Monthly Rent Report
Santa Monica Rent Report — May 2023
Asking rents in ZIP 90405, Los Angeles, from 255 listings.
Median 1BR rent in Santa Monica was $2,995 in May 2023, up 7.2% (+$200) from April 2023 and up 20.0% year-over-year. The middle half of 1BR listings asked between $2,649 and $3,380. That puts Santa Monica $873 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 255 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,195 | $0 (0.0%) | +$500 (+29.5%) | $2,195 – $2,195 | 1 |
| Studio | $2,195 | $0 (0.0%) | +$500 (+29.5%) | $1,923 – $2,425 | 27 |
| 1BR | $2,995 | +$200 (+7.2%) | +$500 (+20.0%) | $2,649 – $3,380 | 118 |
| 1BR | $3,499 | +$704 (+25.2%) | +$1,004 (+40.2%) | $3,499 – $3,499 | 1 |
| 2BR | $4,309 | −$191 (-4.2%) | −$1,691 (-28.2%) | $3,500 – $5,498 | 67 |
| 2BR | $4,635 | +$135 (+3.0%) | −$1,365 (-22.8%) | $4,455 – $4,815 | 2 |
| 3BR | $7,500 | +$1,550 (+26.1%) | +$4,025 (+115.8%) | $5,950 – $9,950 | 27 |
| 3BR | $5,500 | −$450 (-7.6%) | +$2,025 (+58.3%) | $5,500 – $5,500 | 1 |
| 4BR | $8,973 | +$23 (+0.3%) | — | $8,950 – $8,999 | 6 |
| 4BR | $8,995 | +$45 (+0.5%) | — | $8,995 – $8,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — May 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,195 | $1,750 | +$445 (+25.4%) |
| Studio | $2,195 | $1,750 | +$445 (+25.4%) |
| 1BR | $2,995 | $2,122 | +$873 (+41.1%) |
| 1BR | $3,499 | $2,122 | +$1,377 (+64.9%) |
| 2BR | $4,309 | $2,780 | +$1,529 (+55.0%) |
| 2BR | $4,635 | $2,780 | +$1,855 (+66.7%) |
| 3BR | $7,500 | $3,943 | +$3,558 (+90.2%) |
| 3BR | $5,500 | $3,943 | +$1,558 (+39.5%) |
| 4BR | $8,973 | $5,000 | +$3,973 (+79.5%) |
| 4BR | $8,995 | $5,000 | +$3,995 (+79.9%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.