Santa Monica Rent Control Releases Annual Report

April 20, 2023 3:49 PM

SANTA MONICA, Calif. – On Thursday, April 13, 2023, the Santa Monica Rent Control Board reviewed the Rent Control Board 2022 Annual Report, which provides information about the status of rent controlled housing in Santa Monica.

Insights from the report reveal a shifting and more costly local rental housing market. Rents for new tenancies saw a downward trend during the pandemic and are now showing increases. For 1- and 2-bedroom units, which make-up 82 percent of the controlled housing stock, median rents for new tenancies rose 8.7 percent and 13 percent respectively, as compared to a year earlier. The median starting rent for a 1-bedroom unit increased $200 to $2,500, and the median starting rent for a 2-bedroom unit rose nearly $400 to $3,400. Record high starting rents were set for all unit sizes in 2022 except 3-bedroom and larger units, which were only higher in 2020.

Other notable observations include:

The complete report, including Status of Controlled Rental Housing, Impact of Market-Rate Vacancy Increases, Impact of the Ellis Act, and departmental overviews is available at in the Reports section and here.

Media Contact

Tati Simonian
Public Information Officer


Housing, Programs


Rent Control