Rental market snapshot for Downtown, Los Angeles
Downtown rental market summary
The rental market in Downtown, California is showing signs of growth. In July 2023, there were 470 new listings, a significant increase from the previous month. The median rent in July 2023 was $2,625, a decrease of 8.1% from the previous month and 11.0% from the same time last year. This suggests that rental prices are becoming more affordable in Downtown, California.
The decrease in rental prices could be attributed to the increased number of listings in the area. With more options available, tenants have more bargaining power and can negotiate for lower prices. This could be a sign that the rental market in Downtown, California is becoming more competitive, which could lead to further decreases in rental prices in the future.
Median rent for all residential properties in Downtown
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The most expensive listings and top trending buildings in Downtown
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
755 S Spring St | $7,620 | 3 / 3.0 |
732 S Spring St | $6,955 | 3 / 2.0 |
732 S Spring St | $6,946 | 3 / 2.0 |
755 S Spring St | $6,585 | 3 / 3.0 |
732 S Spring St | $6,550 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Daydream Apartments | $3,368 |
Capilano Properties | $3,127 |
Greystar Real Estate Partners LLC | $2,893 |
Pacific Properties Management | $2,653 |
Windsor Property Management Co. | $2,606 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, California is showing signs of growth. In July 2023, there were 60 new studio listings, representing a 2.5% increase in median rent from June 2023. The median rent for studios in July 2023 was $2,348, which is a significant increase from the median rent of $2,290 in June 2023. This indicates that the rental market for studios in Downtown, California is on the rise and is likely to continue to increase in the coming months.
The rental market for 1-bedroom apartments in Downtown, California is showing signs of growth. In July 2023, there were 83 new 1-bedroom listings, a 5.9% increase from the median rent in June 2023. The median rent for 1-bedroom apartments in July 2023 was $2,499, which is a sign that the rental market is becoming more affordable. This is good news for renters looking for a place to call home in Downtown, California.
The rental market for 2-bedroom apartments in Downtown, California is showing signs of improvement. In July 2023, there were 58 new 2-bedroom listings, which is a 6.2% increase from the previous month. The median rent for 2-bedroom apartments in July 2023 was $3,604, which is a 6.2% decrease from the median rent in June 2023. This indicates that the rental market is becoming more affordable for tenants, and that there is an increasing number of options available.