Monthly Rent Report
Gramercy Park Rent Report — March 2023
Asking rents in ZIP 90047, Los Angeles, from 397 listings.
Median 1BR rent in Gramercy Park was $1,795 in March 2023, down 6.1% (−$117) from February 2023 and down 6.7% year-over-year. The middle half of 1BR listings asked between $1,795 and $1,795. That puts Gramercy Park $302 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 397 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | −$105 (-6.6%) | +$95 (+6.8%) | $1,495 – $1,495 | 5 |
| Studio | $1,495 | −$105 (-6.6%) | +$95 (+6.8%) | $1,495 – $1,495 | 1 |
| 1BR | $1,795 | −$117 (-6.1%) | −$129 (-6.7%) | $1,795 – $1,795 | 1 |
| 1BR | $1,795 | −$117 (-6.1%) | −$129 (-6.7%) | $1,695 – $2,150 | 29 |
| 2BR | $2,600 | +$101 (+4.0%) | +$125 (+5.1%) | $2,245 – $2,845 | 111 |
| 2BR | $2,600 | +$101 (+4.0%) | +$125 (+5.1%) | $2,295 – $2,729 | 46 |
| 3BR | $3,200 | +$255 (+8.7%) | −$25 (-0.8%) | $3,200 – $3,200 | 1 |
| 3BR | $2,875 | −$70 (-2.4%) | −$350 (-10.9%) | $2,855 – $3,294 | 157 |
| 4BR | $3,804 | +$609 (+19.1%) | +$609 (+19.1%) | $3,371 – $8,500 | 10 |
| 4BR | $3,195 | $0 (0.0%) | $0 (0.0%) | $3,195 – $3,371 | 32 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — March 2023
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,495 | $1,745 | −$250 (-14.3%) |
| Studio | $1,495 | $1,745 | −$250 (-14.3%) |
| 1BR | $1,795 | $2,097 | −$302 (-14.4%) |
| 1BR | $1,795 | $2,097 | −$302 (-14.4%) |
| 2BR | $2,600 | $2,750 | −$150 (-5.5%) |
| 2BR | $2,600 | $2,750 | −$150 (-5.5%) |
| 3BR | $3,200 | $3,923 | −$722 (-18.4%) |
| 3BR | $2,875 | $3,923 | −$1,047 (-26.7%) |
| 4BR | $3,804 | $4,760 | −$956 (-20.1%) |
| 4BR | $3,195 | $4,760 | −$1,565 (-32.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.