47.6%) | −$231 (-3.8%) | $5,655 – $6,300 | 28 |
| 3BR | $4,995 | +$1,020 (+25.7%) | −$1,105 (-18.1%) | $4,995 – $4,995 | 1 |
| 4BR | $6,500 | −$1,000 (-13.3%) | −$3,500 (-35.0%) | $5,500 – $7,500 | 2 |
| 4BR | $6,500 | −$1,000 (-13.3%) | −$3,500 (-35.0%) | $5,500 – $7,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,195 | $1,758 | +$437 (+24.9%) |
| Studio | $3,170 | $1,758 | +$1,412 (+80.3%) |
| 1BR | $2,350 | $2,100 | +$250 (+11.9%) |
| 1BR | $3,585 | $2,100 | +$1,485 (+70.7%) |
| 2BR | $3,095 | $2,900 | +$195 (+6.7%) |
| 2BR | $4,363 | $2,900 | +$1,463 (+50.4%) |
| 3BR | $5,869 | $3,850 | +$2,019 (+52.4%) |
| 3BR | $4,995 | $3,850 | +$1,145 (+29.7%) |
| 4BR | $6,500 | $5,100 | +$1,400 (+27.5%) |
| 4BR | $6,500 | $5,100 | +$1,400 (+27.5%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.