Monthly Rent Report
Downtown Rent Report — February 2024
Asking rents in ZIP 90014, Los Angeles, from 555 listings.
Median 1BR rent in Downtown was $2,565 in February 2024, up 7.1% (+$171) from January 2024 and down 53.3% year-over-year. The middle half of 1BR listings asked between $2,300 and $2,985. That puts Downtown $370 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 555 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,075 | −$651 (-23.9%) | −$382 (-15.5%) | $1,849 – $2,347 | 154 |
| Studio | $2,807 | +$81 (+3.0%) | +$350 (+14.3%) | $2,796 – $2,818 | 2 |
| 1BR | $2,565 | +$171 (+7.1%) | −$2,930 (-53.3%) | $2,300 – $2,985 | 208 |
| 1BR | $2,950 | +$556 (+23.2%) | −$2,545 (-46.3%) | $2,950 – $2,950 | 1 |
| 2BR | $3,515 | −$3,985 (-53.1%) | −$673 (-16.1%) | $2,800 – $4,274 | 126 |
| 2BR | $4,500 | −$3,000 (-40.0%) | +$312 (+7.4%) | $4,500 – $4,500 | 1 |
| 3BR | $4,999 | +$1,970 (+65.0%) | −$1,414 (-22.0%) | $3,625 – $6,193 | 29 |
| 3BR | $4,646 | +$1,617 (+53.4%) | −$1,767 (-27.6%) | $3,625 – $5,899 | 34 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — February 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,075 | $1,750 | +$326 (+18.6%) |
| Studio | $2,807 | $1,750 | +$1,058 (+60.5%) |
| 1BR | $2,565 | $2,195 | +$370 (+16.9%) |
| 1BR | $2,950 | $2,195 | +$755 (+34.4%) |
| 2BR | $3,515 | $2,850 | +$665 (+23.3%) |
| 2BR | $4,500 | $2,850 | +$1,650 (+57.9%) |
| 3BR | $4,999 | $3,995 | +$1,004 (+25.1%) |
| 3BR | $4,646 | $3,995 | +$651 (+16.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.