Monthly Rent Report
Downtown Rent Report — September 2023
Asking rents in ZIP 90012, Los Angeles, from 102 listings.
Median 1BR rent in Downtown was $3,000 in September 2023, up 21.8% (+$536) from August 2023 and up 12.1% year-over-year. The middle half of 1BR listings asked between $3,000 and $3,000. That puts Downtown $1,000 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 102 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,273 | +$378 (+19.9%) | −$522 (-18.7%) | $2,125 – $2,408 | 16 |
| Studio | $2,152 | +$257 (+13.5%) | −$643 (-23.0%) | $1,969 – $2,250 | 16 |
| 1BR | $3,000 | +$536 (+21.8%) | +$323 (+12.1%) | $3,000 – $3,000 | 2 |
| 1BR | $2,515 | +$51 (+2.1%) | −$162 (-6.1%) | $2,515 – $2,515 | 1 |
| 2BR | $3,301 | −$2,249 (-40.5%) | −$3,371 (-50.5%) | $2,996 – $3,769 | 48 |
| 2BR | $3,318 | −$2,232 (-40.2%) | −$3,355 (-50.3%) | $3,150 – $4,494 | 16 |
| 3BR | $9,806 | +$6,206 (+172.4%) | +$5,666 (+136.9%) | $6,852 – $12,761 | 2 |
| 3BR | $14,795 | +$11,195 (+311.0%) | +$10,655 (+257.4%) | $14,795 – $14,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — September 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,273 | $1,795 | +$478 (+26.6%) |
| Studio | $2,152 | $1,795 | +$357 (+19.9%) |
| 1BR | $3,000 | $2,000 | +$1,000 (+50.0%) |
| 1BR | $2,515 | $2,000 | +$515 (+25.8%) |
| 2BR | $3,301 | $2,750 | +$551 (+20.0%) |
| 2BR | $3,318 | $2,750 | +$568 (+20.6%) |
| 3BR | $9,806 | $3,948 | +$5,859 (+148.4%) |
| 3BR | $14,795 | $3,948 | +$10,848 (+274.8%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.