Monthly Rent Report
Downtown Rent Report — August 2024
Asking rents in ZIP 90014, Los Angeles, from 304 listings.
Median 1BR rent in Downtown was $2,150 in August 2024, up 43.3% (+$650) from July 2024 and up 2.4% year-over-year. The middle half of 1BR listings asked between $2,125 and $2,150. That puts Downtown $55 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 304 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | −$95 (-2.8%) | +$1,175 (+55.3%) | $3,300 – $3,300 | 1 |
| Studio | $2,323 | −$1,072 (-31.6%) | +$198 (+9.3%) | $2,209 – $2,436 | 2 |
| 1BR | $2,150 | +$650 (+43.3%) | +$50 (+2.4%) | $2,125 – $2,150 | 3 |
| 1BR | $4,500 | +$3,000 (+200.0%) | +$2,400 (+114.3%) | $4,500 – $4,500 | 2 |
| 2BR | $3,975 | +$180 (+4.7%) | −$56 (-1.4%) | $3,418 – $4,512 | 216 |
| 3BR | $6,314 | +$33 (+0.5%) | −$1,452 (-18.7%) | $4,546 – $6,638 | 78 |
| 4BR | $3,500 | — | — | $3,500 – $3,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — August 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $1,750 | +$1,550 (+88.6%) |
| Studio | $2,323 | $1,750 | +$573 (+32.7%) |
| 1BR | $2,150 | $2,095 | +$55 (+2.6%) |
| 1BR | $4,500 | $2,095 | +$2,405 (+114.8%) |
| 2BR | $3,975 | $2,795 | +$1,180 (+42.2%) |
| 3BR | $6,314 | $4,000 | +$2,314 (+57.9%) |
| 4BR | $3,500 | $4,895 | −$1,395 (-28.5%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.