Monthly Rent Report
Downtown Rent Report — October 2024
Asking rents in ZIP 90012, Los Angeles, from 127 listings.
Median 1BR rent in Downtown was $2,145 in October 2024, down 20.6% (−$555) from September 2024 and up 5.8% year-over-year. The middle half of 1BR listings asked between $2,027 and $2,217. That puts Downtown $133 above the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 127 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,570 | +$133 (+5.4%) | +$575 (+28.8%) | $2,570 – $2,570 | 1 |
| Studio | $2,201 | −$236 (-9.7%) | +$206 (+10.3%) | $2,201 – $2,201 | 1 |
| 1BR | $2,145 | −$555 (-20.6%) | +$118 (+5.8%) | $2,027 – $2,217 | 12 |
| 1BR | $3,800 | +$1,100 (+40.7%) | +$1,773 (+87.5%) | $2,550 – $5,000 | 4 |
| 2BR | $2,960 | +$160 (+5.7%) | −$2,040 (-40.8%) | $2,392 – $3,084 | 10 |
| 2BR | $2,500 | −$300 (-10.7%) | −$2,500 (-50.0%) | $2,500 – $2,560 | 33 |
| 3BR | $2,906 | −$1,036 (-26.3%) | −$1,227 (-29.7%) | $2,830 – $3,695 | 54 |
| 3BR | $6,000 | +$2,058 (+52.2%) | +$1,867 (+45.2%) | $6,000 – $6,000 | 4 |
| 4BR | $5,999 | +$500 (+9.1%) | +$1,499 (+33.3%) | $2,795 – $7,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — October 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,570 | $1,700 | +$870 (+51.2%) |
| Studio | $2,201 | $1,700 | +$501 (+29.5%) |
| 1BR | $2,145 | $2,011 | +$133 (+6.6%) |
| 1BR | $3,800 | $2,011 | +$1,789 (+88.9%) |
| 2BR | $2,960 | $2,727 | +$233 (+8.5%) |
| 2BR | $2,500 | $2,727 | −$227 (-8.3%) |
| 3BR | $2,906 | $3,816 | −$910 (-23.8%) |
| 3BR | $6,000 | $3,816 | +$2,184 (+57.2%) |
| 4BR | $5,999 | $5,225 | +$774 (+14.8%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.