Monthly Rent Report
Downtown Rent Report — March 2024
Asking rents in ZIP 90015, Los Angeles, from 1,414 listings.
Median 1BR rent in Downtown was $2,752 in March 2024, up 9.9% (+$248) from February 2024 and up 2.1% year-over-year. The middle half of 1BR listings asked between $2,492 and $3,158. That puts Downtown $607 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 1,414 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,060 | +$122 (+6.3%) | −$23 (-1.1%) | $1,777 – $2,339 | 234 |
| Studio | $2,100 | +$162 (+8.4%) | +$17 (+0.8%) | $2,100 – $2,100 | 5 |
| 1BR | $2,752 | +$248 (+9.9%) | +$57 (+2.1%) | $2,492 – $3,158 | 609 |
| 1BR | $2,200 | −$304 (-12.1%) | −$495 (-18.4%) | $2,200 – $2,235 | 8 |
| 2BR | $3,800 | +$150 (+4.1%) | +$225 (+6.3%) | $3,800 – $3,974 | 7 |
| 2BR | $3,893 | +$243 (+6.7%) | +$318 (+8.9%) | $3,400 – $4,994 | 505 |
| 3BR | $6,161 | −$5,739 (-48.2%) | −$1,122 (-15.4%) | $6,161 – $6,161 | 1 |
| 3BR | $15,092 | +$3,192 (+26.8%) | +$7,809 (+107.2%) | $6,566 – $15,092 | 43 |
| 4BR | $9,583 | +$6,083 (+173.8%) | — | $8,998 – $10,168 | 2 |
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 | $2,100 | $1,723 | +$378 (+21.9%) |
| 1BR | $2,752 | $2,145 | +$607 (+28.3%) |
| 1BR | $2,200 | $2,145 | +$55 (+2.6%) |
| 2BR | $3,800 | $2,850 | +$950 (+33.3%) |
| 2BR | $3,893 | $2,850 | +$1,043 (+36.6%) |
| 3BR | $6,161 | $3,762 | +$2,399 (+63.8%) |
| 3BR | $15,092 | $3,762 | +$11,330 (+301.2%) |
| 4BR | $9,583 | $4,950 | +$4,633 (+93.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.