Monthly Rent Report
Downtown Rent Report — February 2024
Asking rents in ZIP 90017, Los Angeles, from 1,471 listings.
Median 1BR rent in Downtown was $2,739 in February 2024, up 11.1% (+$274) from January 2024 and down 3.0% year-over-year. The middle half of 1BR listings asked between $2,310 and $3,142. That puts Downtown $544 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 1,471 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,450 | −$50 (-3.3%) | −$707 (-32.8%) | $1,425 – $1,495 | 5 |
| Studio | $2,000 | +$500 (+33.3%) | −$157 (-7.3%) | $1,575 – $2,309 | 388 |
| 1BR | $2,739 | +$274 (+11.1%) | −$84 (-3.0%) | $2,310 – $3,142 | 566 |
| 1BR | $2,382 | −$83 (-3.4%) | −$440 (-15.6%) | $2,355 – $2,387 | 3 |
| 2BR | $2,763 | −$44 (-1.6%) | −$205 (-6.9%) | $2,656 – $2,814 | 18 |
| 2BR | $3,993 | +$1,187 (+42.3%) | +$1,025 (+34.5%) | $3,092 – $4,525 | 382 |
| 3BR | $5,452 | +$166 (+3.1%) | +$352 (+6.9%) | $3,845 – $16,069 | 104 |
| 3BR | $3,585 | −$1,700 (-32.2%) | −$1,515 (-29.7%) | $3,561 – $3,665 | 5 |
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 | $1,450 | $1,750 | −$299 (-17.1%) |
| Studio | $2,000 | $1,750 | +$251 (+14.3%) |
| 1BR | $2,739 | $2,195 | +$544 (+24.8%) |
| 1BR | $2,382 | $2,195 | +$187 (+8.5%) |
| 2BR | $2,763 | $2,850 | −$87 (-3.1%) |
| 2BR | $3,993 | $2,850 | +$1,143 (+40.1%) |
| 3BR | $5,452 | $3,995 | +$1,457 (+36.5%) |
| 3BR | $3,585 | $3,995 | −$410 (-10.3%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.