Monthly Rent Report
Downtown Rent Report — March 2023
Asking rents in ZIP 90012, Los Angeles, from 839 listings.
Median 1BR rent in Downtown was $2,514 in March 2023, down 2.3% (−$59) from February 2023 and up 3.2% year-over-year. The middle half of 1BR listings asked between $2,362 and $2,905. That puts Downtown $417 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 839 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$40 (-2.0%) | −$205 (-9.3%) | $1,995 – $1,995 | 1 |
| Studio | $2,229 | +$194 (+9.5%) | +$29 (+1.3%) | $2,084 – $2,525 | 197 |
| 1BR | $2,514 | −$59 (-2.3%) | +$79 (+3.2%) | $2,362 – $2,905 | 332 |
| 1BR | $2,858 | +$285 (+11.1%) | +$422 (+17.3%) | $2,473 – $3,384 | 14 |
| 2BR | $3,276 | +$76 (+2.4%) | +$776 (+31.0%) | $2,970 – $3,675 | 257 |
| 2BR | $2,700 | −$500 (-15.6%) | +$200 (+8.0%) | $2,650 – $2,750 | 2 |
| 3BR | $4,278 | +$218 (+5.4%) | +$1,178 (+38.0%) | $4,278 – $4,278 | 1 |
| 3BR | $4,313 | +$253 (+6.2%) | +$1,213 (+39.1%) | $4,104 – $5,214 | 19 |
| 4BR | $3,200 | — | — | $2,800 – $3,500 | 5 |
| 4BR | $3,000 | — | — | $2,800 – $3,275 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — March 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,745 | +$250 (+14.3%) |
| Studio | $2,229 | $1,745 | +$484 (+27.7%) |
| 1BR | $2,514 | $2,097 | +$417 (+19.9%) |
| 1BR | $2,858 | $2,097 | +$761 (+36.3%) |
| 2BR | $3,276 | $2,750 | +$526 (+19.1%) |
| 2BR | $2,700 | $2,750 | −$50 (-1.8%) |
| 3BR | $4,278 | $3,923 | +$356 (+9.1%) |
| 3BR | $4,313 | $3,923 | +$391 (+10.0%) |
| 4BR | $3,200 | $4,760 | −$1,560 (-32.8%) |
| 4BR | $3,000 | $4,760 | −$1,760 (-37.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.