Monthly Rent Report
South LA Rent Report — August 2023
Asking rents in ZIP 90003, Los Angeles, from 40 listings.
Median 1BR rent in South LA was $1,695 in August 2023, down 8.4% (−$155) from July 2023 and up 9.9% year-over-year. The middle half of 1BR listings asked between $1,650 and $2,407. That puts South LA $405 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 40 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,325 | −$62 (-4.5%) | −$1,325 (-50.0%) | $1,325 – $1,325 | 2 |
| Studio | $1,325 | −$62 (-4.5%) | −$1,325 (-50.0%) | $1,325 – $1,325 | 2 |
| 1BR | $1,695 | −$155 (-8.4%) | +$152 (+9.9%) | $1,650 – $2,407 | 14 |
| 1BR | $2,096 | +$246 (+13.3%) | +$553 (+35.8%) | $2,096 – $2,096 | 1 |
| 2BR | $2,666 | +$441 (+19.8%) | +$516 (+24.0%) | $2,666 – $2,666 | 1 |
| 2BR | $3,000 | +$775 (+34.8%) | +$850 (+39.5%) | $3,000 – $3,000 | 3 |
| 3BR | $2,900 | −$81 (-2.7%) | −$50 (-1.7%) | $2,750 – $2,900 | 3 |
| 3BR | $3,400 | +$419 (+14.1%) | +$450 (+15.3%) | $3,400 – $3,400 | 1 |
| 4BR | $4,000 | +$400 (+11.1%) | +$300 (+8.1%) | $4,000 – $4,000 | 1 |
| 4BR | $3,495 | −$105 (-2.9%) | −$205 (-5.5%) | $3,495 – $3,495 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — August 2023
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,325 | $1,775 | −$450 (-25.4%) |
| Studio | $1,325 | $1,775 | −$450 (-25.4%) |
| 1BR | $1,695 | $2,100 | −$405 (-19.3%) |
| 1BR | $2,096 | $2,100 | −$4 (-0.2%) |
| 2BR | $2,666 | $2,895 | −$229 (-7.9%) |
| 2BR | $3,000 | $2,895 | +$105 (+3.6%) |
| 3BR | $2,900 | $3,897 | −$997 (-25.6%) |
| 3BR | $3,400 | $3,897 | −$497 (-12.8%) |
| 4BR | $4,000 | $5,163 | −$1,162 (-22.5%) |
| 4BR | $3,495 | $5,163 | −$1,667 (-32.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.