Monthly Rent Report
Hollywood Rent Report — May 2023
Asking rents in ZIP 90028, Los Angeles, from 1,036 listings.
Median 1BR rent in Hollywood was $2,100 in May 2023, down 44.0% (−$1,650) from April 2023 and down 35.6% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,100. That puts Hollywood in line with the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 1,036 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,400 | −$774 (-35.6%) | −$2,125 (-60.3%) | $1,400 – $1,448 | 3 |
| Studio | $2,050 | −$124 (-5.7%) | −$1,475 (-41.8%) | $1,650 – $2,385 | 253 |
| 1BR | $2,100 | −$1,650 (-44.0%) | −$1,160 (-35.6%) | $2,000 – $2,100 | 5 |
| 1BR | $2,575 | −$1,175 (-31.3%) | −$685 (-21.0%) | $2,099 – $3,179 | 432 |
| 2BR | $3,500 | −$190 (-5.1%) | +$5 (+0.1%) | $2,940 – $4,296 | 307 |
| 2BR | $2,487 | −$1,203 (-32.6%) | −$1,008 (-28.8%) | $2,096 – $2,495 | 5 |
| 3BR | $3,295 | −$1,705 (-34.1%) | −$955 (-22.5%) | $3,295 – $3,295 | 1 |
| 3BR | $4,613 | −$387 (-7.8%) | +$363 (+8.5%) | $4,195 – $5,412 | 28 |
| 4BR | $7,500 | +$2,250 (+42.9%) | — | $7,500 – $7,500 | 1 |
| 4BR | $7,500 | +$2,250 (+42.9%) | — | $7,500 – $7,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Hollywood vs. Los Angeles — May 2023
| Bedrooms | Hollywood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,400 | $1,750 | −$350 (-20.0%) |
| Studio | $2,050 | $1,750 | +$300 (+17.1%) |
| 1BR | $2,100 | $2,122 | −$22 (-1.0%) |
| 1BR | $2,575 | $2,122 | +$453 (+21.3%) |
| 2BR | $3,500 | $2,780 | +$720 (+25.9%) |
| 2BR | $2,487 | $2,780 | −$293 (-10.5%) |
| 3BR | $3,295 | $3,943 | −$647 (-16.4%) |
| 3BR | $4,613 | $3,943 | +$670 (+17.0%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.