Monthly Rent Report
Santa Monica Rent Report — August 2023
Asking rents in ZIP 90405, Los Angeles, from 85 listings.
Median 1BR rent in Santa Monica was $3,495 in August 2023, up 19.5% (+$570) from July 2023 and up 24.8% year-over-year. The middle half of 1BR listings asked between $3,422 and $3,745. That puts Santa Monica $1,395 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 85 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,775 | −$120 (-6.3%) | −$120 (-6.3%) | $1,775 – $1,775 | 1 |
| Studio | $1,795 | −$100 (-5.3%) | −$100 (-5.3%) | $1,795 – $1,795 | 1 |
| 1BR | $3,495 | +$570 (+19.5%) | +$695 (+24.8%) | $3,422 – $3,745 | 3 |
| 1BR | $3,260 | +$335 (+11.5%) | +$460 (+16.4%) | $2,438 – $3,900 | 18 |
| 2BR | $4,795 | −$4,005 (-45.5%) | −$700 (-12.7%) | $3,773 – $5,725 | 15 |
| 2BR | $6,500 | −$2,300 (-26.1%) | +$1,005 (+18.3%) | $6,500 – $6,500 | 1 |
| 3BR | $6,750 | +$250 (+3.8%) | −$1,745 (-20.5%) | $5,995 – $7,844 | 38 |
| 3BR | $8,750 | +$2,250 (+34.6%) | +$255 (+3.0%) | $8,750 – $8,750 | 1 |
| 4BR | $9,500 | +$4,700 (+97.9%) | +$2,000 (+26.7%) | $9,500 – $9,500 | 1 |
| 4BR | $15,750 | +$10,950 (+228.1%) | +$8,250 (+110.0%) | $12,750 – $16,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — August 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,775 | $1,775 | $0 (0.0%) |
| Studio | $1,795 | $1,775 | +$20 (+1.1%) |
| 1BR | $3,495 | $2,100 | +$1,395 (+66.4%) |
| 1BR | $3,260 | $2,100 | +$1,160 (+55.2%) |
| 2BR | $4,795 | $2,895 | +$1,900 (+65.6%) |
| 2BR | $6,500 | $2,895 | +$3,605 (+124.5%) |
| 3BR | $6,750 | $3,897 | +$2,853 (+73.2%) |
| 3BR | $8,750 | $3,897 | +$4,853 (+124.5%) |
| 4BR | $9,500 | $5,163 | +$4,338 (+84.0%) |
| 4BR | $15,750 | $5,163 | +$10,588 (+205.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.