Monthly Rent Report
ZIP 91016 Rent Report — February 2024
Asking rents in ZIP 91016, Los Angeles, from 342 listings.
Median 1BR rent in ZIP 91016 was $2,354 in February 2024, down 8.5% (−$219) from January 2024 and down 8.4% year-over-year. The middle half of 1BR listings asked between $1,948 and $2,742. That puts ZIP 91016 $159 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 342 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | −$894 (-33.8%) | −$145 (-7.7%) | $1,695 – $2,668 | 31 |
| 1BR | $2,354 | −$219 (-8.5%) | −$215 (-8.4%) | $1,948 – $2,742 | 119 |
| 2BR | $2,600 | +$5 (+0.2%) | +$53 (+2.1%) | $2,495 – $3,276 | 137 |
| 3BR | $3,595 | +$195 (+5.7%) | +$395 (+12.3%) | $3,200 – $4,000 | 47 |
| 4BR | $3,500 | −$150 (-4.1%) | +$150 (+4.5%) | $3,500 – $4,500 | 7 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
ZIP 91016 vs. Los Angeles — February 2024
| Bedrooms | ZIP 91016 Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,750 | +$1 (+0.0%) |
| 1BR | $2,354 | $2,195 | +$159 (+7.2%) |
| 2BR | $2,600 | $2,850 | −$250 (-8.8%) |
| 3BR | $3,595 | $3,995 | −$400 (-10.0%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.