Monthly Rent Report
Downtown Rent Report — January 2024
Asking rents in ZIP 90017, Los Angeles, from 229 listings.
Median 1BR rent in Downtown was $2,465 in January 2024, down 32.5% (−$1,185) from December 2023 and down 11.6% year-over-year. The middle half of 1BR listings asked between $2,465 and $2,465. That puts Downtown $369 above the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 229 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,934 | +$551 (+39.8%) | +$339 (+21.3%) | $1,428 – $2,209 | 63 |
| Studio | $1,500 | +$117 (+8.5%) | −$95 (-6.0%) | $1,500 – $1,500 | 1 |
| 1BR | $2,465 | −$1,185 (-32.5%) | −$323 (-11.6%) | $2,465 – $2,465 | 1 |
| 1BR | $2,400 | −$1,250 (-34.2%) | −$388 (-13.9%) | $2,041 – $3,142 | 61 |
| 2BR | $3,136 | +$328 (+11.7%) | +$141 (+4.7%) | $2,762 – $3,965 | 69 |
| 2BR | $2,807 | −$1 (-0.1%) | −$188 (-6.3%) | $2,743 – $2,878 | 20 |
| 3BR | $5,286 | −$185 (-3.4%) | −$185 (-3.4%) | $3,840 – $8,283 | 12 |
| 3BR | $4,104 | −$1,367 (-25.0%) | −$1,367 (-25.0%) | $3,890 – $4,318 | 2 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — January 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,934 | $1,750 | +$184 (+10.5%) |
| Studio | $1,500 | $1,750 | −$250 (-14.3%) |
| 1BR | $2,465 | $2,097 | +$369 (+17.6%) |
| 1BR | $2,400 | $2,097 | +$304 (+14.5%) |
| 2BR | $3,136 | $2,795 | +$341 (+12.2%) |
| 2BR | $2,807 | $2,795 | +$12 (+0.4%) |
| 3BR | $5,286 | $3,950 | +$1,336 (+33.8%) |
| 3BR | $4,104 | $3,950 | +$154 (+3.9%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in January 2024.