Monthly Rent Report
Downtown Rent Report — May 2024
Asking rents in ZIP 90015, Los Angeles, from 1,393 listings.
Median 1BR rent in Downtown was $2,757 in May 2024, up 25.1% (+$553) from April 2024 and up 0.3% year-over-year. The middle half of 1BR listings asked between $2,698 and $2,788. That puts Downtown $662 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,393 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,087 | −$113 (-5.1%) | +$692 (+49.6%) | $1,321 – $2,798 | 4 |
| Studio | $2,125 | −$75 (-3.4%) | +$730 (+52.3%) | $1,945 – $2,368 | 403 |
| 1BR | $2,757 | +$553 (+25.1%) | +$8 (+0.3%) | $2,698 – $2,788 | 5 |
| 1BR | $2,873 | +$669 (+30.3%) | +$124 (+4.5%) | $2,560 – $3,258 | 906 |
| 2BR | $3,801 | +$196 (+5.4%) | +$726 (+23.6%) | $3,801 – $3,801 | 1 |
| 2BR | $4,402 | +$797 (+22.1%) | +$1,327 (+43.2%) | $4,402 – $4,402 | 1 |
| 3BR | $4,588 | −$9,638 (-67.7%) | −$5,362 (-53.9%) | $4,588 – $4,588 | 1 |
| 3BR | $15,932 | +$1,706 (+12.0%) | +$5,982 (+60.1%) | $4,947 – $15,932 | 72 |
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 | $2,087 | $1,795 | +$292 (+16.3%) |
| Studio | $2,125 | $1,795 | +$330 (+18.4%) |
| 1BR | $2,757 | $2,095 | +$662 (+31.6%) |
| 1BR | $2,873 | $2,095 | +$778 (+37.1%) |
| 2BR | $3,801 | $2,850 | +$951 (+33.4%) |
| 2BR | $4,402 | $2,850 | +$1,552 (+54.5%) |
| 3BR | $4,588 | $3,969 | +$620 (+15.6%) |
| 3BR | $15,932 | $3,969 | +$11,964 (+301.5%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.