Monthly Rent Report
Downtown Rent Report — December 2023
Asking rents in ZIP 90014, Los Angeles, from 553 listings.
Median 1BR rent in Downtown was $5,495 in December 2023, up 115.5% (+$2,945) from November 2023 and up 80.5% year-over-year. The middle half of 1BR listings asked between $5,245 and $5,745. That puts Downtown $3,366 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 553 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,215 | −$495 (-18.3%) | −$246 (-10.0%) | $1,900 – $2,700 | 210 |
| Studio | $3,005 | +$295 (+10.9%) | +$544 (+22.1%) | $2,959 – $3,050 | 2 |
| 1BR | $5,495 | +$2,945 (+115.5%) | +$2,450 (+80.5%) | $5,245 – $5,745 | 2 |
| 1BR | $5,495 | +$2,945 (+115.5%) | +$2,450 (+80.5%) | $5,245 – $5,745 | 2 |
| 2BR | $3,600 | +$1,067 (+42.1%) | −$747 (-17.2%) | $2,980 – $4,575 | 52 |
| 2BR | $3,756 | +$1,224 (+48.3%) | −$590 (-13.6%) | $3,082 – $4,746 | 226 |
| 3BR | $6,314 | −$763 (-10.8%) | −$822 (-11.5%) | $3,666 – $6,788 | 10 |
| 3BR | $5,999 | −$1,078 (-15.2%) | −$1,137 (-15.9%) | $3,625 – $6,894 | 49 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — December 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,215 | $1,750 | +$465 (+26.6%) |
| Studio | $3,005 | $1,750 | +$1,255 (+71.7%) |
| 1BR | $5,495 | $2,129 | +$3,366 (+158.1%) |
| 1BR | $5,495 | $2,129 | +$3,366 (+158.1%) |
| 2BR | $3,600 | $2,795 | +$805 (+28.8%) |
| 2BR | $3,756 | $2,795 | +$961 (+34.4%) |
| 3BR | $6,314 | $3,923 | +$2,391 (+61.0%) |
| 3BR | $5,999 | $3,923 | +$2,077 (+52.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.