Monthly Rent Report
Santa Monica Rent Report — December 2023
Asking rents in ZIP 90405, Los Angeles, from 61 listings.
Median 1BR rent in Santa Monica was $3,500 in December 2023, up 16.9% (+$505) from November 2023 and up 11.1% year-over-year. The middle half of 1BR listings asked between $3,200 and $3,500. That puts Santa Monica $1,371 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 61 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,950 | +$55 (+2.9%) | −$45 (-2.3%) | $1,550 – $1,950 | 3 |
| Studio | $1,825 | −$70 (-3.7%) | −$170 (-8.5%) | $1,695 – $1,825 | 7 |
| 1BR | $3,500 | +$505 (+16.9%) | +$350 (+11.1%) | $3,200 – $3,500 | 19 |
| 1BR | $2,445 | −$550 (-18.4%) | −$705 (-22.4%) | $2,370 – $2,520 | 2 |
| 2BR | $2,995 | −$1,100 (-26.9%) | −$6,005 (-66.7%) | $2,995 – $2,995 | 1 |
| 2BR | $3,723 | −$372 (-9.1%) | −$5,277 (-58.6%) | $3,409 – $4,036 | 2 |
| 3BR | $6,700 | −$9,800 (-59.4%) | −$4,800 (-41.7%) | $6,600 – $6,875 | 6 |
| 3BR | $3,295 | −$13,205 (-80.0%) | −$8,205 (-71.3%) | $3,295 – $3,295 | 1 |
| 4BR | $13,500 | −$2,500 (-15.6%) | +$4,000 (+42.1%) | $10,995 – $16,900 | 13 |
| 4BR | $16,900 | +$900 (+5.6%) | +$7,400 (+77.9%) | $9,000 – $16,900 | 5 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Santa Monica vs. Los Angeles — December 2023
| Bedrooms | Santa Monica Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,950 | $1,750 | +$200 (+11.4%) |
| Studio | $1,825 | $1,750 | +$75 (+4.3%) |
| 1BR | $3,500 | $2,129 | +$1,371 (+64.4%) |
| 1BR | $2,445 | $2,129 | +$316 (+14.8%) |
| 2BR | $2,995 | $2,795 | +$200 (+7.2%) |
| 2BR | $3,723 | $2,795 | +$928 (+33.2%) |
| 3BR | $6,700 | $3,923 | +$2,778 (+70.8%) |
| 3BR | $3,295 | $3,923 | −$627 (-16.0%) |
| 4BR | $13,500 | $4,750 | +$8,750 (+184.2%) |
| 4BR | $16,900 | $4,750 | +$12,150 (+255.8%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.