Monthly Rent Report
Downtown Rent Report — October 2023
Asking rents in ZIP 90017, Los Angeles, from 23 listings.
Median 1BR rent in Downtown was $1,995 in October 2023, down 26.0% (−$700) from September 2023 and down 16.5% year-over-year. The middle half of 1BR listings asked between $1,995 and $1,995. That puts Downtown in line with the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 23 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | −$150 (-9.1%) | −$639 (-29.9%) | $1,500 – $1,500 | 1 |
| Studio | $1,288 | −$362 (-21.9%) | −$851 (-39.8%) | $1,228 – $1,295 | 11 |
| 1BR | $1,995 | −$700 (-26.0%) | −$395 (-16.5%) | $1,995 – $1,995 | 1 |
| 1BR | $3,175 | +$480 (+17.8%) | +$785 (+32.8%) | $3,175 – $3,175 | 1 |
| 2BR | $2,757 | −$655 (-19.2%) | −$160 (-5.5%) | $2,657 – $3,785 | 5 |
| 2BR | $5,000 | +$1,588 (+46.5%) | +$2,083 (+71.4%) | $5,000 – $5,000 | 2 |
| 3BR | $3,361 | −$1,184 (-26.1%) | −$1,456 (-30.2%) | $3,361 – $3,361 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — October 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,700 | −$200 (-11.8%) |
| Studio | $1,288 | $1,700 | −$412 (-24.2%) |
| 1BR | $1,995 | $1,998 | −$2 (-0.1%) |
| 1BR | $3,175 | $1,998 | +$1,178 (+58.9%) |
| 2BR | $2,757 | $2,750 | +$7 (+0.3%) |
| 2BR | $5,000 | $2,750 | +$2,250 (+81.8%) |
| 3BR | $3,361 | $4,195 | −$834 (-19.9%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.