Monthly Rent Report
Downtown Rent Report — May 2023
Asking rents in ZIP 90017, Los Angeles, from 734 listings.
Median 1BR rent in Downtown was $1,595 in May 2023, down 46.5% (−$1,385) from April 2023 and down 46.6% year-over-year. The middle half of 1BR listings asked between $1,595 and $1,595. That puts Downtown $527 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 734 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,388 | +$75 (+5.7%) | +$93 (+7.1%) | $1,331 – $1,444 | 2 |
| Studio | $2,172 | +$860 (+65.5%) | +$877 (+67.7%) | $1,519 – $2,460 | 138 |
| 1BR | $1,595 | −$1,385 (-46.5%) | −$1,392 (-46.6%) | $1,595 – $1,595 | 1 |
| 1BR | $2,887 | −$93 (-3.1%) | −$100 (-3.4%) | $2,446 – $3,819 | 348 |
| 2BR | $3,595 | +$910 (+33.9%) | +$369 (+11.4%) | $3,021 – $4,997 | 211 |
| 2BR | $2,969 | +$284 (+10.6%) | −$258 (-8.0%) | $2,734 – $3,151 | 6 |
| 3BR | $5,471 | +$186 (+3.5%) | +$1,802 (+49.1%) | $3,759 – $6,917 | 23 |
| 3BR | $3,653 | −$1,632 (-30.9%) | −$16 (-0.4%) | $3,628 – $3,688 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,388 | $1,750 | −$362 (-20.7%) |
| Studio | $2,172 | $1,750 | +$422 (+24.1%) |
| 1BR | $1,595 | $2,122 | −$527 (-24.8%) |
| 1BR | $2,887 | $2,122 | +$765 (+36.1%) |
| 2BR | $3,595 | $2,780 | +$815 (+29.3%) |
| 2BR | $2,969 | $2,780 | +$189 (+6.8%) |
| 3BR | $5,471 | $3,943 | +$1,529 (+38.8%) |
| 3BR | $3,653 | $3,943 | −$289 (-7.3%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.