Monthly Rent Report
Florence Rent Report — August 2023
Asking rents in ZIP 90001, Los Angeles, from 56 listings.
Median 1BR rent in Florence was $1,700 in August 2023, down 7.9% (−$145) from July 2023 and up 9.7% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,995. That puts Florence $400 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 56 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,610 | −$110 (-6.4%) | +$410 (+34.2%) | $1,495 – $1,725 | 2 |
| Studio | $1,840 | +$120 (+7.0%) | +$640 (+53.3%) | $1,610 – $1,840 | 3 |
| 1BR | $1,700 | −$145 (-7.9%) | +$150 (+9.7%) | $1,500 – $1,995 | 9 |
| 1BR | $1,700 | −$145 (-7.9%) | +$150 (+9.7%) | $1,525 – $2,070 | 10 |
| 2BR | $1,795 | −$205 (-10.3%) | −$431 (-19.4%) | $1,795 – $1,795 | 1 |
| 2BR | $2,000 | $0 (0.0%) | −$226 (-10.2%) | $2,000 – $2,000 | 3 |
| 3BR | $3,287 | +$87 (+2.7%) | +$387 (+13.3%) | $3,219 – $3,424 | 6 |
| 3BR | $3,237 | +$37 (+1.2%) | +$337 (+11.6%) | $3,200 – $3,341 | 8 |
| 4BR | $3,802 | +$202 (+5.6%) | — | $3,750 – $3,816 | 4 |
| 4BR | $3,827 | +$227 (+6.3%) | — | $3,651 – $3,850 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Florence vs. Los Angeles — August 2023
| Bedrooms | Florence Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,610 | $1,775 | −$165 (-9.3%) |
| Studio | $1,840 | $1,775 | +$65 (+3.7%) |
| 1BR | $1,700 | $2,100 | −$400 (-19.0%) |
| 1BR | $1,700 | $2,100 | −$400 (-19.0%) |
| 2BR | $1,795 | $2,895 | −$1,100 (-38.0%) |
| 2BR | $2,000 | $2,895 | −$895 (-30.9%) |
| 3BR | $3,287 | $3,897 | −$611 (-15.7%) |
| 3BR | $3,237 | $3,897 | −$660 (-16.9%) |
| 4BR | $3,802 | $5,163 | −$1,360 (-26.4%) |
| 4BR | $3,827 | $5,163 | −$1,335 (-25.9%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.