Monthly Rent Report
Downtown Rent Report — August 2023
Asking rents in ZIP 90017, Los Angeles, from 241 listings.
Median 1BR rent in Downtown was $3,011 in August 2023, up 0.2% (+$6) from July 2023 and up 11.0% year-over-year. The middle half of 1BR listings asked between $2,445 and $3,755. That puts Downtown $911 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 241 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$200 (-12.9%) | −$782 (-36.7%) | $1,350 – $1,350 | 8 |
| Studio | $1,650 | +$100 (+6.5%) | −$482 (-22.6%) | $1,650 – $1,650 | 1 |
| 1BR | $3,011 | +$6 (+0.2%) | +$298 (+11.0%) | $2,445 – $3,755 | 117 |
| 1BR | $2,394 | −$611 (-20.3%) | −$319 (-11.8%) | $2,303 – $2,456 | 8 |
| 2BR | $4,203 | +$1,480 (+54.4%) | +$953 (+29.3%) | $3,303 – $5,470 | 90 |
| 2BR | $2,150 | −$572 (-21.0%) | −$1,100 (-33.8%) | $2,150 – $2,150 | 1 |
| 3BR | $3,502 | −$1,058 (-23.2%) | −$3,079 (-46.8%) | $3,483 – $3,517 | 7 |
| 3BR | $5,471 | +$911 (+20.0%) | −$1,110 (-16.9%) | $4,538 – $5,911 | 9 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — August 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,775 | −$425 (-23.9%) |
| Studio | $1,650 | $1,775 | −$125 (-7.0%) |
| 1BR | $3,011 | $2,100 | +$911 (+43.4%) |
| 1BR | $2,394 | $2,100 | +$294 (+14.0%) |
| 2BR | $4,203 | $2,895 | +$1,308 (+45.2%) |
| 2BR | $2,150 | $2,895 | −$745 (-25.7%) |
| 3BR | $3,502 | $3,897 | −$395 (-10.1%) |
| 3BR | $5,471 | $3,897 | +$1,574 (+40.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.