Monthly Rent Report
Downtown Rent Report — March 2024
Asking rents in ZIP 90014, Los Angeles, from 589 listings.
Median 1BR rent in Downtown was $2,250 in March 2024, down 12.3% (−$315) from February 2024 and down 22.0% year-over-year. The middle half of 1BR listings asked between $2,250 and $2,250. That puts Downtown $105 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 589 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,060 | −$747 (-26.6%) | −$296 (-12.6%) | $1,897 – $2,600 | 76 |
| Studio | $2,000 | −$807 (-28.8%) | −$356 (-15.1%) | $1,844 – $2,489 | 120 |
| 1BR | $2,250 | −$315 (-12.3%) | −$636 (-22.0%) | $2,250 – $2,250 | 1 |
| 1BR | $2,550 | −$15 (-0.6%) | −$336 (-11.6%) | $2,256 – $2,881 | 162 |
| 2BR | $3,538 | +$23 (+0.7%) | −$672 (-16.0%) | $2,800 – $4,433 | 124 |
| 2BR | $3,340 | −$175 (-5.0%) | −$870 (-20.7%) | $2,785 – $4,389 | 61 |
| 3BR | $6,928 | +$2,283 (+49.1%) | +$680 (+10.9%) | $4,292 – $8,380 | 30 |
| 3BR | $6,247 | +$1,602 (+34.5%) | −$1 (-0.0%) | $3,703 – $11,052 | 15 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — March 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,060 | $1,723 | +$338 (+19.6%) |
| Studio | $2,000 | $1,723 | +$278 (+16.1%) |
| 1BR | $2,250 | $2,145 | +$105 (+4.9%) |
| 1BR | $2,550 | $2,145 | +$405 (+18.9%) |
| 2BR | $3,538 | $2,850 | +$688 (+24.1%) |
| 2BR | $3,340 | $2,850 | +$490 (+17.2%) |
| 3BR | $6,928 | $3,762 | +$3,166 (+84.2%) |
| 3BR | $6,247 | $3,762 | +$2,485 (+66.1%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.