Monthly Rent Report
Gramercy Park Rent Report — October 2024
Asking rents in ZIP 90047, Los Angeles, from 65 listings.
Median 1BR rent in Gramercy Park was $1,950 in October 2024, flat versus September 2024 and down 18.6% year-over-year. The middle half of 1BR listings asked between $1,700 and $2,000. That puts Gramercy Park $61 below the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 65 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,970 | +$470 (+31.3%) | +$370 (+23.1%) | $1,431 – $2,100 | 6 |
| Studio | $1,600 | +$100 (+6.7%) | $0 (0.0%) | $1,600 – $1,720 | 3 |
| 1BR | $1,950 | $0 (0.0%) | −$445 (-18.6%) | $1,700 – $2,000 | 22 |
| 1BR | $2,000 | +$50 (+2.6%) | −$395 (-16.5%) | $2,000 – $2,000 | 1 |
| 2BR | $2,450 | −$200 (-7.5%) | +$555 (+29.3%) | $2,325 – $2,575 | 2 |
| 2BR | $2,450 | −$200 (-7.5%) | +$555 (+29.3%) | $2,450 – $2,671 | 22 |
| 3BR | $3,318 | +$223 (+7.2%) | −$597 (-15.3%) | $3,229 – $3,406 | 2 |
| 4BR | $3,300 | +$100 (+3.1%) | −$600 (-15.4%) | $3,300 – $3,300 | 1 |
| 4BR | $3,800 | +$600 (+18.8%) | −$100 (-2.6%) | $3,800 – $3,800 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Gramercy Park vs. Los Angeles — October 2024
| Bedrooms | Gramercy Park Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,970 | $1,700 | +$270 (+15.9%) |
| Studio | $1,600 | $1,700 | −$100 (-5.9%) |
| 1BR | $1,950 | $2,011 | −$61 (-3.0%) |
| 1BR | $2,000 | $2,011 | −$11 (-0.6%) |
| 2BR | $2,450 | $2,727 | −$277 (-10.2%) |
| 2BR | $2,450 | $2,727 | −$277 (-10.2%) |
| 3BR | $3,318 | $3,816 | −$498 (-13.1%) |
| 4BR | $3,300 | $5,225 | −$1,925 (-36.8%) |
| 4BR | $3,800 | $5,225 | −$1,425 (-27.3%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.