Monthly Rent Report
Downtown Rent Report — August 2024
Asking rents in ZIP 90015, Los Angeles, from 16 listings.
Median 1BR rent in Downtown was $2,778 in August 2024, up 12.7% (+$314) from July 2024 and down 1.2% year-over-year. The middle half of 1BR listings asked between $2,712 and $2,841. That puts Downtown $683 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 16 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,329 | −$548 (-19.0%) | −$543 (-18.9%) | $2,329 – $2,329 | 1 |
| 1BR | $2,778 | +$314 (+12.7%) | −$34 (-1.2%) | $2,712 – $2,841 | 5 |
| 1BR | $2,720 | +$256 (+10.4%) | −$92 (-3.3%) | $2,685 – $2,720 | 3 |
| 2BR | $4,067 | −$10,932 (-72.9%) | +$267 (+7.0%) | $4,067 – $4,067 | 1 |
| 3BR | $5,319 | −$10,613 (-66.6%) | +$392 (+8.0%) | $5,319 – $5,319 | 1 |
| 3BR | $7,000 | −$8,932 (-56.1%) | +$2,073 (+42.1%) | $7,000 – $7,000 | 5 |
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 | $2,329 | $1,750 | +$579 (+33.1%) |
| 1BR | $2,778 | $2,095 | +$683 (+32.6%) |
| 1BR | $2,720 | $2,095 | +$625 (+29.8%) |
| 2BR | $4,067 | $2,795 | +$1,272 (+45.5%) |
| 3BR | $5,319 | $4,000 | +$1,319 (+33.0%) |
| 3BR | $7,000 | $4,000 | +$3,000 (+75.0%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.