Monthly Rent Report
Santa Monica Rent Report — September 2023
Asking rents in ZIP 90404, Los Angeles, from 54 listings.
Median 1BR rent in Santa Monica was $2,199 in September 2023, down 3.6% (−$81) from August 2023 and down 20.0% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,400. That puts Santa Monica $199 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 54 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | −$1,117 (-34.7%) | −$1,369 (-39.5%) | $2,100 – $2,100 | 1 |
| Studio | $3,372 | +$155 (+4.8%) | −$97 (-2.8%) | $3,354 – $3,379 | 6 |
| 1BR | $2,199 | −$81 (-3.6%) | −$548 (-20.0%) | $1,895 – $2,400 | 5 |
| 1BR | $3,052 | +$772 (+33.8%) | +$304 (+11.1%) | $2,695 – $3,408 | 4 |
| 2BR | $3,875 | −$2,005 (-34.1%) | −$800 (-17.1%) | $3,800 – $3,950 | 6 |
| 2BR | $5,500 | −$380 (-6.5%) | +$825 (+17.6%) | $5,500 – $5,500 | 1 |
| 3BR | $5,000 | −$999 (-16.7%) | −$700 (-12.3%) | $5,000 – $5,000 | 1 |
| 3BR | $5,595 | −$404 (-6.7%) | −$105 (-1.8%) | $5,200 – $5,950 | 25 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — September 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,795 | +$305 (+17.0%) |
| Studio | $3,372 | $1,795 | +$1,577 (+87.9%) |
| 1BR | $2,199 | $2,000 | +$199 (+10.0%) |
| 1BR | $3,052 | $2,000 | +$1,052 (+52.6%) |
| 2BR | $3,875 | $2,750 | +$1,125 (+40.9%) |
| 2BR | $5,500 | $2,750 | +$2,750 (+100.0%) |
| 3BR | $5,000 | $3,948 | +$1,053 (+26.7%) |
| 3BR | $5,595 | $3,948 | +$1,648 (+41.7%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.