Monthly Rent Report
Downtown Rent Report — July 2023
Asking rents in ZIP 90012, Los Angeles, from 226 listings.
Median 1BR rent in Downtown was $2,995 in July 2023, down 14.4% (−$505) from June 2023 and down 32.2% year-over-year. The middle half of 1BR listings asked between $2,540 and $3,650. That puts Downtown $870 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 226 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,308 | +$43 (+1.9%) | −$917 (-28.4%) | $2,228 – $2,888 | 18 |
| Studio | $2,094 | −$171 (-7.5%) | −$1,131 (-35.1%) | $1,936 – $2,344 | 41 |
| 1BR | $2,995 | −$505 (-14.4%) | −$1,420 (-32.2%) | $2,540 – $3,650 | 17 |
| 1BR | $2,391 | −$1,109 (-31.7%) | −$2,024 (-45.8%) | $2,263 – $2,644 | 70 |
| 2BR | $3,215 | +$53 (+1.7%) | −$270 (-7.7%) | $2,855 – $3,582 | 55 |
| 2BR | $5,550 | +$2,388 (+75.5%) | +$2,065 (+59.3%) | $3,345 – $6,273 | 11 |
| 3BR | $3,593 | −$333 (-8.5%) | −$6,657 (-64.9%) | $3,194 – $3,633 | 3 |
| 3BR | $4,825 | +$899 (+22.9%) | −$5,425 (-52.9%) | $3,800 – $8,241 | 4 |
| 4BR | $3,600 | −$25 (-0.7%) | −$3,200 (-47.1%) | $2,750 – $3,600 | 5 |
| 4BR | $3,175 | −$450 (-12.4%) | −$3,625 (-53.3%) | $2,963 – $3,388 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,308 | $1,800 | +$508 (+28.2%) |
| Studio | $2,094 | $1,800 | +$294 (+16.3%) |
| 1BR | $2,995 | $2,125 | +$870 (+40.9%) |
| 1BR | $2,391 | $2,125 | +$266 (+12.5%) |
| 2BR | $3,215 | $2,873 | +$342 (+11.9%) |
| 2BR | $5,550 | $2,873 | +$2,677 (+93.2%) |
| 3BR | $3,593 | $3,836 | −$243 (-6.3%) |
| 3BR | $4,825 | $3,836 | +$989 (+25.8%) |
| 4BR | $3,600 | $4,572 | −$972 (-21.3%) |
| 4BR | $3,175 | $4,572 | −$1,397 (-30.6%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.