Monthly Rent Report
Downtown Rent Report — May 2023
Asking rents in ZIP 90014, Los Angeles, from 290 listings.
Median 1BR rent in Downtown was $3,013 in May 2023, down 5.9% (−$187) from April 2023 and down 45.7% year-over-year. The middle half of 1BR listings asked between $2,613 and $3,299. That puts Downtown $891 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 290 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,644 | +$644 (+32.2%) | +$444 (+20.2%) | $2,084 – $3,309 | 19 |
| Studio | $2,500 | +$500 (+25.0%) | +$300 (+13.6%) | $2,100 – $3,031 | 75 |
| 1BR | $3,013 | −$187 (-5.9%) | −$2,537 (-45.7%) | $2,613 – $3,299 | 84 |
| 1BR | $2,300 | −$900 (-28.1%) | −$3,250 (-58.6%) | $2,246 – $2,400 | 8 |
| 2BR | $4,132 | −$143 (-3.4%) | −$2,324 (-36.0%) | $3,940 – $4,828 | 22 |
| 2BR | $4,372 | +$97 (+2.3%) | −$2,084 (-32.3%) | $3,882 – $5,254 | 60 |
| 3BR | $8,042 | +$1,808 (+29.0%) | −$2,808 (-25.9%) | $7,795 – $8,555 | 5 |
| 3BR | $6,999 | +$765 (+12.3%) | −$3,851 (-35.5%) | $5,999 – $8,042 | 17 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,644 | $1,750 | +$894 (+51.1%) |
| Studio | $2,500 | $1,750 | +$750 (+42.9%) |
| 1BR | $3,013 | $2,122 | +$891 (+42.0%) |
| 1BR | $2,300 | $2,122 | +$178 (+8.4%) |
| 2BR | $4,132 | $2,780 | +$1,352 (+48.6%) |
| 2BR | $4,372 | $2,780 | +$1,592 (+57.3%) |
| 3BR | $8,042 | $3,943 | +$4,100 (+104.0%) |
| 3BR | $6,999 | $3,943 | +$3,057 (+77.5%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.