Monthly Rent Report
Downtown Rent Report — August 2024
Asking rents in ZIP 90012, Los Angeles, from 47 listings.
Median 1BR rent in Downtown was $2,273 in August 2024, up 3.4% (+$75) from July 2024 and down 7.8% year-over-year. The middle half of 1BR listings asked between $2,196 and $2,356. That puts Downtown $178 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 47 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,050 | +$10 (+0.3%) | +$1,155 (+60.9%) | $2,600 – $3,083 | 7 |
| Studio | $1,100 | −$1,940 (-63.8%) | −$795 (-42.0%) | $1,100 – $1,100 | 2 |
| 1BR | $2,273 | +$75 (+3.4%) | −$191 (-7.8%) | $2,196 – $2,356 | 20 |
| 2BR | $2,937 | +$137 (+4.9%) | −$2,613 (-47.1%) | $2,804 – $2,965 | 8 |
| 3BR | $3,623 | +$120 (+3.4%) | +$23 (+0.6%) | $3,623 – $3,684 | 4 |
| 4BR | $5,225 | −$770 (-12.9%) | +$725 (+16.1%) | $3,284 – $5,999 | 6 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — August 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,050 | $1,750 | +$1,300 (+74.3%) |
| Studio | $1,100 | $1,750 | −$650 (-37.1%) |
| 1BR | $2,273 | $2,095 | +$178 (+8.5%) |
| 2BR | $2,937 | $2,795 | +$142 (+5.1%) |
| 3BR | $3,623 | $4,000 | −$377 (-9.4%) |
| 4BR | $5,225 | $4,895 | +$330 (+6.7%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.