Monthly Rent Report
Gramercy Park Rent Report — September 2023
Asking rents in ZIP 90047, Los Angeles, from 86 listings.
Median 1BR rent in Gramercy Park was $1,645 in September 2023, flat versus August 2023 and down 21.7% year-over-year. The middle half of 1BR listings asked between $1,645 and $1,771. That puts Gramercy Park $355 below the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 86 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,840 | $0 (0.0%) | — | $1,840 – $1,840 | 4 |
| Studio | $1,300 | −$540 (-29.3%) | — | $1,300 – $1,300 | 1 |
| 1BR | $1,645 | $0 (0.0%) | −$455 (-21.7%) | $1,645 – $1,771 | 4 |
| 1BR | $1,995 | +$350 (+21.3%) | −$105 (-5.0%) | $1,995 – $1,995 | 2 |
| 2BR | $2,583 | +$388 (+17.7%) | +$333 (+14.8%) | $2,499 – $3,000 | 24 |
| 2BR | $3,900 | +$1,705 (+77.7%) | +$1,650 (+73.3%) | $3,900 – $3,900 | 1 |
| 3BR | $2,845 | −$5,155 (-64.4%) | −$450 (-13.7%) | $2,745 – $3,513 | 42 |
| 3BR | $3,255 | −$4,745 (-59.3%) | −$40 (-1.2%) | $3,255 – $3,255 | 1 |
| 4BR | $8,500 | +$5,305 (+166.0%) | +$5,205 (+158.0%) | $8,500 – $8,500 | 3 |
| 4BR | $1,375 | −$1,820 (-57.0%) | −$1,920 (-58.3%) | $1,375 – $1,375 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — September 2023
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,840 | $1,795 | +$45 (+2.5%) |
| Studio | $1,300 | $1,795 | −$495 (-27.6%) |
| 1BR | $1,645 | $2,000 | −$355 (-17.8%) |
| 1BR | $1,995 | $2,000 | −$5 (-0.3%) |
| 2BR | $2,583 | $2,750 | −$167 (-6.1%) |
| 2BR | $3,900 | $2,750 | +$1,150 (+41.8%) |
| 3BR | $2,845 | $3,948 | −$1,102 (-27.9%) |
| 3BR | $3,255 | $3,948 | −$692 (-17.5%) |
| 4BR | $8,500 | $5,000 | +$3,500 (+70.0%) |
| 4BR | $1,375 | $5,000 | −$3,625 (-72.5%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.