Monthly Rent Report
Downtown Rent Report — June 2023
Asking rents in ZIP 90012, Los Angeles, from 309 listings.
Median 1BR rent in Downtown was $2,429 in June 2023, down 4.8% (−$122) from May 2023 and down 26.4% year-over-year. The middle half of 1BR listings asked between $2,287 and $2,634. That puts Downtown $329 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 309 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,265 | +$20 (+0.9%) | +$134 (+6.3%) | $2,225 – $2,340 | 5 |
| Studio | $2,165 | −$80 (-3.6%) | +$34 (+1.6%) | $2,010 – $2,461 | 59 |
| 1BR | $2,429 | −$122 (-4.8%) | −$871 (-26.4%) | $2,287 – $2,634 | 98 |
| 1BR | $3,500 | +$949 (+37.2%) | +$201 (+6.1%) | $2,538 – $3,650 | 26 |
| 2BR | $3,162 | −$116 (-3.5%) | +$762 (+31.8%) | $2,850 – $3,513 | 89 |
| 2BR | $5,175 | +$1,897 (+57.9%) | +$2,775 (+115.6%) | $3,845 – $6,706 | 14 |
| 3BR | $3,826 | −$664 (-14.8%) | +$326 (+9.3%) | $3,799 – $3,852 | 2 |
| 3BR | $3,926 | −$564 (-12.6%) | +$426 (+12.2%) | $3,735 – $4,714 | 12 |
| 4BR | $3,625 | +$125 (+3.6%) | — | $3,188 – $4,063 | 2 |
| 4BR | $3,625 | +$125 (+3.6%) | — | $3,188 – $4,063 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — June 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,265 | $1,758 | +$507 (+28.8%) |
| Studio | $2,165 | $1,758 | +$407 (+23.2%) |
| 1BR | $2,429 | $2,100 | +$329 (+15.6%) |
| 1BR | $3,500 | $2,100 | +$1,400 (+66.7%) |
| 2BR | $3,162 | $2,900 | +$262 (+9.0%) |
| 2BR | $5,175 | $2,900 | +$2,275 (+78.4%) |
| 3BR | $3,826 | $3,850 | −$24 (-0.6%) |
| 3BR | $3,926 | $3,850 | +$76 (+2.0%) |
| 4BR | $3,625 | $5,100 | −$1,475 (-28.9%) |
| 4BR | $3,625 | $5,100 | −$1,475 (-28.9%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.