Monthly Rent Report
Gramercy Park Rent Report — February 2024
Asking rents in ZIP 90047, Los Angeles, from 496 listings.
Median 1BR rent in Gramercy Park was $1,911 in February 2024, up 12.4% (+$211) from January 2024 and up 0.8% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,123. That puts Gramercy Park $284 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 496 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,500 | +$205 (+15.8%) | −$100 (-6.3%) | $1,346 – $1,840 | 10 |
| Studio | $1,840 | +$545 (+42.1%) | +$240 (+15.0%) | $1,840 – $1,840 | 1 |
| 1BR | $1,911 | +$211 (+12.4%) | +$16 (+0.8%) | $1,895 – $2,123 | 99 |
| 1BR | $2,850 | +$1,150 (+67.6%) | +$955 (+50.4%) | $2,850 – $2,850 | 1 |
| 2BR | $2,499 | −$1 (-0.0%) | $0 (0.0%) | $2,295 – $2,845 | 148 |
| 2BR | $2,407 | −$93 (-3.7%) | −$92 (-3.7%) | $2,407 – $2,407 | 2 |
| 3BR | $3,235 | −$187 (-5.5%) | +$290 (+9.8%) | $3,052 – $3,481 | 184 |
| 3BR | $3,065 | −$357 (-10.4%) | +$120 (+4.1%) | $3,059 – $3,148 | 3 |
| 4BR | $3,915 | +$516 (+15.2%) | +$720 (+22.5%) | $3,915 – $3,915 | 1 |
| 4BR | $3,399 | $0 (0.0%) | +$204 (+6.4%) | $3,195 – $3,500 | 43 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — February 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,500 | $1,750 | −$249 (-14.3%) |
| Studio | $1,840 | $1,750 | +$91 (+5.2%) |
| 1BR | $1,911 | $2,195 | −$284 (-12.9%) |
| 1BR | $2,850 | $2,195 | +$655 (+29.8%) |
| 2BR | $2,499 | $2,850 | −$351 (-12.3%) |
| 2BR | $2,407 | $2,850 | −$443 (-15.5%) |
| 3BR | $3,235 | $3,995 | −$760 (-19.0%) |
| 3BR | $3,065 | $3,995 | −$930 (-23.3%) |
| 4BR | $3,915 | $5,000 | −$1,085 (-21.7%) |
| 4BR | $3,399 | $5,000 | −$1,601 (-32.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.