Monthly Rent Report
Downtown Rent Report — May 2023
Asking rents in ZIP 90012, Los Angeles, from 548 listings.
Median 1BR rent in Downtown was $2,551 in May 2023, up 2.2% (+$56) from April 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $2,400 and $2,766. That puts Downtown $429 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 548 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,250 | +$2 (+0.1%) | −$217 (-8.8%) | $2,100 – $2,393 | 122 |
| Studio | $2,245 | −$3 (-0.1%) | −$222 (-9.0%) | $2,105 – $2,750 | 21 |
| 1BR | $2,551 | +$56 (+2.2%) | −$149 (-5.5%) | $2,400 – $2,766 | 191 |
| 1BR | $2,995 | +$500 (+20.0%) | +$295 (+10.9%) | $2,569 – $3,331 | 12 |
| 2BR | $3,278 | −$622 (-15.9%) | −$424 (-11.5%) | $3,074 – $3,628 | 168 |
| 2BR | $3,532 | −$368 (-9.4%) | −$171 (-4.6%) | $3,398 – $4,140 | 10 |
| 3BR | $4,490 | +$670 (+17.5%) | −$8,010 (-64.1%) | $4,023 – $4,605 | 15 |
| 3BR | $3,993 | +$173 (+4.5%) | −$8,507 (-68.1%) | $3,966 – $4,021 | 2 |
| 4BR | $3,500 | $0 (0.0%) | — | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | $0 (0.0%) | — | $2,975 – $3,575 | 6 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,250 | $1,750 | +$500 (+28.6%) |
| Studio | $2,245 | $1,750 | +$495 (+28.3%) |
| 1BR | $2,551 | $2,122 | +$429 (+20.2%) |
| 1BR | $2,995 | $2,122 | +$873 (+41.1%) |
| 2BR | $3,278 | $2,780 | +$498 (+17.9%) |
| 2BR | $3,532 | $2,780 | +$752 (+27.0%) |
| 3BR | $4,490 | $3,943 | +$548 (+13.9%) |
| 3BR | $3,993 | $3,943 | +$51 (+1.3%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.