Monthly Rent Report
Downtown Rent Report — January 2024
Asking rents in ZIP 90012, Los Angeles, from 214 listings.
Median 1BR rent in Downtown was $2,140 in January 2024, down 43.7% (−$1,660) from December 2023 and down 18.7% year-over-year. The middle half of 1BR listings asked between $1,987 and $2,247. That puts Downtown $44 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 214 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,323 | +$91 (+4.1%) | +$164 (+7.6%) | $2,323 – $2,323 | 1 |
| Studio | $1,995 | −$237 (-10.6%) | −$164 (-7.6%) | $1,801 – $2,200 | 37 |
| 1BR | $2,140 | −$1,660 (-43.7%) | −$493 (-18.7%) | $1,987 – $2,247 | 17 |
| 1BR | $2,471 | −$1,329 (-35.0%) | −$162 (-6.2%) | $2,341 – $2,815 | 76 |
| 2BR | $2,916 | −$83 (-2.8%) | −$303 (-9.4%) | $2,650 – $3,244 | 57 |
| 2BR | $2,746 | −$253 (-8.4%) | −$473 (-14.7%) | $2,571 – $2,814 | 18 |
| 3BR | $3,832 | +$54 (+1.4%) | +$1,037 (+37.1%) | $3,458 – $4,279 | 4 |
| 3BR | $12,490 | +$8,712 (+230.6%) | +$9,695 (+346.9%) | $12,490 – $12,490 | 1 |
| 4BR | $5,295 | +$1,120 (+26.8%) | +$1,595 (+43.1%) | $5,295 – $5,295 | 1 |
| 4BR | $3,895 | −$280 (-6.7%) | +$195 (+5.3%) | $3,895 – $3,895 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — January 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,323 | $1,750 | +$573 (+32.7%) |
| Studio | $1,995 | $1,750 | +$245 (+14.0%) |
| 1BR | $2,140 | $2,097 | +$44 (+2.1%) |
| 1BR | $2,471 | $2,097 | +$374 (+17.8%) |
| 2BR | $2,916 | $2,795 | +$121 (+4.3%) |
| 2BR | $2,746 | $2,795 | −$49 (-1.8%) |
| 3BR | $3,832 | $3,950 | −$118 (-3.0%) |
| 3BR | $12,490 | $3,950 | +$8,540 (+216.2%) |
| 4BR | $5,295 | $5,200 | +$95 (+1.8%) |
| 4BR | $3,895 | $5,200 | −$1,305 (-25.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.