Monthly Rent Report
Santa Monica Rent Report — September 2023
Asking rents in ZIP 90405, Los Angeles, from 72 listings.
Median 1BR rent in Santa Monica was $2,145 in September 2023, down 34.2% (−$1,115) from August 2023 and down 28.5% year-over-year. The middle half of 1BR listings asked between $2,145 and $2,145. That puts Santa Monica $145 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 72 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,923 | +$1,128 (+62.8%) | +$728 (+33.1%) | $2,449 – $2,973 | 6 |
| Studio | $1,945 | +$150 (+8.4%) | −$250 (-11.4%) | $1,870 – $1,995 | 4 |
| 1BR | $2,145 | −$1,115 (-34.2%) | −$855 (-28.5%) | $2,145 – $2,145 | 1 |
| 1BR | $2,395 | −$865 (-26.5%) | −$605 (-20.2%) | $2,395 – $2,395 | 7 |
| 2BR | $4,775 | −$20 (-0.4%) | +$480 (+11.2%) | $4,295 – $6,100 | 33 |
| 2BR | $3,000 | −$1,795 (-37.4%) | −$1,295 (-30.2%) | $3,000 – $3,000 | 1 |
| 3BR | $9,125 | +$375 (+4.3%) | +$4,130 (+82.7%) | $6,300 – $15,225 | 16 |
| 3BR | $6,000 | −$2,750 (-31.4%) | +$1,005 (+20.1%) | $6,000 – $6,000 | 1 |
| 4BR | $10,995 | +$1,495 (+15.7%) | +$1,045 (+10.5%) | $10,995 – $10,995 | 1 |
| 4BR | $10,495 | +$995 (+10.5%) | +$545 (+5.5%) | $10,245 – $10,745 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — September 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,923 | $1,795 | +$1,128 (+62.8%) |
| Studio | $1,945 | $1,795 | +$150 (+8.4%) |
| 1BR | $2,145 | $2,000 | +$145 (+7.2%) |
| 1BR | $2,395 | $2,000 | +$395 (+19.8%) |
| 2BR | $4,775 | $2,750 | +$2,025 (+73.6%) |
| 2BR | $3,000 | $2,750 | +$250 (+9.1%) |
| 3BR | $9,125 | $3,948 | +$5,178 (+131.2%) |
| 3BR | $6,000 | $3,948 | +$2,053 (+52.0%) |
| 4BR | $10,995 | $5,000 | +$5,995 (+119.9%) |
| 4BR | $10,495 | $5,000 | +$5,495 (+109.9%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.