Monthly Rent Report
Florence Rent Report — May 2023
Asking rents in ZIP 90001, Los Angeles, from 43 listings.
Median 1BR rent in Florence was $1,700 in May 2023, down 7.9% (−$145) from April 2023 and down 11.5% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Florence $422 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 43 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | −$361 (-18.4%) | +$300 (+23.1%) | $1,375 – $1,600 | 3 |
| Studio | $1,600 | −$361 (-18.4%) | +$300 (+23.1%) | $1,375 – $1,600 | 3 |
| 1BR | $1,700 | −$145 (-7.9%) | −$220 (-11.5%) | $1,700 – $1,700 | 1 |
| 1BR | $1,895 | +$50 (+2.7%) | −$25 (-1.3%) | $1,845 – $2,096 | 13 |
| 2BR | $1,900 | −$600 (-24.0%) | +$100 (+5.6%) | $1,900 – $1,900 | 1 |
| 2BR | $2,600 | +$100 (+4.0%) | +$800 (+44.4%) | $2,125 – $2,692 | 14 |
| 3BR | $2,600 | +$100 (+4.0%) | −$800 (-23.5%) | $2,600 – $2,600 | 1 |
| 3BR | $2,600 | +$100 (+4.0%) | −$800 (-23.5%) | $2,600 – $2,600 | 1 |
| 4BR | $3,804 | +$604 (+18.9%) | +$304 (+8.7%) | $3,804 – $3,804 | 1 |
| 4BR | $3,800 | +$600 (+18.8%) | +$300 (+8.6%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Florence vs. Los Angeles — May 2023
| Bedrooms | Florence Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,750 | −$150 (-8.6%) |
| Studio | $1,600 | $1,750 | −$150 (-8.6%) |
| 1BR | $1,700 | $2,122 | −$422 (-19.9%) |
| 1BR | $1,895 | $2,122 | −$227 (-10.7%) |
| 2BR | $1,900 | $2,780 | −$880 (-31.7%) |
| 2BR | $2,600 | $2,780 | −$180 (-6.5%) |
| 3BR | $2,600 | $3,943 | −$1,342 (-34.1%) |
| 3BR | $2,600 | $3,943 | −$1,342 (-34.1%) |
| 4BR | $3,804 | $5,000 | −$1,196 (-23.9%) |
| 4BR | $3,800 | $5,000 | −$1,200 (-24.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.