Monthly Rent Report
Santa Monica Rent Report — April 2023
Asking rents in ZIP 90405, Los Angeles, from 419 listings.
Median 1BR rent in Santa Monica was $2,995 in April 2023, up 3.3% (+$96) from March 2023 and up 11.1% year-over-year. The middle half of 1BR listings asked between $2,845 and $3,145. That puts Santa Monica $898 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 419 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,195 | +$100 (+4.8%) | −$204 (-8.5%) | $2,075 – $2,299 | 32 |
| Studio | $2,195 | +$100 (+4.8%) | −$204 (-8.5%) | $2,075 – $2,299 | 32 |
| 1BR | $2,995 | +$96 (+3.3%) | +$300 (+11.1%) | $2,845 – $3,145 | 2 |
| 1BR | $2,795 | −$104 (-3.6%) | +$100 (+3.7%) | $2,450 – $3,290 | 174 |
| 2BR | $4,500 | +$78 (+1.8%) | $0 (0.0%) | $3,350 – $5,925 | 128 |
| 2BR | $2,900 | −$1,522 (-34.4%) | −$1,600 (-35.6%) | $2,900 – $2,900 | 1 |
| 3BR | $5,950 | −$2,550 (-30.0%) | −$3,250 (-35.3%) | $5,950 – $5,950 | 1 |
| 3BR | $6,375 | −$2,125 (-25.0%) | −$2,825 (-30.7%) | $5,500 – $8,875 | 44 |
| 4BR | $8,950 | −$650 (-6.8%) | — | $8,688 – $9,113 | 4 |
| 4BR | $6,575 | −$3,025 (-31.5%) | — | $6,575 – $6,575 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — April 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,195 | $1,775 | +$420 (+23.7%) |
| Studio | $2,195 | $1,775 | +$420 (+23.7%) |
| 1BR | $2,995 | $2,097 | +$898 (+42.8%) |
| 1BR | $2,795 | $2,097 | +$698 (+33.3%) |
| 2BR | $4,500 | $2,795 | +$1,705 (+61.0%) |
| 2BR | $2,900 | $2,795 | +$105 (+3.8%) |
| 3BR | $5,950 | $3,895 | +$2,055 (+52.8%) |
| 3BR | $6,375 | $3,895 | +$2,480 (+63.7%) |
| 4BR | $8,950 | $4,970 | +$3,980 (+80.1%) |
| 4BR | $6,575 | $4,970 | +$1,605 (+32.3%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.