Monthly Rent Report
Downtown Rent Report — November 2023
Asking rents in ZIP 90014, Los Angeles, from 223 listings.
Median 1BR rent in Downtown was $2,550 in November 2023, down 15.0% (−$449) from October 2023 and up 14.1% year-over-year. The middle half of 1BR listings asked between $2,525 and $2,575. That puts Downtown $425 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 223 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,710 | +$810 (+42.6%) | +$362 (+15.4%) | $2,668 – $2,753 | 2 |
| Studio | $2,168 | +$268 (+14.1%) | −$180 (-7.7%) | $1,900 – $2,647 | 162 |
| 1BR | $2,550 | −$449 (-15.0%) | +$315 (+14.1%) | $2,525 – $2,575 | 2 |
| 1BR | $2,350 | −$649 (-21.6%) | +$115 (+5.1%) | $2,350 – $2,350 | 1 |
| 2BR | $2,533 | −$1,745 (-40.8%) | −$687 (-21.4%) | $2,511 – $2,554 | 2 |
| 2BR | $3,502 | −$776 (-18.1%) | +$282 (+8.8%) | $3,222 – $4,962 | 17 |
| 3BR | $6,765 | −$963 (-12.5%) | +$3,090 (+84.1%) | $4,792 – $6,955 | 30 |
| 3BR | $7,077 | −$651 (-8.4%) | +$3,402 (+92.6%) | $6,843 – $7,200 | 7 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — November 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,710 | $1,775 | +$935 (+52.7%) |
| Studio | $2,168 | $1,775 | +$393 (+22.1%) |
| 1BR | $2,550 | $2,125 | +$425 (+20.0%) |
| 1BR | $2,350 | $2,125 | +$225 (+10.6%) |
| 2BR | $2,533 | $2,795 | −$262 (-9.4%) |
| 2BR | $3,502 | $2,795 | +$707 (+25.3%) |
| 3BR | $6,765 | $3,950 | +$2,815 (+71.3%) |
| 3BR | $7,077 | $3,950 | +$3,127 (+79.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.