Monthly Rent Report
Downtown Rent Report — November 2023
Asking rents in ZIP 90017, Los Angeles, from 976 listings.
Median 1BR rent in Downtown was $2,800 in November 2023, up 40.4% (+$805) from October 2023 and down 11.1% year-over-year. The middle half of 1BR listings asked between $2,328 and $3,453. That puts Downtown $675 above the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 976 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,067 | +$567 (+37.8%) | −$75 (-3.5%) | $1,500 – $2,408 | 356 |
| Studio | $1,450 | −$50 (-3.3%) | −$691 (-32.3%) | $1,450 – $1,450 | 1 |
| 1BR | $2,800 | +$805 (+40.4%) | −$350 (-11.1%) | $2,328 – $3,453 | 536 |
| 1BR | $2,393 | +$398 (+19.9%) | −$757 (-24.0%) | $2,319 – $2,536 | 7 |
| 2BR | $1,275 | −$3,725 (-74.5%) | −$1,844 (-59.1%) | $1,275 – $1,275 | 1 |
| 2BR | $908 | −$4,092 (-81.8%) | −$2,211 (-70.9%) | $908 – $3,129 | 3 |
| 3BR | $4,173 | +$812 (+24.2%) | +$720 (+20.8%) | $4,119 – $4,227 | 2 |
| 3BR | $5,176 | +$1,815 (+54.0%) | +$1,723 (+49.9%) | $4,064 – $8,268 | 70 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — November 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,067 | $1,775 | +$292 (+16.4%) |
| Studio | $1,450 | $1,775 | −$325 (-18.3%) |
| 1BR | $2,800 | $2,125 | +$675 (+31.8%) |
| 1BR | $2,393 | $2,125 | +$268 (+12.6%) |
| 2BR | $1,275 | $2,795 | −$1,520 (-54.4%) |
| 2BR | $908 | $2,795 | −$1,887 (-67.5%) |
| 3BR | $4,173 | $3,950 | +$223 (+5.6%) |
| 3BR | $5,176 | $3,950 | +$1,226 (+31.0%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in November 2023.