Monthly Rent Report
Downtown Rent Report — February 2024
Asking rents in ZIP 90015, Los Angeles, from 810 listings.
Median 1BR rent in Downtown was $4,236 in February 2024, up 57.5% (+$1,546) from January 2024 and up 55.4% year-over-year. The middle half of 1BR listings asked between $4,236 and $4,236. That puts Downtown $2,041 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 810 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,938 | −$21 (-1.1%) | −$152 (-7.3%) | $1,734 – $2,325 | 280 |
| Studio | $1,395 | −$564 (-28.8%) | −$695 (-33.3%) | $1,395 – $1,395 | 1 |
| 1BR | $4,236 | +$1,546 (+57.5%) | +$1,511 (+55.4%) | $4,236 – $4,236 | 1 |
| 1BR | $2,504 | −$186 (-6.9%) | −$221 (-8.1%) | $2,419 – $2,596 | 7 |
| 2BR | $3,792 | −$339 (-8.2%) | −$303 (-7.4%) | $3,792 – $3,792 | 1 |
| 2BR | $3,650 | −$481 (-11.6%) | −$445 (-10.9%) | $3,143 – $4,502 | 451 |
| 3BR | $11,900 | +$7,326 (+160.2%) | +$9,400 (+376.0%) | $4,822 – $15,439 | 35 |
| 3BR | $11,900 | +$7,326 (+160.2%) | +$9,400 (+376.0%) | $6,139 – $15,284 | 32 |
| 4BR | $3,500 | $0 (0.0%) | — | $3,500 – $3,500 | 1 |
| 4BR | $3,500 | $0 (0.0%) | — | $3,500 – $3,500 | 1 |
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 | $1,938 | $1,750 | +$189 (+10.8%) |
| Studio | $1,395 | $1,750 | −$354 (-20.3%) |
| 1BR | $4,236 | $2,195 | +$2,041 (+93.0%) |
| 1BR | $2,504 | $2,195 | +$309 (+14.1%) |
| 2BR | $3,792 | $2,850 | +$942 (+33.1%) |
| 2BR | $3,650 | $2,850 | +$800 (+28.1%) |
| 3BR | $11,900 | $3,995 | +$7,905 (+197.9%) |
| 3BR | $11,900 | $3,995 | +$7,905 (+197.9%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
| 4BR | $3,500 | $5,000 | −$1,500 (-30.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.