Rental market snapshot for Chinatown, Los Angeles

Chinatown rental market summary

The rental market in Chinatown, California is showing signs of growth. In July of 2023, there were 108 new listings, a significant increase from the previous month. The median rent in July of 2023 was $2,452, a slight decrease of 1.0% from the previous month, but a 3.4% increase from the same time last year. This indicates that the rental market in Chinatown is becoming more competitive, with more people looking for rental properties and landlords offering more competitive prices.

Overall, the rental market in Chinatown is showing signs of growth, with more listings and competitive prices. This is good news for renters, as they have more options to choose from and can find more affordable rental properties. For landlords, this is an opportunity to increase their profits by offering competitive prices and attracting more tenants. With the rental market in Chinatown continuing to grow, it is likely that the rental market will remain strong in the coming months.

Median rent for all residential properties in Chinatown

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The most expensive listings and top trending buildings in Chinatown

Most Expensive Listings

AddressRent PriceBed / Bath
676 S Avenue 21$6,9505 / 3.0
244 Avenue 18$3,9004 / 3.0
900 N Broadway$3,4632 / 2.0
900 N Broadway$3,4182 / 2.0
900 N Broadway$3,3862 / 2.0

Top Trending Buildings

building nameavg rent price
Greystar*$2,643
Mill Creek Residential Trust (new)$2,281

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Bedroom Breakdown in Chinatown

Studio
$1,914
MEDIAN RENT
1 Bedroom
$2,334
MEDIAN RENT
2 Bedroom
$3,026
MEDIAN RENT

Chinatown neighborhood apartments rents

The rental market for studios in Chinatown, California is showing signs of improvement. In July 2023, there were 10 new studio listings, which is a positive sign for the market. The median rent for studios in July 2023 was $1,914, which is a 5.5% decrease from the median rent in June 2023 of $2,025. This suggests that the rental market is becoming more affordable for tenants, which could lead to an increase in demand for studio apartments in the area.

The rental market for 1-bedroom apartments in Chinatown, California is showing signs of growth. In July 2023, there were 13 new 1-bedroom listings, which is a 7.5% increase from the previous month. The median rent for 1-bedroom apartments in July 2023 was $2,334, which is a 7.5% decrease from the median rent in June 2023. This indicates that the rental market is becoming more competitive, with more options available for renters.

The rental market for 2-bedroom apartments in Chinatown, California is showing a slight increase in July 2023. With 13 new listings, the median rent for 2-bedroom apartments has increased by .9% from June 2023 to July 2023, bringing the median rent to $3,026. This indicates that the rental market is slowly improving, but it is still relatively affordable for renters.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Chinatown is $2,452.
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