Monthly Rent Report
Gramercy Park Rent Report — April 2024
Asking rents in ZIP 90047, Los Angeles, from 556 listings.
Median 1BR rent in Gramercy Park was $1,795 in April 2024, down 10.0% (−$200) from March 2024 and up 5.9% year-over-year. The middle half of 1BR listings asked between $1,795 and $1,795. That puts Gramercy Park $300 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 556 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$375 (-21.7%) | −$250 (-15.6%) | $1,350 – $1,350 | 1 |
| Studio | $1,650 | −$75 (-4.3%) | +$50 (+3.1%) | $1,425 – $1,795 | 21 |
| 1BR | $1,795 | −$200 (-10.0%) | +$100 (+5.9%) | $1,795 – $1,795 | 1 |
| 1BR | $2,025 | +$30 (+1.5%) | +$330 (+19.5%) | $1,903 – $2,300 | 98 |
| 2BR | $2,550 | +$50 (+2.0%) | −$50 (-1.9%) | $2,350 – $2,845 | 162 |
| 2BR | $2,200 | −$300 (-12.0%) | −$400 (-15.4%) | $2,200 – $2,200 | 1 |
| 3BR | $3,236 | +$184 (+6.0%) | +$37 (+1.2%) | $2,995 – $3,700 | 217 |
| 3BR | $3,395 | +$343 (+11.2%) | +$196 (+6.1%) | $3,296 – $3,408 | 4 |
| 4BR | $3,500 | +$101 (+3.0%) | +$2,125 (+154.5%) | $3,389 – $3,600 | 48 |
| 4BR | $1,200 | −$2,199 (-64.7%) | −$175 (-12.7%) | $1,200 – $1,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — April 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $1,795 | −$445 (-24.8%) |
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| 1BR | $1,795 | $2,095 | −$300 (-14.3%) |
| 1BR | $2,025 | $2,095 | −$70 (-3.3%) |
| 2BR | $2,550 | $2,833 | −$283 (-10.0%) |
| 2BR | $2,200 | $2,833 | −$633 (-22.3%) |
| 3BR | $3,236 | $3,950 | −$714 (-18.1%) |
| 3BR | $3,395 | $3,950 | −$555 (-14.1%) |
| 4BR | $3,500 | $4,999 | −$1,499 (-30.0%) |
| 4BR | $1,200 | $4,999 | −$3,799 (-76.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.