Monthly Rent Report
Watts Rent Report — December 2023
Asking rents in ZIP 90002, Los Angeles, from 66 listings.
Median 1BR rent in Watts was $1,625 in December 2023, down 4.1% (−$70) from November 2023 and down 12.2% year-over-year. The middle half of 1BR listings asked between $1,625 and $1,960. That puts Watts $504 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 66 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,799 | −$1 (-0.1%) | — | $1,799 – $1,847 | 3 |
| Studio | $1,895 | +$95 (+5.3%) | — | $1,799 – $1,895 | 5 |
| 1BR | $1,625 | −$70 (-4.1%) | −$225 (-12.2%) | $1,625 – $1,960 | 3 |
| 1BR | $1,625 | −$70 (-4.1%) | −$225 (-12.2%) | $1,625 – $1,625 | 1 |
| 2BR | $2,650 | +$375 (+16.5%) | +$198 (+8.1%) | $2,650 – $2,650 | 7 |
| 2BR | $2,450 | +$175 (+7.7%) | −$2 (-0.1%) | $2,450 – $2,450 | 1 |
| 3BR | $2,875 | −$325 (-10.2%) | −$75 (-2.5%) | $2,875 – $2,875 | 1 |
| 3BR | $3,800 | +$600 (+18.8%) | +$850 (+28.8%) | $3,800 – $4,120 | 18 |
| 4BR | $4,420 | +$600 (+15.7%) | +$720 (+19.5%) | $4,320 – $4,420 | 13 |
| 4BR | $4,370 | +$550 (+14.4%) | +$670 (+18.1%) | $4,320 – $4,420 | 6 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — December 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,799 | $1,750 | +$49 (+2.8%) |
| Studio | $1,895 | $1,750 | +$145 (+8.3%) |
| 1BR | $1,625 | $2,129 | −$504 (-23.7%) |
| 1BR | $1,625 | $2,129 | −$504 (-23.7%) |
| 2BR | $2,650 | $2,795 | −$145 (-5.2%) |
| 2BR | $2,450 | $2,795 | −$345 (-12.3%) |
| 3BR | $2,875 | $3,923 | −$1,047 (-26.7%) |
| 3BR | $3,800 | $3,923 | −$122 (-3.1%) |
| 4BR | $4,420 | $4,750 | −$330 (-6.9%) |
| 4BR | $4,370 | $4,750 | −$380 (-8.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.