Monthly Rent Report
Downtown Rent Report — December 2023
Asking rents in ZIP 90012, Los Angeles, from 477 listings.
Median 1BR rent in Downtown was $3,800 in December 2023, up 65.2% (+$1,500) from November 2023 and up 44.8% year-over-year. The middle half of 1BR listings asked between $3,800 and $4,000. That puts Downtown $1,671 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 477 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,950 | +$619 (+26.5%) | +$600 (+25.5%) | $2,950 – $2,950 | 3 |
| Studio | $2,233 | −$99 (-4.2%) | −$117 (-5.0%) | $2,003 – $2,706 | 16 |
| 1BR | $3,800 | +$1,500 (+65.2%) | +$1,175 (+44.8%) | $3,800 – $4,000 | 11 |
| 1BR | $2,178 | −$122 (-5.3%) | −$447 (-17.0%) | $2,040 – $2,544 | 8 |
| 2BR | $2,999 | −$17 (-0.6%) | +$502 (+20.1%) | $2,730 – $3,373 | 382 |
| 2BR | $2,697 | −$319 (-10.6%) | +$199 (+8.0%) | $2,591 – $2,857 | 4 |
| 3BR | $3,778 | −$205 (-5.1%) | −$466 (-11.0%) | $3,768 – $5,062 | 3 |
| 3BR | $4,104 | +$121 (+3.0%) | −$140 (-3.3%) | $3,837 – $4,404 | 40 |
| 4BR | $4,175 | −$325 (-7.2%) | +$725 (+21.0%) | $4,035 – $4,838 | 3 |
| 4BR | $4,175 | −$325 (-7.2%) | +$725 (+21.0%) | $4,035 – $4,895 | 7 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — December 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,950 | $1,750 | +$1,200 (+68.6%) |
| Studio | $2,233 | $1,750 | +$483 (+27.6%) |
| 1BR | $3,800 | $2,129 | +$1,671 (+78.5%) |
| 1BR | $2,178 | $2,129 | +$49 (+2.3%) |
| 2BR | $2,999 | $2,795 | +$204 (+7.3%) |
| 2BR | $2,697 | $2,795 | −$98 (-3.5%) |
| 3BR | $3,778 | $3,923 | −$144 (-3.7%) |
| 3BR | $4,104 | $3,923 | +$182 (+4.6%) |
| 4BR | $4,175 | $4,750 | −$575 (-12.1%) |
| 4BR | $4,175 | $4,750 | −$575 (-12.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.