Monthly Rent Report
Valley Village Rent Report — August 2023
Asking rents in ZIP 91607, Los Angeles, from 29 listings.
Median 1BR rent in Valley Village was $1,775 in August 2023, down 16.5% (−$350) from July 2023 and down 24.5% year-over-year. The middle half of 1BR listings asked between $1,725 and $1,825. That puts Valley Village $325 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 29 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,625 | — | +$130 (+8.7%) | $1,625 – $1,625 | 1 |
| Studio | $1,625 | — | +$130 (+8.7%) | $1,625 – $1,625 | 1 |
| 1BR | $1,775 | −$350 (-16.5%) | −$575 (-24.5%) | $1,725 – $1,825 | 2 |
| 1BR | $1,775 | −$350 (-16.5%) | −$575 (-24.5%) | $1,725 – $1,825 | 2 |
| 2BR | $2,595 | −$155 (-5.6%) | −$505 (-16.3%) | $2,395 – $2,650 | 5 |
| 2BR | $2,595 | −$155 (-5.6%) | −$505 (-16.3%) | $2,395 – $2,650 | 5 |
| 2BR | $2,995 | +$245 (+8.9%) | −$105 (-3.4%) | $2,995 – $2,995 | 1 |
| 3BR | $7,300 | $0 (0.0%) | — | $7,300 – $7,300 | 1 |
| 3BR | $7,300 | $0 (0.0%) | — | $7,300 – $7,300 | 1 |
| 4BR | $3,645 | $0 (0.0%) | $0 (0.0%) | $3,645 – $3,645 | 8 |
| 4BR | $3,645 | $0 (0.0%) | $0 (0.0%) | $3,645 – $3,645 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Valley Village vs. Los Angeles — August 2023
| Bedrooms | Valley Village Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,625 | $1,775 | −$150 (-8.5%) |
| Studio | $1,625 | $1,775 | −$150 (-8.5%) |
| 1BR | $1,775 | $2,100 | −$325 (-15.5%) |
| 1BR | $1,775 | $2,100 | −$325 (-15.5%) |
| 2BR | $2,595 | $2,895 | −$300 (-10.4%) |
| 2BR | $2,595 | $2,895 | −$300 (-10.4%) |
| 2BR | $2,995 | $2,895 | +$100 (+3.5%) |
| 3BR | $7,300 | $3,897 | +$3,403 (+87.3%) |
| 3BR | $7,300 | $3,897 | +$3,403 (+87.3%) |
| 4BR | $3,645 | $5,163 | −$1,517 (-29.4%) |
| 4BR | $3,645 | $5,163 | −$1,517 (-29.4%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.