Monthly Rent Report
Santa Monica Rent Report — July 2023
Asking rents in ZIP 90405, Los Angeles, from 166 listings.
Median 1BR rent in Santa Monica was $2,925 in July 2023, up 3.5% (+$100) from June 2023 and down 18.8% year-over-year. The middle half of 1BR listings asked between $2,788 and $3,063. That puts Santa Monica $800 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 166 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | −$25 (-1.1%) | +$255 (+13.5%) | $1,795 – $2,175 | 5 |
| Studio | $1,895 | −$280 (-12.9%) | $0 (0.0%) | $1,895 – $1,895 | 1 |
| 1BR | $2,925 | +$100 (+3.5%) | −$675 (-18.8%) | $2,788 – $3,063 | 2 |
| 1BR | $3,030 | +$205 (+7.3%) | −$570 (-15.8%) | $2,620 – $3,646 | 38 |
| 2BR | $2,475 | −$1,975 (-44.4%) | −$2,324 (-48.4%) | $2,475 – $2,475 | 1 |
| 2BR | $8,800 | +$4,350 (+97.8%) | +$4,001 (+83.4%) | $8,800 – $8,800 | 106 |
| 3BR | $6,300 | −$2,075 (-24.8%) | −$600 (-8.7%) | $6,300 – $6,300 | 1 |
| 3BR | $6,500 | −$1,875 (-22.4%) | −$400 (-5.8%) | $6,250 – $7,375 | 3 |
| 4BR | $15,000 | −$1,875 (-11.1%) | +$9,505 (+173.0%) | $9,500 – $15,000 | 5 |
| 4BR | $4,800 | −$12,075 (-71.6%) | −$695 (-12.6%) | $4,800 – $4,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — July 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,800 | +$350 (+19.4%) |
| Studio | $1,895 | $1,800 | +$95 (+5.3%) |
| 1BR | $2,925 | $2,125 | +$800 (+37.6%) |
| 1BR | $3,030 | $2,125 | +$905 (+42.6%) |
| 2BR | $2,475 | $2,873 | −$398 (-13.9%) |
| 2BR | $8,800 | $2,873 | +$5,927 (+206.3%) |
| 3BR | $6,300 | $3,836 | +$2,464 (+64.2%) |
| 3BR | $6,500 | $3,836 | +$2,664 (+69.5%) |
| 4BR | $15,000 | $4,572 | +$10,428 (+228.1%) |
| 4BR | $4,800 | $4,572 | +$228 (+5.0%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.