Monthly Rent Report
Gramercy Park Rent Report — March 2024
Asking rents in ZIP 90047, Los Angeles, from 476 listings.
Median 1BR rent in Gramercy Park was $1,995 in March 2024, down 30.0% (−$855) from February 2024 and up 11.1% year-over-year. The middle half of 1BR listings asked between $1,850 and $2,300. That puts Gramercy Park $150 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 476 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,000 | +$500 (+33.3%) | +$505 (+33.8%) | $2,000 – $2,000 | 1 |
| Studio | $1,725 | +$225 (+15.0%) | +$230 (+15.4%) | $1,613 – $1,838 | 2 |
| 1BR | $1,995 | −$855 (-30.0%) | +$200 (+11.1%) | $1,850 – $2,300 | 73 |
| 1BR | $1,995 | −$855 (-30.0%) | +$200 (+11.1%) | $1,995 – $1,995 | 1 |
| 2BR | $2,500 | +$1 (+0.0%) | −$100 (-3.8%) | $2,400 – $2,845 | 104 |
| 2BR | $2,407 | −$92 (-3.7%) | −$193 (-7.4%) | $2,407 – $2,407 | 4 |
| 3BR | $3,052 | −$183 (-5.7%) | +$177 (+6.2%) | $3,052 – $3,141 | 3 |
| 3BR | $3,235 | $0 (0.0%) | +$360 (+12.5%) | $2,945 – $3,395 | 238 |
| 4BR | $3,399 | $0 (0.0%) | +$204 (+6.4%) | $3,195 – $3,399 | 44 |
| 4BR | $3,484 | +$85 (+2.5%) | +$289 (+9.0%) | $3,268 – $3,699 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — March 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,000 | $1,723 | +$278 (+16.1%) |
| Studio | $1,725 | $1,723 | +$3 (+0.1%) |
| 1BR | $1,995 | $2,145 | −$150 (-7.0%) |
| 1BR | $1,995 | $2,145 | −$150 (-7.0%) |
| 2BR | $2,500 | $2,850 | −$350 (-12.3%) |
| 2BR | $2,407 | $2,850 | −$443 (-15.5%) |
| 3BR | $3,052 | $3,762 | −$710 (-18.9%) |
| 3BR | $3,235 | $3,762 | −$527 (-14.0%) |
| 4BR | $3,399 | $4,950 | −$1,551 (-31.3%) |
| 4BR | $3,484 | $4,950 | −$1,466 (-29.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.