Monthly Rent Report
Watts Rent Report — October 2023
Asking rents in ZIP 90002, Los Angeles, from 90 listings.
Median 1BR rent in Watts was $1,625 in October 2023, down 18.8% (−$375) from September 2023 and up 1.6% year-over-year. The middle half of 1BR listings asked between $1,625 and $1,669. That puts Watts $373 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 90 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | — | — | $1,895 – $1,895 | 9 |
| Studio | $1,895 | — | — | $1,895 – $1,895 | 6 |
| 1BR | $1,625 | −$375 (-18.8%) | +$25 (+1.6%) | $1,625 – $1,669 | 4 |
| 1BR | $1,698 | −$302 (-15.1%) | +$98 (+6.1%) | $1,600 – $2,170 | 30 |
| 2BR | $2,595 | −$71 (-2.7%) | −$403 (-13.4%) | $2,595 – $2,595 | 1 |
| 2BR | $2,576 | −$90 (-3.4%) | −$422 (-14.1%) | $1,963 – $3,052 | 4 |
| 3BR | $2,150 | +$155 (+7.8%) | −$848 (-28.3%) | $2,150 – $2,150 | 1 |
| 3BR | $3,300 | +$1,305 (+65.4%) | +$302 (+10.1%) | $2,995 – $3,400 | 17 |
| 4BR | $3,915 | +$515 (+15.1%) | +$415 (+11.9%) | $3,915 – $3,915 | 3 |
| 4BR | $3,500 | +$100 (+2.9%) | $0 (0.0%) | $3,400 – $3,915 | 9 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — October 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $1,700 | +$195 (+11.5%) |
| Studio | $1,895 | $1,700 | +$195 (+11.5%) |
| 1BR | $1,625 | $1,998 | −$372 (-18.6%) |
| 1BR | $1,698 | $1,998 | −$300 (-15.0%) |
| 2BR | $2,595 | $2,750 | −$155 (-5.6%) |
| 2BR | $2,576 | $2,750 | −$174 (-6.3%) |
| 3BR | $2,150 | $4,195 | −$2,045 (-48.7%) |
| 3BR | $3,300 | $4,195 | −$895 (-21.3%) |
| 4BR | $3,915 | $5,275 | −$1,360 (-25.8%) |
| 4BR | $3,500 | $5,275 | −$1,775 (-33.6%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.