Monthly Rent Report
Downtown Rent Report — April 2024
Asking rents in ZIP 90017, Los Angeles, from 1,598 listings.
Median 1BR rent in Downtown was $2,270 in April 2024, down 19.0% (−$533) from March 2024 and down 23.8% year-over-year. The middle half of 1BR listings asked between $2,209 and $2,333. That puts Downtown $175 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 1,598 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | +$370 (+28.9%) | −$440 (-21.1%) | $1,650 – $1,650 | 1 |
| Studio | $2,273 | +$993 (+77.6%) | +$183 (+8.8%) | $1,800 – $2,856 | 453 |
| 1BR | $2,270 | −$533 (-19.0%) | −$710 (-23.8%) | $2,209 – $2,333 | 4 |
| 1BR | $2,841 | +$38 (+1.3%) | −$139 (-4.7%) | $2,372 – $3,554 | 550 |
| 2BR | $3,569 | +$684 (+23.7%) | +$884 (+32.9%) | $3,569 – $3,569 | 1 |
| 2BR | $3,736 | +$851 (+29.5%) | +$1,051 (+39.1%) | $3,159 – $4,493 | 415 |
| 3BR | $4,267 | −$1,346 (-24.0%) | −$1,018 (-19.3%) | $4,202 – $4,304 | 3 |
| 3BR | $5,471 | −$142 (-2.5%) | +$186 (+3.5%) | $4,285 – $16,000 | 145 |
| 4BR | $1,320 | −$380 (-22.4%) | — | $1,320 – $6,300 | 9 |
| 4BR | $6,300 | +$4,600 (+270.6%) | — | $6,300 – $6,300 | 5 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — April 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| Studio | $2,273 | $1,795 | +$478 (+26.6%) |
| 1BR | $2,270 | $2,095 | +$175 (+8.4%) |
| 1BR | $2,841 | $2,095 | +$746 (+35.6%) |
| 2BR | $3,569 | $2,833 | +$736 (+26.0%) |
| 2BR | $3,736 | $2,833 | +$903 (+31.9%) |
| 3BR | $4,267 | $3,950 | +$317 (+8.0%) |
| 3BR | $5,471 | $3,950 | +$1,521 (+38.5%) |
| 4BR | $1,320 | $4,999 | −$3,679 (-73.6%) |
| 4BR | $6,300 | $4,999 | +$1,301 (+26.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in April 2024.