Monthly Rent Report
Gramercy Park Rent Report — August 2024
Asking rents in ZIP 90047, Los Angeles, from 28 listings.
Median 1BR rent in Gramercy Park was $1,900 in August 2024, down 0.6% (−$11) from July 2024 and up 1.5% 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 28 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | +$525 (+39.6%) | +$250 (+15.6%) | $1,850 – $1,850 | 1 |
| 1BR | $1,900 | −$11 (-0.6%) | +$28 (+1.5%) | $1,900 – $1,900 | 1 |
| 1BR | $1,895 | −$16 (-0.8%) | +$23 (+1.2%) | $1,895 – $1,895 | 2 |
| 2BR | $2,500 | −$401 (-13.8%) | +$305 (+13.9%) | $2,500 – $2,500 | 1 |
| 3BR | $4,500 | +$855 (+23.5%) | +$1,100 (+32.4%) | $4,500 – $4,500 | 1 |
| 4BR | $4,000 | +$601 (+17.7%) | +$2,625 (+190.9%) | $4,000 – $4,000 | 6 |
| 4BR | $3,600 | +$201 (+5.9%) | +$2,225 (+161.8%) | $3,550 – $3,650 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — August 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $1,750 | +$100 (+5.7%) |
| 1BR | $1,900 | $2,095 | −$195 (-9.3%) |
| 1BR | $1,895 | $2,095 | −$200 (-9.5%) |
| 2BR | $2,500 | $2,795 | −$295 (-10.6%) |
| 3BR | $4,500 | $4,000 | +$500 (+12.5%) |
| 4BR | $4,000 | $4,895 | −$895 (-18.3%) |
| 4BR | $3,600 | $4,895 | −$1,295 (-26.5%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.