Monthly Rent Report
Watts Rent Report — March 2023
Asking rents in ZIP 90002, Los Angeles, from 49 listings.
Median 1BR rent in Watts was $1,520 in March 2023, down 10.6% (−$180) from February 2023 and up 9.0% year-over-year. The middle half of 1BR listings asked between $1,480 and $1,560. That puts Watts $577 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 49 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,520 | −$180 (-10.6%) | +$125 (+9.0%) | $1,480 – $1,560 | 2 |
| 1BR | $1,600 | −$100 (-5.9%) | +$205 (+14.7%) | $1,560 – $1,625 | 8 |
| 2BR | $2,075 | −$377 (-15.4%) | −$775 (-27.2%) | $2,063 – $2,088 | 2 |
| 2BR | $1,998 | −$454 (-18.5%) | −$852 (-29.9%) | $1,998 – $1,998 | 9 |
| 3BR | $3,125 | +$130 (+4.3%) | +$625 (+25.0%) | $2,950 – $3,300 | 18 |
| 3BR | $2,950 | −$45 (-1.5%) | +$450 (+18.0%) | $2,950 – $2,950 | 1 |
| 4BR | $3,800 | +$50 (+1.3%) | +$305 (+8.7%) | $3,800 – $3,800 | 2 |
| 4BR | $3,800 | +$50 (+1.3%) | +$305 (+8.7%) | $3,800 – $3,800 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — March 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,520 | $2,097 | −$577 (-27.5%) |
| 1BR | $1,600 | $2,097 | −$497 (-23.7%) |
| 2BR | $2,075 | $2,750 | −$675 (-24.5%) |
| 2BR | $1,998 | $2,750 | −$752 (-27.3%) |
| 3BR | $3,125 | $3,923 | −$797 (-20.3%) |
| 3BR | $2,950 | $3,923 | −$972 (-24.8%) |
| 4BR | $3,800 | $4,760 | −$960 (-20.2%) |
| 4BR | $3,800 | $4,760 | −$960 (-20.2%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.