Monthly Rent Report
Gramercy Park Rent Report — August 2023
Asking rents in ZIP 90047, Los Angeles, from 33 listings.
Median 1BR rent in Gramercy Park was $1,873 in August 2023, up 17.4% (+$278) from July 2023 and down 0.1% year-over-year. The middle half of 1BR listings asked between $1,683 and $2,060. That puts Gramercy Park $228 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 33 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | +$300 (+23.1%) | +$105 (+7.0%) | $1,525 – $1,840 | 8 |
| Studio | $1,840 | +$540 (+41.5%) | +$345 (+23.1%) | $1,840 – $1,840 | 1 |
| 1BR | $1,873 | +$278 (+17.4%) | −$2 (-0.1%) | $1,683 – $2,060 | 6 |
| 1BR | $1,645 | +$50 (+3.1%) | −$230 (-12.3%) | $1,645 – $1,645 | 1 |
| 2BR | $2,250 | −$400 (-15.1%) | +$355 (+18.7%) | $2,050 – $2,450 | 2 |
| 2BR | $2,195 | −$455 (-17.2%) | +$300 (+15.8%) | $2,195 – $2,195 | 3 |
| 3BR | $3,400 | +$455 (+15.4%) | +$1,005 (+42.0%) | $3,400 – $3,400 | 1 |
| 3BR | $8,000 | +$5,055 (+171.6%) | +$5,605 (+234.0%) | $8,000 – $8,000 | 3 |
| 4BR | $3,195 | −$270 (-7.8%) | −$62 (-1.9%) | $3,195 – $3,465 | 7 |
| 4BR | $1,375 | −$2,090 (-60.3%) | −$1,882 (-57.8%) | $1,375 – $1,375 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — August 2023
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,775 | −$175 (-9.9%) |
| Studio | $1,840 | $1,775 | +$65 (+3.7%) |
| 1BR | $1,873 | $2,100 | −$227 (-10.8%) |
| 1BR | $1,645 | $2,100 | −$455 (-21.7%) |
| 2BR | $2,250 | $2,895 | −$645 (-22.3%) |
| 2BR | $2,195 | $2,895 | −$700 (-24.2%) |
| 3BR | $3,400 | $3,897 | −$497 (-12.8%) |
| 3BR | $8,000 | $3,897 | +$4,103 (+105.3%) |
| 4BR | $3,195 | $5,163 | −$1,967 (-38.1%) |
| 4BR | $1,375 | $5,163 | −$3,787 (-73.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.