Monthly Rent Report
Hollywood Rent Report — May 2023
Asking rents in ZIP 90038, Los Angeles, from 461 listings.
Median 1BR rent in Hollywood was $2,200 in May 2023, down 32.6% (−$1,064) from April 2023 and up 14.6% year-over-year. The middle half of 1BR listings asked between $1,850 and $3,000. That puts Hollywood $78 above the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 461 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$1,215 (-41.0%) | +$355 (+25.4%) | $1,750 – $1,750 | 1 |
| Studio | $1,799 | −$1,166 (-39.3%) | +$404 (+29.0%) | $1,536 – $2,773 | 71 |
| Studio | $2,841 | −$124 (-4.2%) | +$1,446 (+103.7%) | $2,789 – $2,854 | 5 |
| 1BR | $2,200 | −$1,064 (-32.6%) | +$280 (+14.6%) | $1,850 – $3,000 | 136 |
| 1BR | $1,750 | −$1,514 (-46.4%) | −$170 (-8.9%) | $1,650 – $1,773 | 3 |
| 1BR | $3,237 | −$27 (-0.8%) | +$1,317 (+68.6%) | $3,148 – $3,412 | 12 |
| 2BR | $3,500 | −$4,500 (-56.3%) | +$5 (+0.1%) | $2,756 – $3,995 | 130 |
| 2BR | $2,700 | −$5,300 (-66.3%) | −$795 (-22.7%) | $2,700 – $2,700 | 1 |
| 2BR | $4,211 | −$3,789 (-47.4%) | +$716 (+20.5%) | $4,010 – $4,260 | 10 |
| 3BR | $5,196 | +$496 (+10.6%) | −$379 (-6.8%) | $5,196 – $5,221 | 3 |
| 3BR | $4,805 | +$105 (+2.2%) | −$770 (-13.8%) | $4,095 – $5,571 | 64 |
| 3BR | $3,995 | −$705 (-15.0%) | −$1,580 (-28.3%) | $3,995 – $3,995 | 1 |
| 4BR | $7,500 | $0 (0.0%) | −$850 (-10.2%) | $5,995 – $7,995 | 13 |
| 4BR | $7,995 | +$495 (+6.6%) | −$355 (-4.3%) | $6,995 – $7,995 | 3 |
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 | $1,750 | $1,750 | $0 (0.0%) |
| Studio | $1,799 | $1,750 | +$49 (+2.8%) |
| Studio | $2,841 | $1,750 | +$1,091 (+62.3%) |
| 1BR | $2,200 | $2,122 | +$78 (+3.7%) |
| 1BR | $1,750 | $2,122 | −$372 (-17.5%) |
| 1BR | $3,237 | $2,122 | +$1,115 (+52.5%) |
| 2BR | $3,500 | $2,780 | +$720 (+25.9%) |
| 2BR | $2,700 | $2,780 | −$80 (-2.9%) |
| 2BR | $4,211 | $2,780 | +$1,431 (+51.5%) |
| 3BR | $5,196 | $3,943 | +$1,254 (+31.8%) |
| 3BR | $4,805 | $3,943 | +$863 (+21.9%) |
| 3BR | $3,995 | $3,943 | +$53 (+1.3%) |
| 4BR | $7,500 | $5,000 | +$2,500 (+50.0%) |
| 4BR | $7,995 | $5,000 | +$2,995 (+59.9%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.