Monthly Rent Report
Santa Monica Rent Report — August 2023
Asking rents in ZIP 90404, Los Angeles, from 45 listings.
Median 1BR rent in Santa Monica was $2,280 in August 2023, down 12.1% (−$315) from July 2023 and up 3.9% year-over-year. The middle half of 1BR listings asked between $2,280 and $2,280. That puts Santa Monica $180 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 45 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$1,005 (-33.5%) | +$600 (+43.0%) | $1,995 – $1,995 | 1 |
| Studio | $3,217 | +$217 (+7.2%) | +$1,822 (+130.6%) | $2,891 – $3,670 | 12 |
| 1BR | $2,280 | −$315 (-12.1%) | +$85 (+3.9%) | $2,280 – $2,280 | 1 |
| 1BR | $2,195 | −$400 (-15.4%) | $0 (0.0%) | $2,195 – $2,395 | 3 |
| 2BR | $4,500 | +$1,025 (+29.5%) | −$1,380 (-23.5%) | $4,500 – $4,500 | 6 |
| 2BR | $5,880 | +$2,405 (+69.2%) | $0 (0.0%) | $5,880 – $5,880 | 1 |
| 3BR | $7,623 | +$1,374 (+22.0%) | +$2,173 (+39.9%) | $7,559 – $7,686 | 2 |
| 3BR | $5,999 | −$250 (-4.0%) | +$549 (+10.1%) | $5,535 – $6,423 | 11 |
| 4BR | $7,000 | −$500 (-6.7%) | −$900 (-11.4%) | $7,000 – $7,000 | 1 |
| 4BR | $6,800 | −$700 (-9.3%) | −$1,100 (-13.9%) | $6,050 – $7,550 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,775 | +$220 (+12.4%) |
| Studio | $3,217 | $1,775 | +$1,442 (+81.2%) |
| 1BR | $2,280 | $2,100 | +$180 (+8.6%) |
| 1BR | $2,195 | $2,100 | +$95 (+4.5%) |
| 2BR | $4,500 | $2,895 | +$1,605 (+55.4%) |
| 2BR | $5,880 | $2,895 | +$2,985 (+103.1%) |
| 3BR | $7,623 | $3,897 | +$3,725 (+95.6%) |
| 3BR | $5,999 | $3,897 | +$2,102 (+53.9%) |
| 4BR | $7,000 | $5,163 | +$1,838 (+35.6%) |
| 4BR | $6,800 | $5,163 | +$1,638 (+31.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.