Monthly Rent Report
Downtown Rent Report — July 2024
Asking rents in ZIP 90014, Los Angeles, from 69 listings.
Median 1BR rent in Downtown was $1,500 in July 2024, down 31.8% (−$700) from June 2024 and down 49.4% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Downtown $595 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 69 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,190 | +$56 (+2.6%) | −$175 (-7.4%) | $2,135 – $2,245 | 2 |
| Studio | $3,395 | +$1,261 (+59.1%) | +$1,030 (+43.6%) | $3,395 – $3,395 | 1 |
| 1BR | $1,500 | −$700 (-31.8%) | −$1,463 (-49.4%) | $1,500 – $1,500 | 1 |
| 1BR | $2,398 | +$198 (+9.0%) | −$565 (-19.1%) | $2,238 – $2,989 | 4 |
| 2BR | $2,797 | −$1,156 (-29.2%) | −$1,552 (-35.7%) | $2,742 – $2,914 | 3 |
| 2BR | $3,795 | −$158 (-4.0%) | −$554 (-12.7%) | $3,795 – $3,795 | 1 |
| 3BR | $6,281 | −$136 (-2.1%) | −$674 (-9.7%) | $5,229 – $6,604 | 38 |
| 3BR | $6,248 | −$169 (-2.6%) | −$707 (-10.2%) | $5,136 – $6,875 | 19 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,190 | $1,778 | +$412 (+23.2%) |
| Studio | $3,395 | $1,778 | +$1,617 (+90.9%) |
| 1BR | $1,500 | $2,095 | −$595 (-28.4%) |
| 1BR | $2,398 | $2,095 | +$303 (+14.5%) |
| 2BR | $2,797 | $2,835 | −$38 (-1.3%) |
| 2BR | $3,795 | $2,835 | +$960 (+33.9%) |
| 3BR | $6,281 | $3,900 | +$2,381 (+61.1%) |
| 3BR | $6,248 | $3,900 | +$2,348 (+60.2%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.