Monthly Rent Report
Gramercy Park Rent Report — May 2024
Asking rents in ZIP 90047, Los Angeles, from 610 listings.
Median 1BR rent in Gramercy Park was $1,900 in May 2024, down 6.2% (−$125) from April 2024 and up 5.6% year-over-year. The middle half of 1BR listings asked between $1,900 and $1,900. That puts Gramercy Park $195 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 610 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,973 | +$623 (+46.1%) | +$373 (+23.3%) | $1,650 – $2,000 | 8 |
| Studio | $1,973 | +$623 (+46.1%) | +$373 (+23.3%) | $1,650 – $2,000 | 8 |
| 1BR | $1,900 | −$125 (-6.2%) | +$100 (+5.6%) | $1,900 – $1,900 | 1 |
| 1BR | $1,995 | −$30 (-1.5%) | +$195 (+10.8%) | $1,895 – $2,200 | 66 |
| 2BR | $2,600 | +$50 (+2.0%) | +$101 (+4.0%) | $2,600 – $2,600 | 1 |
| 2BR | $2,650 | +$100 (+3.9%) | +$151 (+6.0%) | $2,400 – $2,845 | 146 |
| 3BR | $3,850 | +$614 (+19.0%) | +$2,250 (+140.6%) | $3,850 – $3,850 | 1 |
| 3BR | $3,236 | $0 (0.0%) | +$1,636 (+102.3%) | $2,945 – $3,590 | 301 |
| 4BR | $3,795 | +$295 (+8.4%) | +$2,420 (+176.0%) | $3,795 – $3,795 | 3 |
| 4BR | $3,399 | −$101 (-2.9%) | +$2,024 (+147.2%) | $3,195 – $3,998 | 67 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — May 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,973 | $1,795 | +$178 (+9.9%) |
| Studio | $1,973 | $1,795 | +$178 (+9.9%) |
| 1BR | $1,900 | $2,095 | −$195 (-9.3%) |
| 1BR | $1,995 | $2,095 | −$100 (-4.8%) |
| 2BR | $2,600 | $2,850 | −$250 (-8.8%) |
| 2BR | $2,650 | $2,850 | −$200 (-7.0%) |
| 3BR | $3,850 | $3,969 | −$118 (-3.0%) |
| 3BR | $3,236 | $3,969 | −$732 (-18.5%) |
| 4BR | $3,795 | $5,175 | −$1,380 (-26.7%) |
| 4BR | $3,399 | $5,175 | −$1,776 (-34.3%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.