Monthly Rent Report
Santa Monica Rent Report — February 2023
Asking rents in ZIP 90405, Los Angeles, from 296 listings.
Median 1BR rent in Santa Monica was $2,925 in February 2023, down 12.0% (−$397) from January 2023 and up 0.9% year-over-year. The middle half of 1BR listings asked between $2,595 and $3,250. That puts Santa Monica $800 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 296 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | +$95 (+5.3%) | −$117 (-5.8%) | $1,799 – $2,295 | 24 |
| Studio | $1,895 | +$95 (+5.3%) | −$117 (-5.8%) | $1,800 – $2,295 | 19 |
| 1BR | $2,925 | −$397 (-12.0%) | +$25 (+0.9%) | $2,595 – $3,250 | 113 |
| 1BR | $3,573 | +$250 (+7.5%) | +$673 (+23.2%) | $3,361 – $3,784 | 2 |
| 2BR | $4,650 | −$200 (-4.1%) | −$1,700 (-26.8%) | $4,650 – $4,650 | 1 |
| 2BR | $4,798 | −$52 (-1.1%) | −$1,552 (-24.4%) | $3,550 – $5,250 | 104 |
| 3BR | $3,000 | −$4,475 (-59.9%) | −$4,750 (-61.3%) | $3,000 – $3,000 | 1 |
| 3BR | $7,522 | +$47 (+0.6%) | −$228 (-2.9%) | $6,495 – $9,300 | 24 |
| 4BR | $11,500 | +$2,000 (+21.1%) | — | $10,863 – $11,500 | 4 |
| 4BR | $11,500 | +$2,000 (+21.1%) | — | $10,863 – $11,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — February 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,795 | +$100 (+5.6%) |
| Studio | $1,895 | $1,795 | +$100 (+5.6%) |
| 1BR | $2,925 | $2,125 | +$800 (+37.6%) |
| 1BR | $3,573 | $2,125 | +$1,448 (+68.1%) |
| 2BR | $4,650 | $2,773 | +$1,877 (+67.7%) |
| 2BR | $4,798 | $2,773 | +$2,025 (+73.0%) |
| 3BR | $3,000 | $3,850 | −$850 (-22.1%) |
| 3BR | $7,522 | $3,850 | +$3,672 (+95.4%) |
| 4BR | $11,500 | $4,695 | +$6,805 (+144.9%) |
| 4BR | $11,500 | $4,695 | +$6,805 (+144.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.