Monthly Rent Report
Downtown Rent Report — April 2024
Asking rents in ZIP 90012, Los Angeles, from 558 listings.
Median 1BR rent in Downtown was $2,616 in April 2024, up 10.7% (+$252) from March 2024 and up 4.8% year-over-year. The middle half of 1BR listings asked between $2,292 and $2,978. That puts Downtown $521 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 558 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,105 | +$66 (+3.2%) | +$57 (+2.8%) | $2,078 – $2,131 | 2 |
| Studio | $2,121 | +$82 (+4.0%) | +$74 (+3.6%) | $1,980 – $2,225 | 193 |
| 1BR | $2,616 | +$252 (+10.7%) | +$121 (+4.8%) | $2,292 – $2,978 | 288 |
| 1BR | $2,220 | −$144 (-6.1%) | −$275 (-11.0%) | $2,137 – $2,295 | 20 |
| 2BR | $2,875 | +$325 (+12.7%) | −$1,025 (-26.3%) | $2,524 – $2,974 | 8 |
| 2BR | $3,475 | +$925 (+36.3%) | −$425 (-10.9%) | $3,475 – $3,475 | 1 |
| 3BR | $4,268 | +$190 (+4.7%) | +$448 (+11.7%) | $3,500 – $4,410 | 36 |
| 3BR | $3,321 | −$757 (-18.6%) | −$499 (-13.1%) | $3,160 – $3,482 | 2 |
| 4BR | $6,995 | +$2,495 (+55.4%) | +$3,495 (+99.9%) | $6,945 – $6,995 | 4 |
| 4BR | $6,995 | +$2,495 (+55.4%) | +$3,495 (+99.9%) | $6,945 – $6,995 | 4 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — April 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,105 | $1,795 | +$310 (+17.2%) |
| Studio | $2,121 | $1,795 | +$326 (+18.2%) |
| 1BR | $2,616 | $2,095 | +$521 (+24.9%) |
| 1BR | $2,220 | $2,095 | +$125 (+5.9%) |
| 2BR | $2,875 | $2,833 | +$42 (+1.5%) |
| 2BR | $3,475 | $2,833 | +$642 (+22.7%) |
| 3BR | $4,268 | $3,950 | +$318 (+8.1%) |
| 3BR | $3,321 | $3,950 | −$629 (-15.9%) |
| 4BR | $6,995 | $4,999 | +$1,996 (+39.9%) |
| 4BR | $6,995 | $4,999 | +$1,996 (+39.9%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.