Monthly Rent Report
Downtown Rent Report — November 2023
Asking rents in ZIP 90012, Los Angeles, from 556 listings.
Median 1BR rent in Downtown was $2,199 in November 2023, up 8.5% (+$172) from October 2023 and down 38.4% year-over-year. The middle half of 1BR listings asked between $2,149 and $2,281. That puts Downtown $74 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 556 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,132 | −$468 (-18.0%) | −$743 (-25.8%) | $2,013 – $2,381 | 211 |
| Studio | $2,332 | −$268 (-10.3%) | −$543 (-18.9%) | $2,008 – $2,796 | 16 |
| 1BR | $2,199 | +$172 (+8.5%) | −$1,373 (-38.4%) | $2,149 – $2,281 | 6 |
| 1BR | $2,300 | +$273 (+13.5%) | −$1,272 (-35.6%) | $2,300 – $2,925 | 3 |
| 2BR | $3,016 | −$256 (-7.8%) | −$3,606 (-54.5%) | $2,792 – $3,316 | 290 |
| 2BR | $2,600 | −$672 (-20.5%) | −$4,022 (-60.7%) | $2,448 – $2,706 | 3 |
| 3BR | $3,983 | −$150 (-3.6%) | −$15,017 (-79.0%) | $3,971 – $3,996 | 2 |
| 3BR | $3,976 | −$157 (-3.8%) | −$15,024 (-79.1%) | $3,500 – $4,800 | 21 |
| 4BR | $4,500 | +$210 (+4.9%) | — | $4,500 – $4,500 | 1 |
| 4BR | $4,500 | +$210 (+4.9%) | — | $4,500 – $4,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — November 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,132 | $1,775 | +$357 (+20.1%) |
| Studio | $2,332 | $1,775 | +$557 (+31.4%) |
| 1BR | $2,199 | $2,125 | +$74 (+3.5%) |
| 1BR | $2,300 | $2,125 | +$175 (+8.2%) |
| 2BR | $3,016 | $2,795 | +$221 (+7.9%) |
| 2BR | $2,600 | $2,795 | −$195 (-7.0%) |
| 3BR | $3,983 | $3,950 | +$33 (+0.8%) |
| 3BR | $3,976 | $3,950 | +$26 (+0.7%) |
| 4BR | $4,500 | $4,994 | −$494 (-9.9%) |
| 4BR | $4,500 | $4,994 | −$494 (-9.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.