Monthly Rent Report
Downtown Rent Report — September 2024
Asking rents in ZIP 90012, Los Angeles, from 70 listings.
Median 1BR rent in Downtown was $2,159 in September 2024, down 5.0% (−$114) from August 2024 and down 28.0% year-over-year. The middle half of 1BR listings asked between $2,087 and $2,231. That puts Downtown $161 above the Los Angeles citywide 1BR median of $1,999. The month's figures are based on 70 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,438 | +$1,338 (+121.6%) | +$165 (+7.3%) | $2,319 – $2,556 | 2 |
| 1BR | $2,159 | −$114 (-5.0%) | −$841 (-28.0%) | $2,087 – $2,231 | 11 |
| 1BR | $2,700 | +$427 (+18.8%) | −$300 (-10.0%) | $2,700 – $2,700 | 5 |
| 2BR | $2,865 | −$72 (-2.5%) | −$453 (-13.7%) | $2,679 – $2,950 | 4 |
| 2BR | $2,800 | −$136 (-4.6%) | −$517 (-15.6%) | $2,800 – $2,800 | 2 |
| 3BR | $3,943 | +$320 (+8.8%) | −$5,863 (-59.8%) | $3,370 – $4,700 | 38 |
| 4BR | $5,500 | +$275 (+5.3%) | — | $4,863 – $7,050 | 8 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — September 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,438 | $1,755 | +$683 (+38.9%) |
| 1BR | $2,159 | $1,999 | +$161 (+8.0%) |
| 1BR | $2,700 | $1,999 | +$702 (+35.1%) |
| 2BR | $2,865 | $2,795 | +$70 (+2.5%) |
| 2BR | $2,800 | $2,795 | +$5 (+0.2%) |
| 3BR | $3,943 | $3,850 | +$93 (+2.4%) |
| 4BR | $5,500 | $4,995 | +$505 (+10.1%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in September 2024.