Monthly Rent Report
Santa Monica Rent Report — November 2023
Asking rents in ZIP 90405, Los Angeles, from 62 listings.
Median 1BR rent in Santa Monica was $3,748 in November 2023, up 29.4% (+$853) from October 2023 and up 25.1% year-over-year. The middle half of 1BR listings asked between $3,121 and $4,374. That puts Santa Monica $1,623 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 62 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | $0 (0.0%) | −$100 (-5.0%) | $1,895 – $1,895 | 2 |
| Studio | $1,895 | $0 (0.0%) | −$100 (-5.0%) | $1,895 – $1,895 | 2 |
| 1BR | $3,748 | +$853 (+29.4%) | +$753 (+25.1%) | $3,121 – $4,374 | 2 |
| 1BR | $2,995 | +$100 (+3.5%) | $0 (0.0%) | $2,995 – $3,500 | 21 |
| 2BR | $4,095 | −$3,805 (-48.2%) | +$1,100 (+36.7%) | $4,045 – $4,145 | 2 |
| 2BR | $5,500 | −$2,400 (-30.4%) | +$2,505 (+83.6%) | $5,500 – $9,000 | 11 |
| 3BR | $4,995 | −$505 (-9.2%) | $0 (0.0%) | $4,995 – $4,995 | 1 |
| 3BR | $16,500 | +$11,000 (+200.0%) | +$11,505 (+230.3%) | $15,750 – $16,500 | 3 |
| 4BR | $16,000 | +$6,500 (+68.4%) | +$7,500 (+88.2%) | $14,475 – $16,000 | 3 |
| 4BR | $16,000 | +$6,500 (+68.4%) | +$7,500 (+88.2%) | $14,475 – $16,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — November 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,775 | +$120 (+6.8%) |
| Studio | $1,895 | $1,775 | +$120 (+6.8%) |
| 1BR | $3,748 | $2,125 | +$1,623 (+76.4%) |
| 1BR | $2,995 | $2,125 | +$870 (+40.9%) |
| 2BR | $4,095 | $2,795 | +$1,300 (+46.5%) |
| 2BR | $5,500 | $2,795 | +$2,705 (+96.8%) |
| 3BR | $4,995 | $3,950 | +$1,045 (+26.5%) |
| 3BR | $16,500 | $3,950 | +$12,550 (+317.7%) |
| 4BR | $16,000 | $4,994 | +$11,006 (+220.4%) |
| 4BR | $16,000 | $4,994 | +$11,006 (+220.4%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.