Monthly Rent Report
Gramercy Park Rent Report — May 2023
Asking rents in ZIP 90047, Los Angeles, from 303 listings.
Median 1BR rent in Gramercy Park was $1,895 in May 2023, up 13.5% (+$225) from April 2023 and up 8.3% year-over-year. The middle half of 1BR listings asked between $1,795 and $2,096. That puts Gramercy Park $227 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 303 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 | −$500 (-23.8%) | +$105 (+7.0%) | $1,600 – $1,600 | 1 |
| Studio | $1,600 | −$500 (-23.8%) | +$105 (+7.0%) | $1,600 – $1,600 | 1 |
| 1BR | $1,895 | +$225 (+13.5%) | +$145 (+8.3%) | $1,795 – $2,096 | 39 |
| 1BR | $1,800 | +$130 (+7.8%) | +$50 (+2.9%) | $1,725 – $1,875 | 2 |
| 2BR | $2,558 | −$42 (-1.6%) | −$242 (-8.6%) | $2,504 – $2,612 | 2 |
| 2BR | $2,499 | −$101 (-3.9%) | −$301 (-10.8%) | $2,245 – $2,845 | 62 |
| 3BR | $2,945 | −$254 (-7.9%) | −$480 (-14.0%) | $2,745 – $3,324 | 156 |
| 3BR | $1,600 | −$1,599 (-50.0%) | −$1,825 (-53.3%) | $1,600 – $1,600 | 1 |
| 4BR | $3,465 | +$2,090 (+152.0%) | −$35 (-1.0%) | $3,195 – $3,738 | 34 |
| 4BR | $1,375 | $0 (0.0%) | −$2,125 (-60.7%) | $1,375 – $1,375 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — May 2023
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,750 | −$150 (-8.6%) |
| Studio | $1,600 | $1,750 | −$150 (-8.6%) |
| 1BR | $1,895 | $2,122 | −$227 (-10.7%) |
| 1BR | $1,800 | $2,122 | −$322 (-15.2%) |
| 2BR | $2,558 | $2,780 | −$222 (-8.0%) |
| 2BR | $2,499 | $2,780 | −$281 (-10.1%) |
| 3BR | $2,945 | $3,943 | −$997 (-25.3%) |
| 3BR | $1,600 | $3,943 | −$2,342 (-59.4%) |
| 4BR | $3,465 | $5,000 | −$1,535 (-30.7%) |
| 4BR | $1,375 | $5,000 | −$3,625 (-72.5%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.