Monthly Rent Report
Downtown Rent Report — August 2023
Asking rents in ZIP 90014, Los Angeles, from 146 listings.
Median 1BR rent in Downtown was $2,100 in August 2023, down 4.5% (−$100) from July 2023 and down 29.7% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,100. That puts Downtown in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 146 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,100 | −$265 (-11.2%) | −$700 (-25.0%) | $2,100 – $2,100 | 9 |
| Studio | $2,125 | −$240 (-10.1%) | −$675 (-24.1%) | $2,125 – $2,125 | 1 |
| 1BR | $2,100 | −$100 (-4.5%) | −$886 (-29.7%) | $2,100 – $2,100 | 3 |
| 1BR | $5,500 | +$3,300 (+150.0%) | +$2,514 (+84.2%) | $5,500 – $5,500 | 8 |
| 2BR | $4,031 | −$318 (-7.3%) | −$1,671 (-29.3%) | $3,759 – $4,873 | 55 |
| 2BR | $4,151 | −$199 (-4.6%) | −$1,552 (-27.2%) | $3,573 – $4,755 | 42 |
| 3BR | $5,938 | −$1,008 (-14.5%) | −$622 (-9.5%) | $5,175 – $7,766 | 13 |
| 3BR | $7,766 | +$820 (+11.8%) | +$1,206 (+18.4%) | $5,938 – $8,051 | 15 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — August 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,100 | $1,775 | +$325 (+18.3%) |
| Studio | $2,125 | $1,775 | +$350 (+19.7%) |
| 1BR | $2,100 | $2,100 | $0 (0.0%) |
| 1BR | $5,500 | $2,100 | +$3,400 (+161.9%) |
| 2BR | $4,031 | $2,895 | +$1,136 (+39.2%) |
| 2BR | $4,151 | $2,895 | +$1,256 (+43.4%) |
| 3BR | $5,938 | $3,897 | +$2,041 (+52.4%) |
| 3BR | $7,766 | $3,897 | +$3,869 (+99.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.