Monthly Rent Report
Santa Monica Rent Report — October 2023
Asking rents in ZIP 90405, Los Angeles, from 116 listings.
Median 1BR rent in Santa Monica was $2,895 in October 2023, up 35.0% (+$750) from September 2023 and up 5.3% year-over-year. The middle half of 1BR listings asked between $2,450 and $4,350. That puts Santa Monica $898 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 116 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | −$1,027 (-35.2%) | −$100 (-5.0%) | $1,795 – $1,995 | 21 |
| Studio | $1,395 | −$1,527 (-52.3%) | −$600 (-30.1%) | $1,395 – $1,395 | 1 |
| 1BR | $2,895 | +$750 (+35.0%) | +$145 (+5.3%) | $2,450 – $4,350 | 61 |
| 1BR | $5,875 | +$3,730 (+173.9%) | +$3,125 (+113.6%) | $5,875 – $5,875 | 2 |
| 2BR | $7,900 | +$3,125 (+65.4%) | +$4,150 (+110.7%) | $7,900 – $7,900 | 1 |
| 2BR | $3,600 | −$1,175 (-24.6%) | −$150 (-4.0%) | $3,313 – $5,800 | 6 |
| 3BR | $5,500 | −$3,625 (-39.7%) | −$13,000 (-70.3%) | $5,500 – $5,500 | 3 |
| 3BR | $5,600 | −$3,525 (-38.6%) | −$12,900 (-69.7%) | $5,600 – $5,600 | 1 |
| 4BR | $9,500 | −$995 (-9.5%) | +$550 (+6.1%) | $9,200 – $10,996 | 6 |
| 4BR | $18,000 | +$7,505 (+71.5%) | +$9,050 (+101.1%) | $15,825 – $18,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — October 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,700 | +$195 (+11.5%) |
| Studio | $1,395 | $1,700 | −$305 (-17.9%) |
| 1BR | $2,895 | $1,998 | +$898 (+44.9%) |
| 1BR | $5,875 | $1,998 | +$3,878 (+194.1%) |
| 2BR | $7,900 | $2,750 | +$5,150 (+187.3%) |
| 2BR | $3,600 | $2,750 | +$850 (+30.9%) |
| 3BR | $5,500 | $4,195 | +$1,305 (+31.1%) |
| 3BR | $5,600 | $4,195 | +$1,405 (+33.5%) |
| 4BR | $9,500 | $5,275 | +$4,225 (+80.1%) |
| 4BR | $18,000 | $5,275 | +$12,725 (+241.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.