Monthly Rent Report
Downtown Rent Report — September 2023
Asking rents in ZIP 90014, Los Angeles, from 87 listings.
Median 1BR rent in Downtown was $2,500 in September 2023, down 54.5% (−$3,000) from August 2023 and down 55.0% year-over-year. The middle half of 1BR listings asked between $2,298 and $3,123. That puts Downtown $500 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 87 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,138 | +$13 (+0.6%) | −$570 (-21.1%) | $1,356 – $2,589 | 30 |
| Studio | $2,750 | +$625 (+29.4%) | +$43 (+1.6%) | $2,750 – $2,750 | 1 |
| 1BR | $2,500 | −$3,000 (-54.5%) | −$3,050 (-55.0%) | $2,298 – $3,123 | 31 |
| 1BR | $2,300 | −$3,200 (-58.2%) | −$3,250 (-58.6%) | $2,300 – $2,300 | 1 |
| 2BR | $3,813 | −$337 (-8.1%) | −$897 (-19.0%) | $3,391 – $4,369 | 17 |
| 2BR | $6,200 | +$2,050 (+49.4%) | +$1,490 (+31.6%) | $6,200 – $6,200 | 1 |
| 3BR | $11,500 | +$3,734 (+48.1%) | +$650 (+6.0%) | $11,500 – $11,500 | 2 |
| 3BR | $6,810 | −$956 (-12.3%) | −$4,040 (-37.2%) | $5,535 – $7,632 | 4 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — September 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,138 | $1,795 | +$343 (+19.1%) |
| Studio | $2,750 | $1,795 | +$955 (+53.2%) |
| 1BR | $2,500 | $2,000 | +$500 (+25.0%) |
| 1BR | $2,300 | $2,000 | +$300 (+15.0%) |
| 2BR | $3,813 | $2,750 | +$1,063 (+38.7%) |
| 2BR | $6,200 | $2,750 | +$3,450 (+125.5%) |
| 3BR | $11,500 | $3,948 | +$7,553 (+191.3%) |
| 3BR | $6,810 | $3,948 | +$2,862 (+72.5%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.