Monthly Rent Report
Downtown Rent Report — June 2024
Asking rents in ZIP 90017, Los Angeles, from 1,031 listings.
Median 1BR rent in Downtown was $1,610 in June 2024, down 39.9% (−$1,067) from May 2024 and down 23.5% year-over-year. The middle half of 1BR listings asked between $1,600 and $1,620. That puts Downtown $490 below the Los Angeles citywide 1BR median of $2,100. The month's figures are based on 1,031 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,264 | +$569 (+33.6%) | +$276 (+13.9%) | $1,916 – $2,807 | 717 |
| Studio | $1,932 | +$237 (+14.0%) | −$57 (-2.9%) | $1,691 – $2,172 | 2 |
| 1BR | $1,610 | −$1,067 (-39.9%) | −$495 (-23.5%) | $1,600 – $1,620 | 4 |
| 1BR | $2,269 | −$408 (-15.3%) | +$164 (+7.8%) | $1,888 – $2,647 | 4 |
| 2BR | $3,026 | −$410 (-11.9%) | −$924 (-23.4%) | $2,848 – $3,205 | 2 |
| 2BR | $5,000 | +$1,564 (+45.5%) | +$1,050 (+26.6%) | $5,000 – $5,000 | 1 |
| 3BR | $3,500 | −$700 (-16.7%) | −$1,786 (-33.8%) | $3,500 – $3,500 | 1 |
| 3BR | $6,338 | +$2,138 (+50.9%) | +$1,052 (+19.9%) | $3,927 – $16,000 | 292 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — June 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,264 | $1,759 | +$505 (+28.7%) |
| Studio | $1,932 | $1,759 | +$173 (+9.8%) |
| 1BR | $1,610 | $2,100 | −$490 (-23.3%) |
| 1BR | $2,269 | $2,100 | +$169 (+8.0%) |
| 2BR | $3,026 | $2,885 | +$141 (+4.9%) |
| 2BR | $5,000 | $2,885 | +$2,115 (+73.3%) |
| 3BR | $3,500 | $3,900 | −$400 (-10.3%) |
| 3BR | $6,338 | $3,900 | +$2,438 (+62.5%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in June 2024.