Monthly Rent Report
Downtown Rent Report — February 2024
Asking rents in ZIP 90012, Los Angeles, from 1,102 listings.
Median 1BR rent in Downtown was $2,291 in February 2024, up 7.1% (+$151) from January 2024 and down 33.9% year-over-year. The middle half of 1BR listings asked between $2,168 and $2,479. That puts Downtown $96 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 1,102 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,208 | −$115 (-5.0%) | −$18 (-0.8%) | $2,088 – $3,000 | 5 |
| Studio | $2,107 | −$216 (-9.3%) | −$119 (-5.3%) | $1,940 – $2,319 | 245 |
| 1BR | $2,291 | +$151 (+7.1%) | −$1,174 (-33.9%) | $2,168 – $2,479 | 20 |
| 1BR | $2,541 | +$401 (+18.7%) | −$924 (-26.7%) | $2,341 – $2,924 | 414 |
| 2BR | $2,710 | −$206 (-7.1%) | −$490 (-15.3%) | $2,604 – $2,811 | 17 |
| 2BR | $3,174 | +$258 (+8.8%) | −$26 (-0.8%) | $2,951 – $3,429 | 359 |
| 3BR | $4,597 | +$766 (+20.0%) | +$537 (+13.2%) | $3,529 – $5,145 | 27 |
| 3BR | $8,245 | +$4,414 (+115.2%) | +$4,185 (+103.1%) | $8,245 – $8,245 | 1 |
| 4BR | $3,895 | −$1,400 (-26.4%) | — | $3,895 – $4,585 | 7 |
| 4BR | $3,895 | −$1,400 (-26.4%) | — | $3,895 – $4,585 | 7 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — February 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,208 | $1,750 | +$459 (+26.2%) |
| Studio | $2,107 | $1,750 | +$358 (+20.4%) |
| 1BR | $2,291 | $2,195 | +$96 (+4.4%) |
| 1BR | $2,541 | $2,195 | +$346 (+15.8%) |
| 2BR | $2,710 | $2,850 | −$140 (-4.9%) |
| 2BR | $3,174 | $2,850 | +$324 (+11.4%) |
| 3BR | $4,597 | $3,995 | +$602 (+15.1%) |
| 3BR | $8,245 | $3,995 | +$4,250 (+106.4%) |
| 4BR | $3,895 | $5,000 | −$1,105 (-22.1%) |
| 4BR | $3,895 | $5,000 | −$1,105 (-22.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.