Monthly Rent Report
Santa Monica Rent Report — January 2023
Asking rents in ZIP 90405, Los Angeles, from 277 listings.
Median 1BR rent in Santa Monica was $3,150 in January 2023, flat versus December 2022 and up 425.0% year-over-year. The middle half of 1BR listings asked between $2,650 and $3,499. That puts Santa Monica $1,025 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 277 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$200 (-9.5%) | −$694 (-26.8%) | $1,800 – $1,995 | 25 |
| Studio | $1,800 | −$295 (-14.1%) | −$789 (-30.5%) | $1,800 – $1,800 | 2 |
| 1BR | $3,150 | $0 (0.0%) | +$2,550 (+425.0%) | $2,650 – $3,499 | 134 |
| 1BR | $3,323 | +$173 (+5.5%) | +$2,723 (+453.7%) | $3,309 – $3,336 | 2 |
| 2BR | $4,850 | +$1,050 (+27.6%) | +$200 (+4.3%) | $4,300 – $5,534 | 88 |
| 2BR | $3,450 | −$350 (-9.2%) | −$1,200 (-25.8%) | $3,450 – $3,450 | 1 |
| 3BR | $7,475 | +$625 (+9.1%) | −$572 (-7.1%) | $6,750 – $9,588 | 14 |
| 3BR | $7,695 | +$845 (+12.3%) | −$352 (-4.4%) | $7,695 – $7,695 | 1 |
| 4BR | $8,950 | −$1,550 (-14.8%) | — | $8,950 – $8,950 | 9 |
| 4BR | $9,500 | −$1,000 (-9.5%) | — | $9,500 – $9,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — January 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,795 | +$100 (+5.6%) |
| Studio | $1,800 | $1,795 | +$5 (+0.3%) |
| 1BR | $3,150 | $2,125 | +$1,025 (+48.2%) |
| 1BR | $3,323 | $2,125 | +$1,198 (+56.4%) |
| 2BR | $4,850 | $2,861 | +$1,989 (+69.5%) |
| 2BR | $3,450 | $2,861 | +$589 (+20.6%) |
| 3BR | $7,475 | $3,848 | +$3,628 (+94.3%) |
| 3BR | $7,695 | $3,848 | +$3,848 (+100.0%) |
| 4BR | $8,950 | $5,000 | +$3,951 (+79.0%) |
| 4BR | $9,500 | $5,000 | +$4,501 (+90.0%) |
Citywide figure is the median of zip-level medians across 131 Los Angeles zip codes with listings in January 2023.