Monthly Rent Report
Watts Rent Report — September 2023
Asking rents in ZIP 90002, Los Angeles, from 28 listings.
Median 1BR rent in Watts was $1,975 in September 2023, up 21.5% (+$350) from August 2023 and up 23.4% year-over-year. The middle half of 1BR listings asked between $1,963 and $1,988. That puts Watts $25 below the Los Angeles citywide 1BR median of $2,000. The month's figures are based on 28 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,975 | +$350 (+21.5%) | +$375 (+23.4%) | $1,963 – $1,988 | 2 |
| 1BR | $2,000 | +$375 (+23.1%) | +$400 (+25.0%) | $1,825 – $2,000 | 3 |
| 2BR | $2,666 | −$34 (-1.3%) | −$134 (-4.8%) | $2,208 – $2,859 | 3 |
| 2BR | $2,631 | −$69 (-2.6%) | −$169 (-6.1%) | $2,384 – $2,666 | 8 |
| 3BR | $3,100 | +$615 (+24.7%) | −$150 (-4.6%) | $3,100 – $3,100 | 2 |
| 3BR | $1,995 | −$490 (-19.7%) | −$1,255 (-38.6%) | $1,995 – $1,995 | 1 |
| 4BR | $3,400 | −$200 (-5.6%) | −$100 (-2.9%) | $3,400 – $3,513 | 4 |
| 4BR | $3,550 | −$50 (-1.4%) | +$50 (+1.4%) | $3,525 – $3,575 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — September 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,975 | $2,000 | −$25 (-1.3%) |
| 1BR | $2,000 | $2,000 | $0 (0.0%) |
| 2BR | $2,666 | $2,750 | −$84 (-3.1%) |
| 2BR | $2,631 | $2,750 | −$119 (-4.3%) |
| 3BR | $3,100 | $3,948 | −$847 (-21.5%) |
| 3BR | $1,995 | $3,948 | −$1,952 (-49.5%) |
| 4BR | $3,400 | $5,000 | −$1,600 (-32.0%) |
| 4BR | $3,550 | $5,000 | −$1,450 (-29.0%) |
Citywide figure is the median of zip-level medians across 130 Los Angeles zip codes with listings in September 2023.