Monthly Rent Report
Santa Monica Rent Report — October 2023
Asking rents in ZIP 90404, Los Angeles, from 167 listings.
Median 1BR rent in Santa Monica was $2,350 in October 2023, down 23.0% (−$701) from September 2023 and down 5.8% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,350. That puts Santa Monica $353 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 167 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,848 | −$1,524 (-45.2%) | −$1,786 (-49.2%) | $1,688 – $2,234 | 4 |
| Studio | $2,959 | −$413 (-12.2%) | −$675 (-18.6%) | $2,395 – $3,129 | 69 |
| 1BR | $2,350 | −$701 (-23.0%) | −$145 (-5.8%) | $2,350 – $2,350 | 1 |
| 1BR | $2,495 | −$556 (-18.2%) | $0 (0.0%) | $2,395 – $2,837 | 48 |
| 2BR | $4,350 | −$1,150 (-20.9%) | +$1,020 (+30.6%) | $4,350 – $4,350 | 1 |
| 2BR | $2,995 | −$2,505 (-45.5%) | −$335 (-10.1%) | $2,995 – $8,500 | 5 |
| 3BR | $4,975 | −$25 (-0.5%) | +$225 (+4.7%) | $4,975 – $4,975 | 1 |
| 3BR | $5,088 | +$88 (+1.8%) | +$338 (+7.1%) | $4,049 – $5,438 | 30 |
| 4BR | $5,950 | — | +$2,700 (+83.1%) | $5,950 – $6,225 | 3 |
| 4BR | $5,900 | — | +$2,650 (+81.5%) | $5,900 – $5,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,848 | $1,700 | +$148 (+8.7%) |
| Studio | $2,959 | $1,700 | +$1,259 (+74.1%) |
| 1BR | $2,350 | $1,998 | +$353 (+17.6%) |
| 1BR | $2,495 | $1,998 | +$498 (+24.9%) |
| 2BR | $4,350 | $2,750 | +$1,600 (+58.2%) |
| 2BR | $2,995 | $2,750 | +$245 (+8.9%) |
| 3BR | $4,975 | $4,195 | +$780 (+18.6%) |
| 3BR | $5,088 | $4,195 | +$893 (+21.3%) |
| 4BR | $5,950 | $5,275 | +$675 (+12.8%) |
| 4BR | $5,900 | $5,275 | +$625 (+11.8%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.