Monthly Rent Report
Downtown Rent Report — April 2023
Asking rents in ZIP 90012, Los Angeles, from 808 listings.
Median 1BR rent in Downtown was $2,400 in April 2023, down 16.0% (−$457) from March 2023 and down 10.8% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,400. That puts Downtown $303 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 808 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,248 | +$19 (+0.9%) | −$1,502 (-40.1%) | $2,088 – $2,462 | 204 |
| Studio | $2,048 | −$181 (-8.1%) | −$1,702 (-45.4%) | $2,021 – $2,074 | 2 |
| 1BR | $2,400 | −$457 (-16.0%) | −$290 (-10.8%) | $2,400 – $2,400 | 1 |
| 1BR | $2,495 | −$362 (-12.7%) | −$195 (-7.2%) | $2,357 – $2,858 | 281 |
| 2BR | $3,180 | −$96 (-2.9%) | +$680 (+27.2%) | $2,939 – $3,532 | 289 |
| 2BR | $3,900 | +$624 (+19.0%) | +$1,400 (+56.0%) | $3,900 – $3,900 | 1 |
| 3BR | $3,821 | −$457 (-10.7%) | +$821 (+27.4%) | $3,769 – $3,872 | 2 |
| 3BR | $4,298 | +$20 (+0.5%) | +$1,298 (+43.3%) | $3,880 – $4,705 | 16 |
| 4BR | $3,500 | +$300 (+9.4%) | — | $2,975 – $3,500 | 6 |
| 4BR | $3,500 | +$300 (+9.4%) | — | $2,975 – $3,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — April 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,248 | $1,775 | +$473 (+26.6%) |
| Studio | $2,048 | $1,775 | +$273 (+15.4%) |
| 1BR | $2,400 | $2,097 | +$303 (+14.5%) |
| 1BR | $2,495 | $2,097 | +$398 (+19.0%) |
| 2BR | $3,180 | $2,795 | +$385 (+13.8%) |
| 2BR | $3,900 | $2,795 | +$1,105 (+39.5%) |
| 3BR | $3,821 | $3,895 | −$74 (-1.9%) |
| 3BR | $4,298 | $3,895 | +$403 (+10.3%) |
| 4BR | $3,500 | $4,970 | −$1,470 (-29.6%) |
| 4BR | $3,500 | $4,970 | −$1,470 (-29.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in April 2023.