Monthly Rent Report
Gramercy Park Rent Report — July 2023
Asking rents in ZIP 90047, Los Angeles, from 103 listings.
Median 1BR rent in Gramercy Park was $1,595 in July 2023, down 11.1% (−$200) from June 2023 and up 6.7% year-over-year. The middle half of 1BR listings asked between $1,595 and $1,595. That puts Gramercy Park $530 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 103 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,250 | +$1,650 (+103.1%) | +$1,750 (+116.7%) | $3,250 – $3,250 | 1 |
| Studio | $1,300 | −$300 (-18.8%) | −$200 (-13.3%) | $1,300 – $1,300 | 1 |
| 1BR | $1,595 | −$200 (-11.1%) | +$100 (+6.7%) | $1,595 – $1,595 | 1 |
| 1BR | $1,975 | +$180 (+10.0%) | +$480 (+32.1%) | $1,695 – $2,096 | 14 |
| 2BR | $8,500 | +$6,001 (+240.1%) | +$6,000 (+240.0%) | $8,500 – $8,500 | 1 |
| 2BR | $2,650 | +$151 (+6.0%) | +$150 (+6.0%) | $2,650 – $2,650 | 1 |
| 3BR | $4,300 | +$1,605 (+59.6%) | +$1,425 (+49.6%) | $4,300 – $4,300 | 1 |
| 3BR | $2,945 | +$250 (+9.3%) | +$70 (+2.4%) | $2,773 – $3,368 | 67 |
| 4BR | $1,275 | −$2,190 (-63.2%) | −$1,925 (-60.2%) | $1,275 – $1,275 | 1 |
| 4BR | $3,465 | $0 (0.0%) | +$265 (+8.3%) | $3,195 – $3,465 | 15 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — July 2023
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,250 | $1,800 | +$1,450 (+80.6%) |
| Studio | $1,300 | $1,800 | −$500 (-27.8%) |
| 1BR | $1,595 | $2,125 | −$530 (-24.9%) |
| 1BR | $1,975 | $2,125 | −$150 (-7.1%) |
| 2BR | $8,500 | $2,873 | +$5,627 (+195.8%) |
| 2BR | $2,650 | $2,873 | −$223 (-7.8%) |
| 3BR | $4,300 | $3,836 | +$464 (+12.1%) |
| 3BR | $2,945 | $3,836 | −$891 (-23.2%) |
| 4BR | $1,275 | $4,572 | −$3,297 (-72.1%) |
| 4BR | $3,465 | $4,572 | −$1,107 (-24.2%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.