Monthly Rent Report
Santa Monica Rent Report — March 2023
Asking rents in ZIP 90405, Los Angeles, from 423 listings.
Median 1BR rent in Santa Monica was $2,995 in March 2023, up 2.4% (+$70) from February 2023 and down 40.1% year-over-year. The middle half of 1BR listings asked between $2,673 and $3,495. That puts Santa Monica $898 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 423 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | +$200 (+10.6%) | +$400 (+23.6%) | $1,955 – $2,295 | 49 |
| Studio | $2,195 | +$300 (+15.8%) | +$500 (+29.5%) | $2,195 – $2,195 | 1 |
| 1BR | $2,995 | +$70 (+2.4%) | −$2,005 (-40.1%) | $2,673 – $3,495 | 3 |
| 1BR | $2,899 | −$26 (-0.9%) | −$2,101 (-42.0%) | $2,495 – $3,290 | 163 |
| 2BR | $5,498 | +$848 (+18.2%) | +$1,898 (+52.7%) | $4,496 – $6,499 | 2 |
| 2BR | $4,423 | −$227 (-4.9%) | +$823 (+22.8%) | $3,375 – $5,663 | 136 |
| 3BR | $8,500 | +$978 (+13.0%) | −$10,000 (-54.1%) | $6,250 – $17,500 | 53 |
| 3BR | $5,600 | −$1,922 (-25.6%) | −$12,900 (-69.7%) | $5,600 – $5,600 | 1 |
| 4BR | $9,600 | −$1,900 (-16.5%) | −$395 (-4.0%) | $7,900 – $9,600 | 5 |
| 4BR | $8,425 | −$3,075 (-26.7%) | −$1,570 (-15.7%) | $7,900 – $9,600 | 10 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — March 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $1,745 | +$350 (+20.1%) |
| Studio | $2,195 | $1,745 | +$450 (+25.8%) |
| 1BR | $2,995 | $2,097 | +$898 (+42.8%) |
| 1BR | $2,899 | $2,097 | +$802 (+38.3%) |
| 2BR | $5,498 | $2,750 | +$2,748 (+99.9%) |
| 2BR | $4,423 | $2,750 | +$1,673 (+60.8%) |
| 3BR | $8,500 | $3,923 | +$4,578 (+116.7%) |
| 3BR | $5,600 | $3,923 | +$1,678 (+42.8%) |
| 4BR | $9,600 | $4,760 | +$4,840 (+101.7%) |
| 4BR | $8,425 | $4,760 | +$3,665 (+77.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.