Monthly Rent Report
Downtown Rent Report — July 2024
Asking rents in ZIP 90012, Los Angeles, from 573 listings.
Median 1BR rent in Downtown was $2,198 in July 2024, up 4.7% (+$98) from June 2024 and down 8.1% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,368. That puts Downtown $103 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 573 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,114 | −$636 (-23.1%) | +$20 (+1.0%) | $2,018 – $2,285 | 130 |
| Studio | $3,040 | +$290 (+10.5%) | +$946 (+45.2%) | $3,013 – $3,068 | 2 |
| 1BR | $2,198 | +$98 (+4.7%) | −$193 (-8.1%) | $2,150 – $2,368 | 23 |
| 1BR | $2,481 | +$381 (+18.1%) | +$90 (+3.8%) | $2,048 – $2,672 | 347 |
| 2BR | $2,935 | +$635 (+27.6%) | −$280 (-8.7%) | $2,663 – $3,084 | 11 |
| 2BR | $2,800 | +$500 (+21.7%) | −$415 (-12.9%) | $2,800 – $2,800 | 1 |
| 3BR | $3,503 | −$330 (-8.6%) | −$90 (-2.5%) | $3,438 – $3,648 | 5 |
| 3BR | $3,054 | −$779 (-20.3%) | −$539 (-15.0%) | $2,706 – $3,870 | 49 |
| 4BR | $5,995 | $0 (0.0%) | +$2,820 (+88.8%) | $5,995 – $5,995 | 1 |
| 4BR | $2,845 | −$3,150 (-52.5%) | −$330 (-10.4%) | $2,790 – $3,284 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,114 | $1,778 | +$336 (+18.9%) |
| Studio | $3,040 | $1,778 | +$1,262 (+71.0%) |
| 1BR | $2,198 | $2,095 | +$103 (+4.9%) |
| 1BR | $2,481 | $2,095 | +$386 (+18.4%) |
| 2BR | $2,935 | $2,835 | +$100 (+3.5%) |
| 2BR | $2,800 | $2,835 | −$35 (-1.2%) |
| 3BR | $3,503 | $3,900 | −$397 (-10.2%) |
| 3BR | $3,054 | $3,900 | −$846 (-21.7%) |
| 4BR | $5,995 | $5,270 | +$725 (+13.8%) |
| 4BR | $2,845 | $5,270 | −$2,425 (-46.0%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.