Monthly Rent Report
Downtown Rent Report — October 2023
Asking rents in ZIP 90012, Los Angeles, from 44 listings.
Median 1BR rent in Downtown was $2,027 in October 2023, down 32.4% (−$973) from September 2023 and down 30.6% year-over-year. The middle half of 1BR listings asked between $2,014 and $2,040. That puts Downtown $30 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,600 | +$449 (+20.8%) | −$362 (-12.2%) | $2,600 – $2,600 | 1 |
| Studio | $1,995 | −$156 (-7.3%) | −$967 (-32.7%) | $1,995 – $1,995 | 1 |
| 1BR | $2,027 | −$973 (-32.4%) | −$895 (-30.6%) | $2,014 – $2,040 | 2 |
| 1BR | $2,300 | −$700 (-23.3%) | −$622 (-21.3%) | $2,300 – $2,300 | 2 |
| 2BR | $3,272 | −$29 (-0.9%) | −$4,204 (-56.2%) | $2,950 – $5,885 | 21 |
| 2BR | $5,000 | +$1,699 (+51.5%) | −$2,476 (-33.1%) | $5,000 – $5,000 | 7 |
| 3BR | $3,458 | −$6,348 (-64.7%) | −$2,437 (-41.3%) | $3,458 – $3,469 | 4 |
| 3BR | $4,133 | −$5,673 (-57.9%) | −$1,762 (-29.9%) | $4,071 – $9,339 | 3 |
| 4BR | $4,290 | — | −$410 (-8.7%) | $4,290 – $4,290 | 1 |
| 4BR | $4,500 | — | −$200 (-4.3%) | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — October 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,600 | $1,700 | +$900 (+52.9%) |
| Studio | $1,995 | $1,700 | +$295 (+17.4%) |
| 1BR | $2,027 | $1,998 | +$30 (+1.5%) |
| 1BR | $2,300 | $1,998 | +$303 (+15.1%) |
| 2BR | $3,272 | $2,750 | +$522 (+19.0%) |
| 2BR | $5,000 | $2,750 | +$2,250 (+81.8%) |
| 3BR | $3,458 | $4,195 | −$737 (-17.6%) |
| 3BR | $4,133 | $4,195 | −$62 (-1.5%) |
| 4BR | $4,290 | $5,275 | −$985 (-18.7%) |
| 4BR | $4,500 | $5,275 | −$775 (-14.7%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.