Monthly Rent Report
Downtown Rent Report — July 2023
Asking rents in ZIP 90014, Los Angeles, from 164 listings.
Median 1BR rent in Downtown was $2,964 in July 2023, up 2.2% (+$64) from June 2023 and up 0.6% year-over-year. The middle half of 1BR listings asked between $2,753 and $3,496. That puts Downtown $839 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 164 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,365 | −$182 (-7.2%) | +$92 (+4.0%) | $2,064 – $2,912 | 42 |
| Studio | $3,300 | +$753 (+29.5%) | +$1,027 (+45.2%) | $3,300 – $3,300 | 1 |
| 1BR | $2,964 | +$64 (+2.2%) | +$17 (+0.6%) | $2,753 – $3,496 | 28 |
| 1BR | $2,200 | −$700 (-24.1%) | −$746 (-25.3%) | $2,125 – $2,275 | 6 |
| 2BR | $4,350 | −$74 (-1.7%) | −$530 (-10.9%) | $3,997 – $5,138 | 22 |
| 2BR | $4,315 | −$109 (-2.5%) | −$565 (-11.6%) | $3,968 – $4,825 | 53 |
| 3BR | $6,946 | −$602 (-8.0%) | −$3,534 (-33.7%) | $6,766 – $7,283 | 3 |
| 3BR | $6,955 | −$593 (-7.9%) | −$3,525 (-33.6%) | $6,585 – $7,620 | 9 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,365 | $1,800 | +$565 (+31.4%) |
| Studio | $3,300 | $1,800 | +$1,500 (+83.3%) |
| 1BR | $2,964 | $2,125 | +$839 (+39.5%) |
| 1BR | $2,200 | $2,125 | +$75 (+3.5%) |
| 2BR | $4,350 | $2,873 | +$1,476 (+51.4%) |
| 2BR | $4,315 | $2,873 | +$1,442 (+50.2%) |
| 3BR | $6,946 | $3,836 | +$3,110 (+81.1%) |
| 3BR | $6,955 | $3,836 | +$3,119 (+81.3%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.