Monthly Rent Report
Watts Rent Report — May 2023
Asking rents in ZIP 90002, Los Angeles, from 43 listings.
Median 1BR rent in Watts was $1,700 in May 2023, up 6.3% (+$100) from April 2023 and up 9.7% year-over-year. The middle half of 1BR listings asked between $1,620 and $1,700. That puts Watts $422 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 43 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,700 | +$100 (+6.3%) | +$150 (+9.7%) | $1,620 – $1,700 | 5 |
| 1BR | $1,300 | −$300 (-18.8%) | −$250 (-16.1%) | $1,300 – $1,300 | 1 |
| 2BR | $2,666 | +$668 (+33.4%) | −$284 (-9.6%) | $2,666 – $2,708 | 3 |
| 2BR | $2,750 | +$752 (+37.6%) | −$200 (-6.8%) | $2,750 – $2,750 | 1 |
| 3BR | $3,233 | +$33 (+1.0%) | +$733 (+29.3%) | $3,116 – $3,349 | 2 |
| 3BR | $3,200 | $0 (0.0%) | +$700 (+28.0%) | $3,100 – $3,465 | 25 |
| 4BR | $3,400 | $0 (0.0%) | — | $3,400 – $3,450 | 3 |
| 4BR | $3,400 | $0 (0.0%) | — | $3,400 – $3,450 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — May 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,700 | $2,122 | −$422 (-19.9%) |
| 1BR | $1,300 | $2,122 | −$822 (-38.7%) |
| 2BR | $2,666 | $2,780 | −$114 (-4.1%) |
| 2BR | $2,750 | $2,780 | −$30 (-1.1%) |
| 3BR | $3,233 | $3,943 | −$710 (-18.0%) |
| 3BR | $3,200 | $3,943 | −$742 (-18.8%) |
| 4BR | $3,400 | $5,000 | −$1,600 (-32.0%) |
| 4BR | $3,400 | $5,000 | −$1,600 (-32.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.