Monthly Rent Report
Downtown Rent Report — May 2024
Asking rents in ZIP 90013, Los Angeles, from 881 listings.
Median 1BR rent in Downtown was $2,703 in May 2024, up 25.7% (+$553) from April 2024 and up 17.5% year-over-year. The middle half of 1BR listings asked between $2,426 and $3,138. That puts Downtown $608 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 881 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,949 | −$326 (-14.3%) | −$289 (-12.9%) | $1,949 – $1,949 | 1 |
| Studio | $2,204 | −$71 (-3.1%) | −$34 (-1.5%) | $2,014 – $2,496 | 230 |
| 1BR | $2,703 | +$553 (+25.7%) | +$403 (+17.5%) | $2,426 – $3,138 | 436 |
| 1BR | $2,575 | +$425 (+19.8%) | +$275 (+12.0%) | $2,450 – $2,600 | 7 |
| 2BR | $3,500 | +$925 (+35.9%) | −$3,300 (-48.5%) | $2,924 – $4,254 | 161 |
| 2BR | $3,900 | +$1,325 (+51.5%) | −$2,900 (-42.6%) | $3,600 – $4,200 | 2 |
| 3BR | $5,515 | −$241 (-4.2%) | −$1,285 (-18.9%) | $5,164 – $6,800 | 32 |
| 3BR | $5,808 | +$52 (+0.9%) | −$992 (-14.6%) | $5,602 – $6,565 | 6 |
| 4BR | $3,270 | — | — | $3,270 – $3,270 | 3 |
| 4BR | $3,270 | — | — | $3,270 – $3,270 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,949 | $1,795 | +$154 (+8.6%) |
| Studio | $2,204 | $1,795 | +$409 (+22.8%) |
| 1BR | $2,703 | $2,095 | +$608 (+29.0%) |
| 1BR | $2,575 | $2,095 | +$480 (+22.9%) |
| 2BR | $3,500 | $2,850 | +$650 (+22.8%) |
| 2BR | $3,900 | $2,850 | +$1,050 (+36.8%) |
| 3BR | $5,515 | $3,969 | +$1,547 (+39.0%) |
| 3BR | $5,808 | $3,969 | +$1,840 (+46.4%) |
| 4BR | $3,270 | $5,175 | −$1,905 (-36.8%) |
| 4BR | $3,270 | $5,175 | −$1,905 (-36.8%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.