Monthly Rent Report
Downtown Rent Report — September 2023
Asking rents in ZIP 90017, Los Angeles, from 155 listings.
Median 1BR rent in Downtown was $2,329 in September 2023, down 22.7% (−$682) from August 2023 and up 1.8% year-over-year. The middle half of 1BR listings asked between $2,281 and $2,573. That puts Downtown $329 above the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 155 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,209 | +$859 (+63.6%) | +$864 (+64.2%) | $1,926 – $2,379 | 28 |
| Studio | $1,650 | +$300 (+22.2%) | +$305 (+22.7%) | $1,650 – $1,650 | 1 |
| 1BR | $2,329 | −$682 (-22.7%) | +$42 (+1.8%) | $2,281 – $2,573 | 3 |
| 1BR | $2,695 | −$316 (-10.5%) | +$408 (+17.8%) | $2,239 – $2,995 | 68 |
| 2BR | $3,412 | +$1,262 (+58.7%) | +$562 (+19.7%) | $2,892 – $4,544 | 47 |
| 2BR | $1,175 | −$975 (-45.3%) | −$1,675 (-58.8%) | $1,175 – $1,175 | 1 |
| 3BR | $4,545 | −$926 (-16.9%) | −$405 (-8.2%) | $4,059 – $5,100 | 5 |
| 3BR | $4,340 | −$1,131 (-20.7%) | −$610 (-12.3%) | $4,340 – $4,340 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — September 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,209 | $1,795 | +$414 (+23.0%) |
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| 1BR | $2,329 | $2,000 | +$329 (+16.4%) |
| 1BR | $2,695 | $2,000 | +$695 (+34.8%) |
| 2BR | $3,412 | $2,750 | +$662 (+24.1%) |
| 2BR | $1,175 | $2,750 | −$1,575 (-57.3%) |
| 3BR | $4,545 | $3,948 | +$598 (+15.1%) |
| 3BR | $4,340 | $3,948 | +$393 (+9.9%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.