Monthly Rent Report
Watts Rent Report — October 2023
Asking rents in ZIP 90059, Los Angeles, from 65 listings.
Median 1BR rent in Watts was $1,600 in October 2023, down 17.9% (−$350) from September 2023 and down 8.6% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Watts $398 below the Los Angeles citywide 1BR median of $1,998. The month's figures are based on 65 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,840 | +$140 (+8.2%) | +$390 (+26.9%) | $1,840 – $1,840 | 7 |
| Studio | $1,840 | +$140 (+8.2%) | +$390 (+26.9%) | $1,735 – $1,840 | 6 |
| 1BR | $1,600 | −$350 (-17.9%) | −$150 (-8.6%) | $1,600 – $1,600 | 1 |
| 1BR | $2,000 | +$50 (+2.6%) | +$250 (+14.3%) | $2,000 – $2,000 | 4 |
| 2BR | $1,845 | −$805 (-30.4%) | −$650 (-26.1%) | $1,845 – $1,845 | 2 |
| 2BR | $2,625 | −$25 (-0.9%) | +$130 (+5.2%) | $1,958 – $2,650 | 8 |
| 3BR | $3,095 | +$145 (+4.9%) | +$120 (+4.0%) | $3,095 – $3,095 | 1 |
| 3BR | $3,095 | +$145 (+4.9%) | +$120 (+4.0%) | $2,750 – $3,385 | 15 |
| 4BR | $3,255 | $0 (0.0%) | −$323 (-9.0%) | $3,255 – $3,255 | 19 |
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 | $1,840 | $1,700 | +$140 (+8.2%) |
| Studio | $1,840 | $1,700 | +$140 (+8.2%) |
| 1BR | $1,600 | $1,998 | −$397 (-19.9%) |
| 1BR | $2,000 | $1,998 | +$3 (+0.1%) |
| 2BR | $1,845 | $2,750 | −$905 (-32.9%) |
| 2BR | $2,625 | $2,750 | −$125 (-4.5%) |
| 3BR | $3,095 | $4,195 | −$1,100 (-26.2%) |
| 3BR | $3,095 | $4,195 | −$1,100 (-26.2%) |
| 4BR | $3,255 | $5,275 | −$2,020 (-38.3%) |
Citywide figure is the median of zip-level medians across 133 Los Angeles zip codes with listings in October 2023.