Monthly Rent Report
Downtown Rent Report — July 2023
Asking rents in ZIP 90015, Los Angeles, from 330 listings.
Median 1BR rent in Downtown was $2,981 in July 2023, up 4.9% (+$139) from June 2023 and up 20.6% year-over-year. The middle half of 1BR listings asked between $2,981 and $2,981. That puts Downtown $856 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 330 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,192 | −$455 (-17.2%) | +$359 (+19.6%) | $1,980 – $2,300 | 71 |
| Studio | $2,784 | +$137 (+5.2%) | +$951 (+51.9%) | $2,440 – $2,888 | 5 |
| 1BR | $2,981 | +$139 (+4.9%) | +$510 (+20.6%) | $2,981 – $2,981 | 1 |
| 1BR | $2,789 | −$54 (-1.9%) | +$318 (+12.8%) | $2,508 – $3,247 | 134 |
| 2BR | $3,678 | −$291 (-7.3%) | −$334 (-8.3%) | $3,215 – $4,482 | 78 |
| 2BR | $3,969 | $0 (0.0%) | −$43 (-1.1%) | $3,748 – $4,016 | 4 |
| 3BR | $7,954 | +$454 (+6.1%) | +$6,210 (+356.1%) | $7,033 – $15,977 | 10 |
| 3BR | $8,415 | +$915 (+12.2%) | +$6,671 (+382.5%) | $6,772 – $16,500 | 25 |
| 4BR | $3,300 | $0 (0.0%) | −$7,453 (-69.3%) | $3,300 – $3,300 | 1 |
| 4BR | $3,300 | $0 (0.0%) | −$7,453 (-69.3%) | $3,300 – $3,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,192 | $1,800 | +$392 (+21.8%) |
| Studio | $2,784 | $1,800 | +$984 (+54.7%) |
| 1BR | $2,981 | $2,125 | +$856 (+40.3%) |
| 1BR | $2,789 | $2,125 | +$664 (+31.2%) |
| 2BR | $3,678 | $2,873 | +$804 (+28.0%) |
| 2BR | $3,969 | $2,873 | +$1,096 (+38.1%) |
| 3BR | $7,954 | $3,836 | +$4,118 (+107.4%) |
| 3BR | $8,415 | $3,836 | +$4,579 (+119.4%) |
| 4BR | $3,300 | $4,572 | −$1,272 (-27.8%) |
| 4BR | $3,300 | $4,572 | −$1,272 (-27.8%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.