Monthly Rent Report
Watts Rent Report — December 2023
Asking rents in ZIP 90059, Los Angeles, from 32 listings.
Median 1BR rent in Watts was $1,600 in December 2023, down 23.6% (−$495) from November 2023. The middle half of 1BR listings asked between $1,600 and $1,600. That puts Watts $529 below the Los Angeles citywide 1BR median of $2,129. The month's figures are based on 32 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,600 | −$495 (-23.6%) | — | $1,600 – $1,600 | 1 |
| 1BR | $1,600 | −$495 (-23.6%) | — | $1,600 – $1,600 | 1 |
| 2BR | $2,900 | +$650 (+28.9%) | +$901 (+45.1%) | $2,900 – $3,000 | 12 |
| 2BR | $2,900 | +$650 (+28.9%) | +$901 (+45.1%) | $2,900 – $2,900 | 4 |
| 3BR | $3,450 | +$500 (+16.9%) | +$525 (+17.9%) | $3,450 – $3,450 | 3 |
| 3BR | $3,450 | +$500 (+16.9%) | +$525 (+17.9%) | $3,450 – $3,450 | 1 |
| 4BR | $3,600 | +$345 (+10.6%) | +$200 (+5.9%) | $3,600 – $3,600 | 3 |
| 4BR | $3,974 | +$719 (+22.1%) | +$574 (+16.9%) | $3,974 – $3,974 | 1 |
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 |
|---|---|---|---|
| 1BR | $1,600 | $2,129 | −$529 (-24.8%) |
| 1BR | $1,600 | $2,129 | −$529 (-24.8%) |
| 2BR | $2,900 | $2,795 | +$105 (+3.8%) |
| 2BR | $2,900 | $2,795 | +$105 (+3.8%) |
| 3BR | $3,450 | $3,923 | −$472 (-12.0%) |
| 3BR | $3,450 | $3,923 | −$472 (-12.0%) |
| 4BR | $3,600 | $4,750 | −$1,150 (-24.2%) |
| 4BR | $3,974 | $4,750 | −$776 (-16.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in December 2023.