Monthly Rent Report
Watts Rent Report — July 2023
Asking rents in ZIP 90002, Los Angeles, from 44 listings.
Median 1BR rent in Watts was $2,096 in July 2023, flat versus June 2023 and up 61.2% year-over-year. The middle half of 1BR listings asked between $1,848 and $2,096. That puts Watts $29 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 44 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | — | +$920 (+94.4%) | $1,895 – $1,895 | 3 |
| Studio | $1,895 | — | +$920 (+94.4%) | $1,895 – $1,895 | 6 |
| 1BR | $2,096 | $0 (0.0%) | +$796 (+61.2%) | $1,848 – $2,096 | 3 |
| 1BR | $1,923 | −$173 (-8.3%) | +$623 (+47.9%) | $1,713 – $2,121 | 4 |
| 2BR | $2,700 | +$34 (+1.3%) | −$500 (-15.6%) | $2,700 – $2,700 | 3 |
| 2BR | $2,666 | $0 (0.0%) | −$534 (-16.7%) | $2,666 – $2,666 | 2 |
| 3BR | $3,248 | +$48 (+1.5%) | +$748 (+29.9%) | $3,200 – $3,465 | 10 |
| 3BR | $3,433 | +$233 (+7.3%) | +$933 (+37.3%) | $3,400 – $3,465 | 6 |
| 4BR | $3,464 | −$36 (-1.0%) | +$364 (+11.7%) | $3,432 – $3,730 | 3 |
| 4BR | $3,634 | +$134 (+3.8%) | +$534 (+17.2%) | $3,448 – $3,804 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — July 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,800 | +$95 (+5.3%) |
| Studio | $1,895 | $1,800 | +$95 (+5.3%) |
| 1BR | $2,096 | $2,125 | −$29 (-1.4%) |
| 1BR | $1,923 | $2,125 | −$202 (-9.5%) |
| 2BR | $2,700 | $2,873 | −$173 (-6.0%) |
| 2BR | $2,666 | $2,873 | −$207 (-7.2%) |
| 3BR | $3,248 | $3,836 | −$588 (-15.3%) |
| 3BR | $3,433 | $3,836 | −$403 (-10.5%) |
| 4BR | $3,464 | $4,572 | −$1,108 (-24.2%) |
| 4BR | $3,634 | $4,572 | −$938 (-20.5%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.