Monthly Rent Report
Downtown Rent Report — February 2023
Asking rents in ZIP 90012, Los Angeles, from 537 listings.
Median 1BR rent in Downtown was $3,465 in February 2023, up 31.6% (+$832) from January 2023 and up 40.1% year-over-year. The middle half of 1BR listings asked between $2,560 and $3,900. That puts Downtown $1,340 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 537 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,226 | +$88 (+4.1%) | −$574 (-20.5%) | $2,030 – $2,370 | 109 |
| Studio | $2,035 | −$103 (-4.8%) | −$765 (-27.3%) | $1,900 – $2,245 | 21 |
| 1BR | $3,465 | +$832 (+31.6%) | +$991 (+40.1%) | $2,560 – $3,900 | 11 |
| 1BR | $2,573 | −$60 (-2.3%) | +$99 (+4.0%) | $2,396 – $2,829 | 195 |
| 2BR | $3,995 | +$831 (+26.3%) | +$1,498 (+60.0%) | $3,893 – $6,150 | 13 |
| 2BR | $3,200 | +$36 (+1.1%) | +$703 (+28.1%) | $2,888 – $3,640 | 165 |
| 3BR | $8,650 | +$4,450 (+106.0%) | +$1,850 (+27.2%) | $5,623 – $8,820 | 3 |
| 3BR | $4,060 | −$140 (-3.3%) | −$2,740 (-40.3%) | $3,798 – $4,500 | 16 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — February 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,226 | $1,795 | +$431 (+24.0%) |
| Studio | $2,035 | $1,795 | +$240 (+13.4%) |
| 1BR | $3,465 | $2,125 | +$1,340 (+63.1%) |
| 1BR | $2,573 | $2,125 | +$448 (+21.1%) |
| 2BR | $3,995 | $2,773 | +$1,222 (+44.1%) |
| 2BR | $3,200 | $2,773 | +$427 (+15.4%) |
| 3BR | $8,650 | $3,850 | +$4,800 (+124.7%) |
| 3BR | $4,060 | $3,850 | +$210 (+5.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.