Monthly Rent Report
Westwood Rent Report — August 2023
Asking rents in ZIP 90024, Los Angeles, from 116 listings.
Median 1BR rent in Westwood was $2,495 in August 2023, down 12.5% (−$355) from July 2023 and down 21.4% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Westwood $395 above the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 116 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,048 | +$59 (+3.0%) | −$224 (-9.9%) | $1,898 – $2,347 | 22 |
| Studio | $2,590 | +$601 (+30.2%) | +$318 (+14.0%) | $2,590 – $2,590 | 1 |
| 1BR | $2,495 | −$355 (-12.5%) | −$681 (-21.4%) | $2,495 – $2,495 | 1 |
| 1BR | $2,750 | −$100 (-3.5%) | −$426 (-13.4%) | $2,500 – $3,095 | 65 |
| 2BR | $6,300 | +$2,150 (+51.8%) | +$3,305 (+110.4%) | $5,050 – $7,550 | 2 |
| 2BR | $3,798 | −$352 (-8.5%) | +$803 (+26.8%) | $3,546 – $4,049 | 2 |
| 3BR | $6,500 | −$926 (-12.5%) | −$300 (-4.4%) | $6,500 – $6,500 | 1 |
| 3BR | $6,386 | −$1,040 (-14.0%) | −$414 (-6.1%) | $4,449 – $8,206 | 11 |
| 4BR | $8,300 | −$575 (-6.5%) | −$690 (-7.7%) | $8,300 – $8,300 | 1 |
| 4BR | $13,500 | +$4,625 (+52.1%) | +$4,510 (+50.2%) | $13,000 – $14,900 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Westwood vs. Los Angeles — August 2023
| Bedrooms | Westwood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,048 | $1,775 | +$273 (+15.4%) |
| Studio | $2,590 | $1,775 | +$815 (+45.9%) |
| 1BR | $2,495 | $2,100 | +$395 (+18.8%) |
| 1BR | $2,750 | $2,100 | +$650 (+31.0%) |
| 2BR | $6,300 | $2,895 | +$3,405 (+117.6%) |
| 2BR | $3,798 | $2,895 | +$903 (+31.2%) |
| 3BR | $6,500 | $3,897 | +$2,603 (+66.8%) |
| 3BR | $6,386 | $3,897 | +$2,489 (+63.9%) |
| 4BR | $8,300 | $5,163 | +$3,138 (+60.8%) |
| 4BR | $13,500 | $5,163 | +$8,338 (+161.5%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in August 2023.