Monthly Rent Report
Downtown Rent Report — February 2023
Asking rents in ZIP 90017, Los Angeles, from 557 listings.
Median 1BR rent in Downtown was $2,823 in February 2023, up 1.2% (+$35) from January 2023 and up 118.0% year-over-year. The middle half of 1BR listings asked between $2,428 and $3,378. That puts Downtown $698 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 557 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,157 | +$562 (+35.2%) | +$962 (+80.5%) | $1,798 – $2,616 | 160 |
| Studio | $1,400 | −$195 (-12.2%) | +$205 (+17.2%) | $1,400 – $1,400 | 2 |
| 1BR | $2,823 | +$35 (+1.2%) | +$1,528 (+118.0%) | $2,428 – $3,378 | 200 |
| 1BR | $2,209 | −$579 (-20.8%) | +$914 (+70.5%) | $2,121 – $2,283 | 14 |
| 2BR | $3,757 | +$762 (+25.4%) | +$1,457 (+63.3%) | $3,077 – $4,939 | 154 |
| 2BR | $2,968 | −$27 (-0.9%) | +$668 (+29.0%) | $2,922 – $3,059 | 10 |
| 3BR | $5,100 | −$371 (-6.8%) | +$1,609 (+46.1%) | $4,125 – $5,480 | 16 |
| 3BR | $3,830 | −$1,641 (-30.0%) | +$339 (+9.7%) | $3,830 – $3,830 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — February 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,157 | $1,795 | +$362 (+20.2%) |
| Studio | $1,400 | $1,795 | −$395 (-22.0%) |
| 1BR | $2,823 | $2,125 | +$698 (+32.8%) |
| 1BR | $2,209 | $2,125 | +$84 (+3.9%) |
| 2BR | $3,757 | $2,773 | +$984 (+35.5%) |
| 2BR | $2,968 | $2,773 | +$195 (+7.0%) |
| 3BR | $5,100 | $3,850 | +$1,250 (+32.5%) |
| 3BR | $3,830 | $3,850 | −$20 (-0.5%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in February 2023.