Monthly Rent Report
Downtown Rent Report — May 2024
Asking rents in ZIP 90017, Los Angeles, from 2,225 listings.
Median 1BR rent in Downtown was $1,770 in May 2024, down 22.0% (−$500) from April 2024 and down 38.7% year-over-year. The middle half of 1BR listings asked between $1,758 and $1,783. That puts Downtown $325 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 2,225 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | −$578 (-25.4%) | −$477 (-22.0%) | $1,548 – $1,920 | 7 |
| Studio | $2,199 | −$74 (-3.3%) | +$27 (+1.2%) | $1,985 – $2,652 | 618 |
| 1BR | $1,770 | −$500 (-22.0%) | −$1,117 (-38.7%) | $1,758 – $1,783 | 2 |
| 1BR | $2,677 | +$407 (+17.9%) | −$210 (-7.3%) | $2,401 – $3,563 | 801 |
| 2BR | $3,436 | −$133 (-3.7%) | +$468 (+15.7%) | $3,155 – $4,500 | 600 |
| 2BR | $2,840 | −$729 (-20.4%) | −$128 (-4.3%) | $2,518 – $3,163 | 2 |
| 3BR | $4,200 | −$67 (-1.6%) | −$1,271 (-23.2%) | $4,200 – $4,200 | 1 |
| 3BR | $5,471 | +$1,204 (+28.2%) | $0 (0.0%) | $3,808 – $16,000 | 192 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — May 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| Studio | $2,199 | $1,795 | +$404 (+22.5%) |
| 1BR | $1,770 | $2,095 | −$325 (-15.5%) |
| 1BR | $2,677 | $2,095 | +$582 (+27.8%) |
| 2BR | $3,436 | $2,850 | +$586 (+20.6%) |
| 2BR | $2,840 | $2,850 | −$10 (-0.4%) |
| 3BR | $4,200 | $3,969 | +$232 (+5.8%) |
| 3BR | $5,471 | $3,969 | +$1,503 (+37.9%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.