Monthly Rent Report
Downtown Rent Report — June 2023
Asking rents in ZIP 90014, Los Angeles, from 163 listings.
Median 1BR rent in Downtown was $2,900 in June 2023, up 26.1% (+$600) from May 2023 and down 12.1% year-over-year. The middle half of 1BR listings asked between $2,590 and $3,145. That puts Downtown $800 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 163 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,548 | +$48 (+1.9%) | −$691 (-21.3%) | $2,315 – $2,919 | 4 |
| Studio | $2,338 | −$162 (-6.5%) | −$901 (-27.8%) | $2,115 – $2,615 | 38 |
| 1BR | $2,900 | +$600 (+26.1%) | −$400 (-12.1%) | $2,590 – $3,145 | 57 |
| 1BR | $2,100 | −$200 (-8.7%) | −$1,200 (-36.4%) | $2,100 – $2,300 | 5 |
| 2BR | $2,625 | −$1,747 (-40.0%) | −$4,375 (-62.5%) | $2,613 – $2,638 | 2 |
| 2BR | $4,424 | +$52 (+1.2%) | −$2,576 (-36.8%) | $4,008 – $4,912 | 39 |
| 3BR | $7,548 | −$494 (-6.1%) | +$213 (+2.9%) | $6,585 – $7,746 | 9 |
| 3BR | $7,548 | −$494 (-6.1%) | +$213 (+2.9%) | $6,585 – $7,746 | 9 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — June 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,548 | $1,758 | +$790 (+44.9%) |
| Studio | $2,338 | $1,758 | +$580 (+33.0%) |
| 1BR | $2,900 | $2,100 | +$800 (+38.1%) |
| 1BR | $2,100 | $2,100 | $0 (0.0%) |
| 2BR | $2,625 | $2,900 | −$275 (-9.5%) |
| 2BR | $4,424 | $2,900 | +$1,524 (+52.6%) |
| 3BR | $7,548 | $3,850 | +$3,698 (+96.1%) |
| 3BR | $7,548 | $3,850 | +$3,698 (+96.1%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in June 2023.