Monthly Rent Report
Downtown Rent Report — May 2024
Asking rents in ZIP 90014, Los Angeles, from 681 listings.
Median 1BR rent in Downtown was $2,763 in May 2024, up 4.8% (+$126) from April 2024 and down 8.3% year-over-year. The middle half of 1BR listings asked between $2,250 and $3,029. That puts Downtown $668 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 681 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,070 | −$30 (-1.5%) | −$430 (-17.2%) | $1,847 – $2,300 | 136 |
| Studio | $3,188 | +$1,088 (+51.8%) | +$688 (+27.5%) | $3,188 – $3,188 | 1 |
| 1BR | $2,763 | +$126 (+4.8%) | −$249 (-8.3%) | $2,250 – $3,029 | 179 |
| 1BR | $2,823 | +$186 (+7.0%) | −$190 (-6.3%) | $2,738 – $2,896 | 4 |
| 2BR | $3,883 | +$176 (+4.7%) | −$489 (-11.2%) | $3,489 – $5,020 | 157 |
| 2BR | $3,883 | +$176 (+4.7%) | −$489 (-11.2%) | $3,489 – $5,020 | 157 |
| 3BR | $6,652 | +$2,360 (+55.0%) | −$347 (-5.0%) | $6,365 – $7,612 | 45 |
| 3BR | $13,000 | +$8,708 (+202.9%) | +$6,001 (+85.7%) | $13,000 – $13,000 | 2 |
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 | $2,070 | $1,795 | +$275 (+15.3%) |
| Studio | $3,188 | $1,795 | +$1,393 (+77.6%) |
| 1BR | $2,763 | $2,095 | +$668 (+31.9%) |
| 1BR | $2,823 | $2,095 | +$728 (+34.7%) |
| 2BR | $3,883 | $2,850 | +$1,033 (+36.2%) |
| 2BR | $3,883 | $2,850 | +$1,033 (+36.2%) |
| 3BR | $6,652 | $3,969 | +$2,684 (+67.6%) |
| 3BR | $13,000 | $3,969 | +$9,032 (+227.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.