Monthly Rent Report
Downtown Rent Report — July 2023
Asking rents in ZIP 90017, Los Angeles, from 319 listings.
Median 1BR rent in Downtown was $3,005 in July 2023, up 7.8% (+$217) from June 2023 and up 11.3% year-over-year. The middle half of 1BR listings asked between $2,467 and $3,927. That puts Downtown $880 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 319 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,925 | −$202 (-9.5%) | +$625 (+48.1%) | $1,495 – $2,409 | 72 |
| Studio | $1,550 | −$577 (-27.1%) | +$250 (+19.2%) | $1,550 – $1,550 | 1 |
| 1BR | $3,005 | +$217 (+7.8%) | +$305 (+11.3%) | $2,467 – $3,927 | 132 |
| 1BR | $2,279 | −$509 (-18.3%) | −$421 (-15.6%) | $2,257 – $2,450 | 6 |
| 2BR | $2,723 | −$920 (-25.3%) | −$467 (-14.7%) | $2,600 – $2,769 | 22 |
| 2BR | $4,120 | +$478 (+13.1%) | +$930 (+29.2%) | $3,204 – $5,467 | 75 |
| 3BR | $4,560 | +$820 (+21.9%) | +$892 (+24.3%) | $4,037 – $5,529 | 8 |
| 3BR | $4,182 | +$442 (+11.8%) | +$514 (+14.0%) | $4,182 – $4,182 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,925 | $1,800 | +$125 (+6.9%) |
| Studio | $1,550 | $1,800 | −$250 (-13.9%) |
| 1BR | $3,005 | $2,125 | +$880 (+41.4%) |
| 1BR | $2,279 | $2,125 | +$154 (+7.2%) |
| 2BR | $2,723 | $2,873 | −$151 (-5.2%) |
| 2BR | $4,120 | $2,873 | +$1,247 (+43.4%) |
| 3BR | $4,560 | $3,836 | +$724 (+18.9%) |
| 3BR | $4,182 | $3,836 | +$346 (+9.0%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.