Monthly Rent Report
Downtown Rent Report — March 2023
Asking rents in ZIP 90014, Los Angeles, from 519 listings.
Median 1BR rent in Downtown was $2,555 in March 2023, down 53.5% (−$2,940) from February 2023 and up 34.5% year-over-year. The middle half of 1BR listings asked between $2,555 and $2,555. That puts Downtown $458 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 519 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,357 | −$100 (-4.1%) | −$583 (-19.8%) | $2,100 – $3,192 | 124 |
| Studio | $2,520 | +$63 (+2.6%) | −$420 (-14.3%) | $2,520 – $2,520 | 1 |
| 1BR | $2,555 | −$2,940 (-53.5%) | +$655 (+34.5%) | $2,555 – $2,555 | 1 |
| 1BR | $2,886 | −$2,609 (-47.5%) | +$986 (+51.9%) | $2,529 – $3,379 | 210 |
| 2BR | $4,700 | +$512 (+12.2%) | +$2,200 (+88.0%) | $4,700 – $4,700 | 1 |
| 2BR | $4,210 | +$22 (+0.5%) | +$1,710 (+68.4%) | $3,851 – $5,160 | 129 |
| 3BR | $6,215 | −$288 (-4.4%) | −$3,210 (-34.1%) | $5,229 – $8,892 | 40 |
| 3BR | $6,248 | −$255 (-3.9%) | −$3,177 (-33.7%) | $5,868 – $8,892 | 13 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — March 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,357 | $1,745 | +$612 (+35.0%) |
| Studio | $2,520 | $1,745 | +$775 (+44.4%) |
| 1BR | $2,555 | $2,097 | +$458 (+21.9%) |
| 1BR | $2,886 | $2,097 | +$789 (+37.6%) |
| 2BR | $4,700 | $2,750 | +$1,950 (+70.9%) |
| 2BR | $4,210 | $2,750 | +$1,460 (+53.1%) |
| 3BR | $6,215 | $3,923 | +$2,292 (+58.4%) |
| 3BR | $6,248 | $3,923 | +$2,326 (+59.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.