Monthly Rent Report
Watts Rent Report — July 2023
Asking rents in ZIP 90059, Los Angeles, from 49 listings.
Median 1BR rent in Watts was $1,999 in July 2023, up 5.5% (+$104) from June 2023 and up 14.2% year-over-year. The middle half of 1BR listings asked between $1,999 and $1,999. That puts Watts $126 below the Los Angeles citywide 1BR median of $2,125. The month's figures are based on 49 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,799 | — | — | $1,799 – $1,799 | 1 |
| Studio | $1,799 | — | — | $1,799 – $1,799 | 1 |
| 1BR | $1,999 | +$104 (+5.5%) | +$249 (+14.2%) | $1,999 – $1,999 | 1 |
| 1BR | $1,850 | −$45 (-2.4%) | +$100 (+5.7%) | $1,775 – $1,924 | 2 |
| 2BR | $2,273 | +$378 (+19.9%) | +$423 (+22.8%) | $2,059 – $2,486 | 2 |
| 2BR | $2,666 | +$771 (+40.7%) | +$816 (+44.1%) | $2,525 – $2,675 | 4 |
| 3BR | $3,385 | +$710 (+26.5%) | +$435 (+14.7%) | $3,385 – $3,385 | 1 |
| 3BR | $2,675 | $0 (0.0%) | −$275 (-9.3%) | $2,675 – $2,950 | 25 |
| 4BR | $3,578 | +$78 (+2.2%) | +$333 (+10.3%) | $3,578 – $3,578 | 1 |
| 4BR | $3,817 | +$317 (+9.1%) | +$572 (+17.6%) | $3,817 – $3,817 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — July 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,799 | $1,800 | −$1 (-0.1%) |
| Studio | $1,799 | $1,800 | −$1 (-0.1%) |
| 1BR | $1,999 | $2,125 | −$126 (-5.9%) |
| 1BR | $1,850 | $2,125 | −$275 (-13.0%) |
| 2BR | $2,273 | $2,873 | −$601 (-20.9%) |
| 2BR | $2,666 | $2,873 | −$207 (-7.2%) |
| 3BR | $3,385 | $3,836 | −$451 (-11.8%) |
| 3BR | $2,675 | $3,836 | −$1,161 (-30.3%) |
| 4BR | $3,578 | $4,572 | −$994 (-21.7%) |
| 4BR | $3,817 | $4,572 | −$755 (-16.5%) |
Citywide figure is the median of zip-level medians across 132 Los Angeles zip codes with listings in July 2023.