Monthly Rent Report
South LA Rent Report — August 2023
Asking rents in ZIP 90007, Los Angeles, from 83 listings.
Median 1BR rent in South LA was $1,050 in August 2023, down 4.5% (−$50) from July 2023 and down 41.5% year-over-year. The middle half of 1BR listings asked between $1,050 and $1,050. That puts South LA $1,050 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 83 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,671 | −$129 (-7.2%) | −$102 (-5.8%) | $1,498 – $1,843 | 2 |
| Studio | $1,900 | +$100 (+5.6%) | +$128 (+7.2%) | $1,325 – $2,016 | 19 |
| 1BR | $1,050 | −$50 (-4.5%) | −$745 (-41.5%) | $1,050 – $1,050 | 1 |
| 1BR | $2,407 | +$1,307 (+118.8%) | +$612 (+34.1%) | $1,991 – $2,407 | 3 |
| 2BR | $3,350 | +$50 (+1.5%) | +$850 (+34.0%) | $2,500 – $3,625 | 25 |
| 2BR | $3,195 | −$105 (-3.2%) | +$695 (+27.8%) | $3,195 – $3,195 | 1 |
| 3BR | $3,895 | +$695 (+21.7%) | +$295 (+8.2%) | $3,895 – $3,895 | 1 |
| 3BR | $5,375 | +$2,175 (+68.0%) | +$1,775 (+49.3%) | $5,338 – $5,413 | 2 |
| 4BR | $4,800 | +$2,845 (+145.5%) | $0 (0.0%) | $3,114 – $5,500 | 20 |
| 4BR | $5,500 | +$3,545 (+181.3%) | +$700 (+14.6%) | $3,375 – $5,931 | 3 |
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 | $1,671 | $1,775 | −$104 (-5.9%) |
| Studio | $1,900 | $1,775 | +$125 (+7.0%) |
| 1BR | $1,050 | $2,100 | −$1,050 (-50.0%) |
| 1BR | $2,407 | $2,100 | +$307 (+14.6%) |
| 2BR | $3,350 | $2,895 | +$455 (+15.7%) |
| 2BR | $3,195 | $2,895 | +$300 (+10.4%) |
| 3BR | $3,895 | $3,897 | −$2 (-0.1%) |
| 3BR | $5,375 | $3,897 | +$1,478 (+37.9%) |
| 4BR | $4,800 | $5,163 | −$362 (-7.0%) |
| 4BR | $5,500 | $5,163 | +$338 (+6.5%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.