Monthly Rent Report
Downtown Rent Report — December 2023
Asking rents in ZIP 90017, Los Angeles, from 167 listings.
Median 1BR rent in Downtown was $2,245 in December 2023, down 6.2% (−$148) from November 2023 and down 6.4% year-over-year. The middle half of 1BR listings asked between $2,120 and $2,370. That puts Downtown $116 above the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 167 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | −$155 (-10.7%) | −$200 (-13.4%) | $1,295 – $1,295 | 5 |
| Studio | $1,383 | −$67 (-4.6%) | −$112 (-7.5%) | $1,377 – $1,389 | 2 |
| 1BR | $2,245 | −$148 (-6.2%) | −$154 (-6.4%) | $2,120 – $2,370 | 2 |
| 1BR | $3,650 | +$1,257 (+52.5%) | +$1,251 (+52.1%) | $2,334 – $3,650 | 6 |
| 2BR | $7,300 | +$6,025 (+472.5%) | +$3,902 (+114.8%) | $7,225 – $7,300 | 8 |
| 2BR | $2,808 | +$1,533 (+120.2%) | −$590 (-17.4%) | $2,718 – $2,931 | 34 |
| 3BR | $4,161 | −$12 (-0.3%) | −$1,310 (-23.9%) | $4,161 – $4,349 | 3 |
| 3BR | $5,471 | +$1,298 (+31.1%) | $0 (0.0%) | $4,020 – $10,420 | 107 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — December 2023
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,750 | −$455 (-26.0%) |
| Studio | $1,383 | $1,750 | −$367 (-21.0%) |
| 1BR | $2,245 | $2,129 | +$116 (+5.4%) |
| 1BR | $3,650 | $2,129 | +$1,521 (+71.4%) |
| 2BR | $7,300 | $2,795 | +$4,505 (+161.2%) |
| 2BR | $2,808 | $2,795 | +$13 (+0.5%) |
| 3BR | $4,161 | $3,923 | +$239 (+6.1%) |
| 3BR | $5,471 | $3,923 | +$1,549 (+39.5%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.