Monthly Rent Report
Gramercy Park Rent Report — January 2024
Asking rents in ZIP 90047, Los Angeles, from 215 listings.
Median 1BR rent in Gramercy Park was $1,700 in January 2024, down 14.8% (−$295) from December 2023 and down 10.3% year-over-year. The middle half of 1BR listings asked between $1,700 and $1,700. That puts Gramercy Park $397 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 215 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | −$545 (-29.6%) | −$305 (-19.1%) | $1,295 – $1,295 | 2 |
| Studio | $1,295 | −$545 (-29.6%) | −$305 (-19.1%) | $1,295 – $1,295 | 2 |
| 1BR | $1,700 | −$295 (-14.8%) | −$195 (-10.3%) | $1,700 – $1,700 | 2 |
| 1BR | $1,900 | −$95 (-4.8%) | +$5 (+0.3%) | $1,762 – $2,050 | 26 |
| 2BR | $2,500 | −$495 (-16.5%) | −$166 (-6.2%) | $2,370 – $2,811 | 80 |
| 2BR | $2,450 | −$545 (-18.2%) | −$216 (-8.1%) | $2,450 – $2,450 | 1 |
| 3BR | $3,518 | +$219 (+6.6%) | +$643 (+22.3%) | $3,351 – $3,684 | 2 |
| 3BR | $3,423 | +$124 (+3.7%) | +$548 (+19.0%) | $3,145 – $3,600 | 78 |
| 4BR | $3,955 | +$556 (+16.4%) | +$605 (+18.1%) | $3,955 – $3,955 | 1 |
| 4BR | $3,399 | $0 (0.0%) | +$49 (+1.5%) | $3,273 – $4,300 | 19 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — January 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,750 | −$455 (-26.0%) |
| Studio | $1,295 | $1,750 | −$455 (-26.0%) |
| 1BR | $1,700 | $2,097 | −$396 (-18.9%) |
| 1BR | $1,900 | $2,097 | −$196 (-9.4%) |
| 2BR | $2,500 | $2,795 | −$295 (-10.6%) |
| 2BR | $2,450 | $2,795 | −$345 (-12.3%) |
| 3BR | $3,518 | $3,950 | −$432 (-10.9%) |
| 3BR | $3,423 | $3,950 | −$527 (-13.4%) |
| 4BR | $3,955 | $5,200 | −$1,245 (-23.9%) |
| 4BR | $3,399 | $5,200 | −$1,801 (-34.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.