Monthly Rent Report
Watts Rent Report — August 2023
Asking rents in ZIP 90002, Los Angeles, from 38 listings.
Median 1BR rent in Watts was $1,625 in August 2023, down 15.5% (−$298) from July 2023 and up 1.2% year-over-year. The middle half of 1BR listings asked between $1,625 and $1,625. That puts Watts $475 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 38 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | $0 (0.0%) | — | $1,895 – $1,895 | 1 |
| Studio | $1,895 | $0 (0.0%) | — | $1,895 – $1,895 | 1 |
| 1BR | $1,625 | −$298 (-15.5%) | +$20 (+1.2%) | $1,625 – $1,625 | 1 |
| 1BR | $1,400 | −$523 (-27.2%) | −$205 (-12.8%) | $1,400 – $1,400 | 1 |
| 2BR | $2,700 | +$34 (+1.3%) | — | $2,525 – $2,700 | 4 |
| 2BR | $2,700 | +$34 (+1.3%) | — | $2,700 – $2,700 | 1 |
| 3BR | $2,485 | −$947 (-27.6%) | −$765 (-23.5%) | $2,240 – $2,730 | 2 |
| 3BR | $3,200 | −$232 (-6.8%) | −$50 (-1.5%) | $3,100 – $3,465 | 21 |
| 4BR | $3,634 | $0 (0.0%) | +$244 (+7.2%) | $3,411 – $3,804 | 4 |
| 4BR | $3,600 | −$34 (-0.9%) | +$210 (+6.2%) | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — August 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,775 | +$120 (+6.8%) |
| Studio | $1,895 | $1,775 | +$120 (+6.8%) |
| 1BR | $1,625 | $2,100 | −$475 (-22.6%) |
| 1BR | $1,400 | $2,100 | −$700 (-33.3%) |
| 2BR | $2,700 | $2,895 | −$195 (-6.7%) |
| 2BR | $2,700 | $2,895 | −$195 (-6.7%) |
| 3BR | $2,485 | $3,897 | −$1,412 (-36.2%) |
| 3BR | $3,200 | $3,897 | −$697 (-17.9%) |
| 4BR | $3,634 | $5,163 | −$1,528 (-29.6%) |
| 4BR | $3,600 | $5,163 | −$1,562 (-30.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.