Monthly Rent Report
Downtown Rent Report — March 2024
Asking rents in ZIP 90012, Los Angeles, from 708 listings.
Median 1BR rent in Downtown was $2,602 in March 2024, up 2.4% (+$61) from February 2024 and up 3.5% year-over-year. The middle half of 1BR listings asked between $2,305 and $2,898. That puts Downtown $457 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 708 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,039 | −$68 (-3.2%) | +$44 (+2.2%) | $1,955 – $2,189 | 276 |
| Studio | $2,050 | −$57 (-2.7%) | +$55 (+2.8%) | $2,050 – $2,161 | 5 |
| 1BR | $2,602 | +$61 (+2.4%) | +$88 (+3.5%) | $2,305 – $2,898 | 342 |
| 1BR | $2,364 | −$177 (-7.0%) | −$150 (-6.0%) | $2,275 – $2,450 | 22 |
| 2BR | $2,904 | −$270 (-8.5%) | +$204 (+7.6%) | $2,733 – $3,308 | 4 |
| 2BR | $2,550 | −$624 (-19.7%) | −$150 (-5.6%) | $2,550 – $2,550 | 2 |
| 3BR | $8,945 | +$700 (+8.5%) | +$4,632 (+107.4%) | $8,945 – $8,945 | 1 |
| 3BR | $4,078 | −$4,167 (-50.5%) | −$235 (-5.4%) | $3,650 – $4,407 | 51 |
| 4BR | $4,500 | +$605 (+15.5%) | +$1,300 (+40.6%) | $4,500 – $4,725 | 3 |
| 4BR | $4,500 | +$605 (+15.5%) | +$1,300 (+40.6%) | $4,500 – $4,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — March 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,039 | $1,723 | +$317 (+18.4%) |
| Studio | $2,050 | $1,723 | +$328 (+19.0%) |
| 1BR | $2,602 | $2,145 | +$457 (+21.3%) |
| 1BR | $2,364 | $2,145 | +$219 (+10.2%) |
| 2BR | $2,904 | $2,850 | +$54 (+1.9%) |
| 2BR | $2,550 | $2,850 | −$300 (-10.5%) |
| 3BR | $8,945 | $3,762 | +$5,183 (+137.8%) |
| 3BR | $4,078 | $3,762 | +$316 (+8.4%) |
| 4BR | $4,500 | $4,950 | −$450 (-9.1%) |
| 4BR | $4,500 | $4,950 | −$450 (-9.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.