Monthly Rent Report
Santa Monica Rent Report — July 2023
Asking rents in ZIP 90404, Los Angeles, from 136 listings.
Median 1BR rent in Santa Monica was $2,595 in July 2023, down 27.6% (−$990) from June 2023 and down 13.4% year-over-year. The middle half of 1BR listings asked between $2,595 and $2,595. That puts Santa Monica $470 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 136 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,284 | +$114 (+3.6%) | +$1,534 (+87.7%) | $2,200 – $3,480 | 10 |
| Studio | $3,000 | −$170 (-5.4%) | +$1,250 (+71.4%) | $2,250 – $3,400 | 27 |
| 1BR | $2,595 | −$990 (-27.6%) | −$400 (-13.4%) | $2,595 – $2,595 | 1 |
| 1BR | $3,281 | −$304 (-8.5%) | +$286 (+9.5%) | $2,450 – $3,893 | 47 |
| 2BR | $3,600 | +$505 (+16.3%) | −$950 (-20.9%) | $3,600 – $3,600 | 1 |
| 2BR | $3,475 | +$380 (+12.3%) | −$1,075 (-23.6%) | $3,124 – $4,974 | 30 |
| 3BR | $6,249 | +$380 (+6.5%) | +$2,954 (+89.7%) | $4,675 – $6,854 | 15 |
| 3BR | $4,950 | −$919 (-15.7%) | +$1,655 (+50.2%) | $4,950 – $4,950 | 1 |
| 4BR | $8,500 | +$2,000 (+30.8%) | — | $8,500 – $8,500 | 1 |
| 4BR | $7,500 | +$1,000 (+15.4%) | — | $7,500 – $7,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,284 | $1,800 | +$1,484 (+82.4%) |
| Studio | $3,000 | $1,800 | +$1,200 (+66.7%) |
| 1BR | $2,595 | $2,125 | +$470 (+22.1%) |
| 1BR | $3,281 | $2,125 | +$1,156 (+54.4%) |
| 2BR | $3,600 | $2,873 | +$727 (+25.3%) |
| 2BR | $3,475 | $2,873 | +$602 (+20.9%) |
| 3BR | $6,249 | $3,836 | +$2,413 (+62.9%) |
| 3BR | $4,950 | $3,836 | +$1,114 (+29.0%) |
| 4BR | $8,500 | $4,572 | +$3,928 (+85.9%) |
| 4BR | $7,500 | $4,572 | +$2,928 (+64.0%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.