Monthly Rent Report
Hollywood Rent Report — August 2023
Asking rents in ZIP 90038, Los Angeles, from 109 listings.
Median 1BR rent in Hollywood was $3,407 in August 2023, up 100.4% (+$1,707) from July 2023 and up 13.6% year-over-year. The middle half of 1BR listings asked between $3,402 and $3,413. That puts Hollywood $1,307 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 109 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,979 | +$597 (+25.0%) | +$1,184 (+66.0%) | $2,979 – $2,979 | 1 |
| Studio | $1,550 | −$832 (-34.9%) | −$245 (-13.6%) | $1,550 – $1,550 | 2 |
| Studio | $1,295 | −$1,087 (-45.6%) | −$500 (-27.9%) | $1,295 – $1,295 | 8 |
| 1BR | $3,407 | +$1,707 (+100.4%) | +$407 (+13.6%) | $3,402 – $3,413 | 2 |
| 1BR | $1,975 | +$275 (+16.2%) | −$1,025 (-34.2%) | $1,913 – $2,038 | 2 |
| 1BR | $2,395 | +$695 (+40.9%) | −$605 (-20.2%) | $1,996 – $3,184 | 42 |
| 2BR | $2,600 | −$122 (-4.5%) | −$1,395 (-34.9%) | $2,500 – $3,000 | 20 |
| 2BR | $4,649 | +$1,927 (+70.8%) | +$654 (+16.4%) | $4,554 – $4,711 | 3 |
| 2BR | $2,695 | −$27 (-1.0%) | −$1,300 (-32.5%) | $2,545 – $2,845 | 2 |
| 3BR | $7,500 | +$2,700 (+56.3%) | +$2,905 (+63.2%) | $7,500 – $7,500 | 1 |
| 3BR | $5,273 | +$473 (+9.9%) | +$678 (+14.8%) | $5,273 – $5,273 | 1 |
| 3BR | $5,806 | +$1,006 (+20.9%) | +$1,211 (+26.3%) | $4,470 – $7,485 | 16 |
| 4BR | $7,495 | +$300 (+4.2%) | +$995 (+15.3%) | $7,495 – $7,495 | 2 |
| 4BR | $7,195 | $0 (0.0%) | +$695 (+10.7%) | $7,195 – $7,195 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Hollywood vs. Los Angeles — August 2023
| Bedrooms | Hollywood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,979 | $1,775 | +$1,204 (+67.8%) |
| Studio | $1,550 | $1,775 | −$225 (-12.7%) |
| Studio | $1,295 | $1,775 | −$480 (-27.0%) |
| 1BR | $3,407 | $2,100 | +$1,307 (+62.2%) |
| 1BR | $1,975 | $2,100 | −$125 (-6.0%) |
| 1BR | $2,395 | $2,100 | +$295 (+14.0%) |
| 2BR | $2,600 | $2,895 | −$295 (-10.2%) |
| 2BR | $4,649 | $2,895 | +$1,754 (+60.6%) |
| 2BR | $2,695 | $2,895 | −$200 (-6.9%) |
| 3BR | $7,500 | $3,897 | +$3,603 (+92.4%) |
| 3BR | $5,273 | $3,897 | +$1,376 (+35.3%) |
| 3BR | $5,806 | $3,897 | +$1,908 (+49.0%) |
| 4BR | $7,495 | $5,163 | +$2,333 (+45.2%) |
| 4BR | $7,195 | $5,163 | +$2,033 (+39.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.