Monthly Rent Report
Downtown Rent Report — March 2023
Asking rents in ZIP 90015, Los Angeles, from 992 listings.
Median 1BR rent in Downtown was $2,695 in March 2023, down 0.7% (−$20) from February 2023 and up 26.5% year-over-year. The middle half of 1BR listings asked between $2,452 and $3,066. That puts Downtown $598 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 992 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,083 | −$414 (-16.6%) | +$636 (+43.9%) | $1,904 – $2,217 | 263 |
| Studio | $2,100 | −$397 (-15.9%) | +$653 (+45.1%) | $1,713 – $2,798 | 3 |
| 1BR | $2,695 | −$20 (-0.7%) | +$565 (+26.5%) | $2,452 – $3,066 | 397 |
| 1BR | $1,995 | −$720 (-26.5%) | −$135 (-6.3%) | $1,995 – $1,995 | 1 |
| 2BR | $3,575 | −$520 (-12.7%) | −$1,384 (-27.9%) | $3,195 – $4,395 | 296 |
| 2BR | $4,395 | +$300 (+7.3%) | −$564 (-11.4%) | $4,395 – $4,395 | 1 |
| 3BR | $7,422 | +$4,922 (+196.9%) | +$3,563 (+92.3%) | $4,950 – $17,140 | 25 |
| 3BR | $7,284 | +$4,784 (+191.3%) | +$3,425 (+88.7%) | $4,806 – $14,414 | 6 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — March 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,083 | $1,745 | +$338 (+19.4%) |
| Studio | $2,100 | $1,745 | +$355 (+20.3%) |
| 1BR | $2,695 | $2,097 | +$598 (+28.5%) |
| 1BR | $1,995 | $2,097 | −$102 (-4.9%) |
| 2BR | $3,575 | $2,750 | +$825 (+30.0%) |
| 2BR | $4,395 | $2,750 | +$1,645 (+59.8%) |
| 3BR | $7,422 | $3,923 | +$3,500 (+89.2%) |
| 3BR | $7,284 | $3,923 | +$3,361 (+85.7%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.