Monthly Rent Report
Santa Monica Rent Report — November 2023
Asking rents in ZIP 90404, Los Angeles, from 180 listings.
Median 1BR rent in Santa Monica was $2,350 in November 2023, down 5.8% (−$145) from October 2023 and down 40.5% year-over-year. The middle half of 1BR listings asked between $2,350 and $2,350. That puts Santa Monica $225 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 180 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$52 (-2.8%) | −$1,510 (-45.7%) | $1,795 – $1,795 | 1 |
| Studio | $2,975 | +$1,128 (+61.0%) | −$330 (-10.0%) | $1,895 – $3,209 | 64 |
| 1BR | $2,350 | −$145 (-5.8%) | −$1,600 (-40.5%) | $2,350 – $2,350 | 1 |
| 1BR | $2,095 | −$400 (-16.0%) | −$1,855 (-47.0%) | $2,095 – $2,298 | 3 |
| 2BR | $3,373 | −$977 (-22.5%) | −$127 (-3.6%) | $3,161 – $3,584 | 2 |
| 2BR | $4,148 | −$202 (-4.7%) | +$648 (+18.5%) | $4,071 – $4,224 | 2 |
| 3BR | $5,250 | +$163 (+3.2%) | −$488 (-8.5%) | $5,250 – $5,250 | 1 |
| 3BR | $5,350 | +$262 (+5.1%) | −$388 (-6.8%) | $4,500 – $6,200 | 94 |
| 4BR | $5,975 | +$75 (+1.3%) | — | $5,963 – $6,238 | 3 |
| 4BR | $2,995 | −$2,905 (-49.2%) | — | $2,995 – $2,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,775 | +$20 (+1.1%) |
| Studio | $2,975 | $1,775 | +$1,200 (+67.6%) |
| 1BR | $2,350 | $2,125 | +$225 (+10.6%) |
| 1BR | $2,095 | $2,125 | −$30 (-1.4%) |
| 2BR | $3,373 | $2,795 | +$578 (+20.7%) |
| 2BR | $4,148 | $2,795 | +$1,353 (+48.4%) |
| 3BR | $5,250 | $3,950 | +$1,300 (+32.9%) |
| 3BR | $5,350 | $3,950 | +$1,400 (+35.4%) |
| 4BR | $5,975 | $4,994 | +$981 (+19.6%) |
| 4BR | $2,995 | $4,994 | −$1,999 (-40.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.