Monthly Rent Report
Santa Monica Rent Report — December 2023
Asking rents in ZIP 90404, Los Angeles, from 22 listings.
Median 1BR rent in Santa Monica was $2,025 in December 2023, down 13.8% (−$325) from November 2023 and down 46.7% year-over-year. The middle half of 1BR listings asked between $2,025 and $2,025. That puts Santa Monica $104 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 22 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,905 | −$1,070 (-36.0%) | −$90 (-4.5%) | $1,855 – $1,955 | 6 |
| Studio | $1,595 | −$1,380 (-46.4%) | −$400 (-20.1%) | $1,595 – $1,595 | 1 |
| 1BR | $2,025 | −$325 (-13.8%) | −$1,775 (-46.7%) | $2,025 – $2,025 | 1 |
| 1BR | $2,495 | +$145 (+6.2%) | −$1,305 (-34.3%) | $2,495 – $2,495 | 1 |
| 2BR | $3,981 | +$609 (+18.0%) | +$84 (+2.1%) | $3,822 – $4,141 | 2 |
| 2BR | $2,795 | −$577 (-17.1%) | −$1,102 (-28.3%) | $2,795 – $2,795 | 4 |
| 3BR | $5,600 | +$251 (+4.7%) | −$600 (-9.7%) | $5,600 – $5,600 | 1 |
| 3BR | $4,298 | −$1,052 (-19.7%) | −$1,902 (-30.7%) | $4,199 – $4,396 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,905 | $1,750 | +$155 (+8.9%) |
| Studio | $1,595 | $1,750 | −$155 (-8.9%) |
| 1BR | $2,025 | $2,129 | −$104 (-4.9%) |
| 1BR | $2,495 | $2,129 | +$366 (+17.2%) |
| 2BR | $3,981 | $2,795 | +$1,186 (+42.4%) |
| 2BR | $2,795 | $2,795 | $0 (0.0%) |
| 3BR | $5,600 | $3,923 | +$1,678 (+42.8%) |
| 3BR | $4,298 | $3,923 | +$375 (+9.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.