Monthly Rent Report
Downtown Rent Report — December 2023
Asking rents in ZIP 90015, Los Angeles, from 80 listings.
Median 1BR rent in Downtown was $2,863 in December 2023, up 10.1% (+$263) from November 2023 and up 21.4% year-over-year. The middle half of 1BR listings asked between $2,727 and $2,998. That puts Downtown $734 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 80 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,445 | −$156 (-9.7%) | −$125 (-8.0%) | $1,295 – $1,745 | 4 |
| Studio | $2,600 | +$999 (+62.4%) | +$1,030 (+65.6%) | $2,200 – $2,600 | 18 |
| 1BR | $2,863 | +$263 (+10.1%) | +$505 (+21.4%) | $2,727 – $2,998 | 2 |
| 1BR | $5,550 | +$2,950 (+113.5%) | +$3,192 (+135.4%) | $5,550 – $5,550 | 2 |
| 2BR | $3,265 | −$501 (-13.3%) | −$824 (-20.2%) | $3,198 – $3,444 | 4 |
| 2BR | $2,900 | −$866 (-23.0%) | −$1,189 (-29.1%) | $2,900 – $2,900 | 7 |
| 3BR | $15,092 | +$8,694 (+135.9%) | +$7,421 (+96.7%) | $7,396 – $15,748 | 39 |
| 3BR | $6,179 | −$219 (-3.4%) | −$1,492 (-19.4%) | $6,179 – $6,179 | 1 |
| 4BR | $3,500 | — | — | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | — | — | $3,500 – $3,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — December 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,445 | $1,750 | −$305 (-17.4%) |
| Studio | $2,600 | $1,750 | +$850 (+48.6%) |
| 1BR | $2,863 | $2,129 | +$734 (+34.5%) |
| 1BR | $5,550 | $2,129 | +$3,421 (+160.7%) |
| 2BR | $3,265 | $2,795 | +$470 (+16.8%) |
| 2BR | $2,900 | $2,795 | +$105 (+3.8%) |
| 3BR | $15,092 | $3,923 | +$11,170 (+284.8%) |
| 3BR | $6,179 | $3,923 | +$2,257 (+57.5%) |
| 4BR | $3,500 | $4,750 | −$1,250 (-26.3%) |
| 4BR | $3,500 | $4,750 | −$1,250 (-26.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.