Monthly Rent Report
Watts Rent Report — March 2023
Asking rents in ZIP 90059, Los Angeles, from 87 listings.
Median 1BR rent in Watts was $1,500 in March 2023 and down 20.3% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Watts $597 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 87 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,500 | — | −$382 (-20.3%) | $1,500 – $1,500 | 1 |
| 1BR | $1,500 | — | −$382 (-20.3%) | $1,500 – $1,500 | 1 |
| 2BR | $1,845 | −$605 (-24.7%) | −$605 (-24.7%) | $1,845 – $1,999 | 5 |
| 2BR | $1,845 | −$605 (-24.7%) | −$605 (-24.7%) | $1,845 – $1,845 | 3 |
| 3BR | $2,650 | −$801 (-23.2%) | −$475 (-15.2%) | $2,650 – $2,650 | 1 |
| 3BR | $2,675 | −$776 (-22.5%) | −$450 (-14.4%) | $2,625 – $2,675 | 63 |
| 4BR | $3,400 | $0 (0.0%) | +$900 (+36.0%) | $3,400 – $3,400 | 12 |
| 4BR | $3,800 | +$400 (+11.8%) | +$1,300 (+52.0%) | $3,800 – $3,800 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — March 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,500 | $2,097 | −$597 (-28.5%) |
| 1BR | $1,500 | $2,097 | −$597 (-28.5%) |
| 2BR | $1,845 | $2,750 | −$905 (-32.9%) |
| 2BR | $1,845 | $2,750 | −$905 (-32.9%) |
| 3BR | $2,650 | $3,923 | −$1,272 (-32.4%) |
| 3BR | $2,675 | $3,923 | −$1,247 (-31.8%) |
| 4BR | $3,400 | $4,760 | −$1,360 (-28.6%) |
| 4BR | $3,800 | $4,760 | −$960 (-20.2%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.