Monthly Rent Report
Watts Rent Report — August 2023
Asking rents in ZIP 90059, Los Angeles, from 30 listings.
Median 1BR rent in Watts was $1,895 in August 2023, down 5.2% (−$104) from July 2023. The middle half of 1BR listings asked between $1,846 and $1,921. That puts Watts $205 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 30 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,895 | −$104 (-5.2%) | — | $1,846 – $1,921 | 4 |
| 1BR | $1,895 | −$104 (-5.2%) | — | $1,700 – $1,895 | 5 |
| 2BR | $1,845 | −$427 (-18.8%) | −$105 (-5.4%) | $1,845 – $1,845 | 1 |
| 2BR | $1,845 | −$427 (-18.8%) | −$105 (-5.4%) | $1,845 – $1,845 | 3 |
| 3BR | $2,813 | +$138 (+5.1%) | −$37 (-1.3%) | $2,638 – $2,950 | 10 |
| 3BR | $3,295 | +$620 (+23.2%) | +$445 (+15.6%) | $3,295 – $3,295 | 1 |
| 4BR | $3,255 | −$562 (-14.7%) | +$10 (+0.3%) | $3,255 – $3,255 | 1 |
| 4BR | $3,817 | $0 (0.0%) | +$572 (+17.6%) | $3,742 – $3,817 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — August 2023
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,895 | $2,100 | −$205 (-9.8%) |
| 1BR | $1,895 | $2,100 | −$205 (-9.8%) |
| 2BR | $1,845 | $2,895 | −$1,050 (-36.3%) |
| 2BR | $1,845 | $2,895 | −$1,050 (-36.3%) |
| 3BR | $2,813 | $3,897 | −$1,085 (-27.8%) |
| 3BR | $3,295 | $3,897 | −$602 (-15.5%) |
| 4BR | $3,255 | $5,163 | −$1,907 (-36.9%) |
| 4BR | $3,817 | $5,163 | −$1,345 (-26.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.