Monthly Rent Report
Downtown Rent Report — March 2023
Asking rents in ZIP 90017, Los Angeles, from 993 listings.
Median 1BR rent in Downtown was $2,980 in March 2023, up 5.6% (+$158) from February 2023 and up 22.9% year-over-year. The middle half of 1BR listings asked between $2,562 and $3,782. That puts Downtown $883 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 993 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,250 | −$150 (-10.7%) | −$700 (-35.9%) | $1,250 – $1,250 | 1 |
| Studio | $2,300 | +$900 (+64.3%) | +$350 (+17.9%) | $1,961 – $2,741 | 223 |
| 1BR | $2,980 | +$158 (+5.6%) | +$555 (+22.9%) | $2,562 – $3,782 | 440 |
| 1BR | $2,750 | −$72 (-2.6%) | +$325 (+13.4%) | $2,750 – $2,750 | 1 |
| 2BR | $4,000 | +$244 (+6.5%) | +$901 (+29.1%) | $3,316 – $5,003 | 288 |
| 2BR | $2,995 | −$761 (-20.3%) | −$104 (-3.4%) | $2,995 – $2,995 | 1 |
| 3BR | $5,100 | $0 (0.0%) | +$1,591 (+45.3%) | $3,702 – $6,130 | 33 |
| 3BR | $3,712 | −$1,388 (-27.2%) | +$203 (+5.8%) | $3,707 – $3,716 | 2 |
| 4BR | $1,650 | — | — | $1,650 – $1,650 | 2 |
| 4BR | $1,650 | — | — | $1,650 – $1,650 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — March 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,250 | $1,745 | −$495 (-28.4%) |
| Studio | $2,300 | $1,745 | +$555 (+31.8%) |
| 1BR | $2,980 | $2,097 | +$883 (+42.1%) |
| 1BR | $2,750 | $2,097 | +$653 (+31.2%) |
| 2BR | $4,000 | $2,750 | +$1,250 (+45.5%) |
| 2BR | $2,995 | $2,750 | +$245 (+8.9%) |
| 3BR | $5,100 | $3,923 | +$1,178 (+30.0%) |
| 3BR | $3,712 | $3,923 | −$211 (-5.4%) |
| 4BR | $1,650 | $4,760 | −$3,110 (-65.3%) |
| 4BR | $1,650 | $4,760 | −$3,110 (-65.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.