Monthly Rent Report
Downtown Rent Report — March 2024
Asking rents in ZIP 90017, Los Angeles, from 1,121 listings.
Median 1BR rent in Downtown was $2,803 in March 2024, up 2.4% (+$65) from February 2024 and down 5.9% year-over-year. The middle half of 1BR listings asked between $2,409 and $3,325. That puts Downtown $658 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 1,121 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,280 | −$170 (-11.7%) | +$30 (+2.4%) | $1,215 – $1,280 | 5 |
| Studio | $1,365 | −$85 (-5.9%) | +$115 (+9.2%) | $1,322 – $1,407 | 2 |
| 1BR | $2,803 | +$65 (+2.4%) | −$177 (-5.9%) | $2,409 – $3,325 | 567 |
| 1BR | $1,795 | −$943 (-34.5%) | −$1,185 (-39.8%) | $1,795 – $1,795 | 1 |
| 2BR | $2,885 | −$1,108 (-27.7%) | −$110 (-3.7%) | $2,840 – $2,930 | 2 |
| 2BR | $3,560 | −$433 (-10.8%) | +$565 (+18.9%) | $3,124 – $4,444 | 406 |
| 3BR | $3,695 | −$1,756 (-32.2%) | −$1,405 (-27.5%) | $3,695 – $3,695 | 1 |
| 3BR | $5,613 | +$162 (+3.0%) | +$513 (+10.1%) | $4,014 – $16,069 | 135 |
| 4BR | $1,700 | — | +$50 (+3.0%) | $1,700 – $1,700 | 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 | $1,280 | $1,723 | −$442 (-25.7%) |
| Studio | $1,365 | $1,723 | −$358 (-20.8%) |
| 1BR | $2,803 | $2,145 | +$658 (+30.7%) |
| 1BR | $1,795 | $2,145 | −$350 (-16.3%) |
| 2BR | $2,885 | $2,850 | +$35 (+1.2%) |
| 2BR | $3,560 | $2,850 | +$710 (+24.9%) |
| 3BR | $3,695 | $3,762 | −$67 (-1.8%) |
| 3BR | $5,613 | $3,762 | +$1,851 (+49.2%) |
| 4BR | $1,700 | $4,950 | −$3,250 (-65.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.