Monthly Rent Report
Downtown Rent Report — May 2023
Asking rents in ZIP 90015, Los Angeles, from 784 listings.
Median 1BR rent in Downtown was $2,749 in May 2023, up 0.5% (+$14) from April 2023 and up 8.4% year-over-year. The middle half of 1BR listings asked between $2,390 and $3,200. That puts Downtown $627 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 784 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,395 | −$850 (-37.9%) | −$806 (-36.6%) | $1,360 – $1,895 | 3 |
| Studio | $2,125 | −$120 (-5.3%) | −$76 (-3.5%) | $1,851 – $2,267 | 183 |
| 1BR | $2,749 | +$14 (+0.5%) | +$214 (+8.4%) | $2,390 – $3,200 | 316 |
| 1BR | $3,295 | +$560 (+20.5%) | +$760 (+30.0%) | $3,295 – $3,295 | 1 |
| 2BR | $3,075 | −$722 (-19.0%) | −$1,175 (-27.6%) | $2,788 – $3,363 | 2 |
| 2BR | $3,581 | −$216 (-5.7%) | −$669 (-15.7%) | $3,275 – $4,048 | 244 |
| 3BR | $9,950 | −$1,775 (-15.1%) | +$2,845 (+40.0%) | $7,500 – $16,819 | 26 |
| 3BR | $15,554 | +$3,829 (+32.7%) | +$8,449 (+118.9%) | $7,582 – $16,819 | 9 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,395 | $1,750 | −$355 (-20.3%) |
| Studio | $2,125 | $1,750 | +$375 (+21.4%) |
| 1BR | $2,749 | $2,122 | +$627 (+29.5%) |
| 1BR | $3,295 | $2,122 | +$1,173 (+55.3%) |
| 2BR | $3,075 | $2,780 | +$295 (+10.6%) |
| 2BR | $3,581 | $2,780 | +$801 (+28.8%) |
| 3BR | $9,950 | $3,943 | +$6,008 (+152.4%) |
| 3BR | $15,554 | $3,943 | +$11,612 (+294.5%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.