Monthly Rent Report
Downtown Rent Report — August 2023
Asking rents in ZIP 90012, Los Angeles, from 221 listings.
Median 1BR rent in Downtown was $2,468 in August 2023, down 17.6% (−$527) from July 2023 and down 9.4% year-over-year. The middle half of 1BR listings asked between $2,302 and $2,725. That puts Downtown $368 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 221 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,080 | −$14 (-0.7%) | −$895 (-30.1%) | $1,982 – $2,330 | 53 |
| Studio | $1,895 | −$199 (-9.5%) | −$1,080 (-36.3%) | $1,895 – $1,895 | 1 |
| 1BR | $2,468 | −$527 (-17.6%) | −$257 (-9.4%) | $2,302 – $2,725 | 71 |
| 1BR | $2,464 | −$531 (-17.7%) | −$261 (-9.6%) | $2,200 – $3,750 | 14 |
| 2BR | $3,360 | +$145 (+4.5%) | +$1,165 (+53.1%) | $3,076 – $3,730 | 65 |
| 2BR | $5,550 | +$2,335 (+72.6%) | +$3,355 (+152.8%) | $3,100 – $5,575 | 5 |
| 3BR | $4,200 | +$607 (+16.9%) | +$35 (+0.8%) | $4,200 – $4,200 | 1 |
| 3BR | $3,600 | +$7 (+0.2%) | −$565 (-13.6%) | $3,600 – $3,600 | 8 |
| 4BR | $4,500 | +$1,325 (+41.7%) | — | $4,500 – $4,500 | 1 |
| 4BR | $4,500 | +$1,325 (+41.7%) | — | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — August 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,080 | $1,775 | +$305 (+17.2%) |
| Studio | $1,895 | $1,775 | +$120 (+6.8%) |
| 1BR | $2,468 | $2,100 | +$368 (+17.5%) |
| 1BR | $2,464 | $2,100 | +$364 (+17.3%) |
| 2BR | $3,360 | $2,895 | +$465 (+16.1%) |
| 2BR | $5,550 | $2,895 | +$2,655 (+91.7%) |
| 3BR | $4,200 | $3,897 | +$303 (+7.8%) |
| 3BR | $3,600 | $3,897 | −$297 (-7.6%) |
| 4BR | $4,500 | $5,163 | −$662 (-12.8%) |
| 4BR | $4,500 | $5,163 | −$662 (-12.8%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.