Monthly Rent Report
Downtown Rent Report — May 2024
Asking rents in ZIP 90012, Los Angeles, from 1,389 listings.
Median 1BR rent in Downtown was $2,547 in May 2024, up 14.7% (+$327) from April 2024 and down 0.2% year-over-year. The middle half of 1BR listings asked between $2,386 and $2,775. That puts Downtown $452 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,389 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,107 | −$14 (-0.7%) | −$143 (-6.4%) | $1,992 – $2,238 | 297 |
| Studio | $2,800 | +$679 (+32.0%) | +$550 (+24.4%) | $2,800 – $2,800 | 1 |
| 1BR | $2,547 | +$327 (+14.7%) | −$4 (-0.2%) | $2,386 – $2,775 | 522 |
| 1BR | $2,192 | −$27 (-1.2%) | −$359 (-14.1%) | $2,009 – $2,304 | 16 |
| 2BR | $2,865 | −$9 (-0.3%) | −$666 (-18.9%) | $2,253 – $2,943 | 11 |
| 2BR | $3,200 | +$326 (+11.3%) | −$331 (-9.4%) | $2,977 – $3,505 | 471 |
| 3BR | $3,678 | −$590 (-13.8%) | −$315 (-7.9%) | $3,295 – $4,419 | 68 |
| 3BR | $3,993 | −$275 (-6.4%) | $0 (0.0%) | $3,813 – $4,033 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,107 | $1,795 | +$312 (+17.4%) |
| Studio | $2,800 | $1,795 | +$1,005 (+56.0%) |
| 1BR | $2,547 | $2,095 | +$452 (+21.6%) |
| 1BR | $2,192 | $2,095 | +$97 (+4.6%) |
| 2BR | $2,865 | $2,850 | +$15 (+0.5%) |
| 2BR | $3,200 | $2,850 | +$350 (+12.3%) |
| 3BR | $3,678 | $3,969 | −$291 (-7.3%) |
| 3BR | $3,993 | $3,969 | +$25 (+0.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.