Monthly Rent Report
Santa Monica Rent Report — June 2023
Asking rents in ZIP 90405, Los Angeles, from 153 listings.
Median 1BR rent in Santa Monica was $4,223 in June 2023, up 41.0% (+$1,228) from May 2023 and up 34.0% year-over-year. The middle half of 1BR listings asked between $3,209 and $5,236. That puts Santa Monica $2,123 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 153 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$300 (-13.7%) | −$200 (-9.5%) | $1,895 – $1,895 | 1 |
| Studio | $2,175 | −$20 (-0.9%) | +$80 (+3.8%) | $1,995 – $2,215 | 18 |
| 1BR | $4,223 | +$1,228 (+41.0%) | +$1,073 (+34.0%) | $3,209 – $5,236 | 2 |
| 1BR | $2,825 | −$170 (-5.7%) | −$325 (-10.3%) | $2,639 – $3,574 | 66 |
| 2BR | $4,450 | +$141 (+3.3%) | +$1,250 (+39.1%) | $3,398 – $4,713 | 39 |
| 2BR | $4,510 | +$201 (+4.7%) | +$1,310 (+40.9%) | $4,510 – $4,510 | 1 |
| 3BR | $8,375 | +$2,875 (+52.3%) | −$125 (-1.5%) | $7,813 – $8,938 | 2 |
| 3BR | $8,500 | +$3,000 (+54.5%) | $0 (0.0%) | $6,350 – $11,500 | 11 |
| 4BR | $16,875 | +$7,880 (+87.6%) | +$375 (+2.3%) | $14,163 – $17,750 | 4 |
| 4BR | $9,150 | +$155 (+1.7%) | −$7,350 (-44.5%) | $8,900 – $12,950 | 5 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — June 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,758 | +$137 (+7.8%) |
| Studio | $2,175 | $1,758 | +$417 (+23.7%) |
| 1BR | $4,223 | $2,100 | +$2,123 (+101.1%) |
| 1BR | $2,825 | $2,100 | +$725 (+34.5%) |
| 2BR | $4,450 | $2,900 | +$1,550 (+53.4%) |
| 2BR | $4,510 | $2,900 | +$1,610 (+55.5%) |
| 3BR | $8,375 | $3,850 | +$4,525 (+117.5%) |
| 3BR | $8,500 | $3,850 | +$4,650 (+120.8%) |
| 4BR | $16,875 | $5,100 | +$11,775 (+230.9%) |
| 4BR | $9,150 | $5,100 | +$4,050 (+79.4%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.