Monthly Rent Report
Downtown Rent Report — June 2024
Asking rents in ZIP 90012, Los Angeles, from 501 listings.
Median 1BR rent in Downtown was $2,100 in June 2024, down 4.2% (−$92) from May 2024 and down 13.5% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,100. That puts Downtown in line with the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 501 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,750 | +$643 (+30.5%) | +$585 (+27.0%) | $2,750 – $2,750 | 1 |
| Studio | $2,097 | −$10 (-0.5%) | −$68 (-3.1%) | $2,012 – $2,327 | 362 |
| 1BR | $2,100 | −$92 (-4.2%) | −$328 (-13.5%) | $2,100 – $2,100 | 4 |
| 1BR | $2,234 | +$42 (+1.9%) | −$194 (-8.0%) | $2,167 – $2,280 | 23 |
| 2BR | $2,300 | −$900 (-28.1%) | −$2,875 (-55.6%) | $2,300 – $2,300 | 4 |
| 2BR | $2,858 | −$342 (-10.7%) | −$2,317 (-44.8%) | $2,740 – $3,051 | 13 |
| 3BR | $3,653 | −$340 (-8.5%) | −$273 (-7.0%) | $3,433 – $3,763 | 5 |
| 3BR | $3,833 | −$160 (-4.0%) | −$93 (-2.4%) | $3,300 – $4,226 | 83 |
| 4BR | $5,995 | — | +$2,370 (+65.4%) | $5,995 – $5,995 | 1 |
| 4BR | $6,950 | — | +$3,325 (+91.7%) | $6,795 – $6,950 | 5 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — June 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,750 | $1,759 | +$991 (+56.4%) |
| Studio | $2,097 | $1,759 | +$338 (+19.2%) |
| 1BR | $2,100 | $2,100 | $0 (0.0%) |
| 1BR | $2,234 | $2,100 | +$134 (+6.4%) |
| 2BR | $2,300 | $2,885 | −$585 (-20.3%) |
| 2BR | $2,858 | $2,885 | −$27 (-0.9%) |
| 3BR | $3,653 | $3,900 | −$247 (-6.3%) |
| 3BR | $3,833 | $3,900 | −$67 (-1.7%) |
| 4BR | $5,995 | $5,000 | +$995 (+19.9%) |
| 4BR | $6,950 | $5,000 | +$1,950 (+39.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.