Monthly Rent Report
Downtown Rent Report — October 2023
Asking rents in ZIP 90015, Los Angeles, from 57 listings.
Median 1BR rent in Downtown was $2,480 in October 2023, down 1.5% (−$37) from September 2023 and down 55.3% year-over-year. The middle half of 1BR listings asked between $2,286 and $2,520. That puts Downtown $483 above the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 57 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,395 | −$797 (-36.4%) | −$665 (-32.3%) | $1,256 – $1,536 | 22 |
| Studio | $2,610 | +$418 (+19.0%) | +$550 (+26.7%) | $2,610 – $2,610 | 1 |
| 1BR | $2,480 | −$37 (-1.5%) | −$3,070 (-55.3%) | $2,286 – $2,520 | 5 |
| 1BR | $2,800 | +$283 (+11.2%) | −$2,750 (-49.5%) | $2,250 – $3,550 | 19 |
| 2BR | $3,503 | −$150 (-4.1%) | −$141 (-3.9%) | $3,472 – $3,757 | 3 |
| 2BR | $5,900 | +$2,247 (+61.5%) | +$2,256 (+61.9%) | $5,150 – $5,900 | 6 |
| 3BR | $6,358 | −$8,522 (-57.3%) | −$1,761 (-21.7%) | $6,358 – $6,358 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — October 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,395 | $1,700 | −$305 (-17.9%) |
| Studio | $2,610 | $1,700 | +$910 (+53.5%) |
| 1BR | $2,480 | $1,998 | +$483 (+24.2%) |
| 1BR | $2,800 | $1,998 | +$803 (+40.2%) |
| 2BR | $3,503 | $2,750 | +$753 (+27.4%) |
| 2BR | $5,900 | $2,750 | +$3,150 (+114.5%) |
| 3BR | $6,358 | $4,195 | +$2,163 (+51.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.