Monthly Rent Report
Downtown Rent Report — February 2023
Asking rents in ZIP 90015, Los Angeles, from 623 listings.
Median 1BR rent in Downtown was $2,715 in February 2023, down 0.7% (−$20) from January 2023 and down 5.5% year-over-year. The middle half of 1BR listings asked between $2,410 and $3,095. That puts Downtown $590 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 623 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,498 | +$1,173 (+88.5%) | +$612 (+32.4%) | $2,074 – $3,045 | 4 |
| Studio | $2,090 | +$765 (+57.7%) | +$204 (+10.8%) | $1,700 – $2,386 | 169 |
| 1BR | $2,715 | −$20 (-0.7%) | −$158 (-5.5%) | $2,410 – $3,095 | 245 |
| 1BR | $2,725 | −$10 (-0.4%) | −$148 (-5.2%) | $2,725 – $2,725 | 1 |
| 2BR | $3,662 | +$242 (+7.1%) | −$488 (-11.8%) | $3,217 – $4,578 | 185 |
| 2BR | $4,095 | +$675 (+19.7%) | −$55 (-1.3%) | $3,743 – $4,224 | 3 |
| 3BR | $2,500 | −$1,495 (-37.4%) | −$16,355 (-86.7%) | $2,500 – $2,500 | 1 |
| 3BR | $7,477 | +$3,482 (+87.2%) | −$11,378 (-60.3%) | $7,213 – $16,464 | 15 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — February 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,498 | $1,795 | +$703 (+39.1%) |
| Studio | $2,090 | $1,795 | +$295 (+16.4%) |
| 1BR | $2,715 | $2,125 | +$590 (+27.8%) |
| 1BR | $2,725 | $2,125 | +$600 (+28.2%) |
| 2BR | $3,662 | $2,773 | +$889 (+32.1%) |
| 2BR | $4,095 | $2,773 | +$1,322 (+47.7%) |
| 3BR | $2,500 | $3,850 | −$1,350 (-35.1%) |
| 3BR | $7,477 | $3,850 | +$3,627 (+94.2%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.