Monthly Rent Report
Downtown Rent Report — July 2024
Asking rents in ZIP 90017, Los Angeles, from 697 listings.
Median 1BR rent in Downtown was $2,737 in July 2024, up 20.7% (+$469) from June 2024 and down 8.9% year-over-year. The middle half of 1BR listings asked between $2,382 and $3,524. That puts Downtown $642 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 697 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,800 | +$536 (+23.7%) | +$1,250 (+80.6%) | $2,800 – $2,800 | 1 |
| Studio | $2,050 | −$214 (-9.5%) | +$500 (+32.3%) | $1,836 – $2,250 | 4 |
| 1BR | $2,737 | +$469 (+20.7%) | −$268 (-8.9%) | $2,382 – $3,524 | 294 |
| 1BR | $2,095 | −$173 (-7.6%) | −$910 (-30.3%) | $2,045 – $2,145 | 2 |
| 2BR | $3,459 | +$433 (+14.3%) | −$661 (-16.0%) | $3,109 – $5,199 | 263 |
| 2BR | $2,935 | −$91 (-3.0%) | −$1,185 (-28.8%) | $2,767 – $3,050 | 29 |
| 3BR | $16,000 | +$9,662 (+152.4%) | +$11,440 (+250.9%) | $5,938 – $16,900 | 100 |
| 3BR | $3,799 | −$2,539 (-40.1%) | −$761 (-16.7%) | $3,698 – $3,900 | 2 |
| 4BR | $1,467 | — | — | $1,467 – $1,467 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — July 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,800 | $1,778 | +$1,022 (+57.5%) |
| Studio | $2,050 | $1,778 | +$272 (+15.3%) |
| 1BR | $2,737 | $2,095 | +$642 (+30.6%) |
| 1BR | $2,095 | $2,095 | $0 (0.0%) |
| 2BR | $3,459 | $2,835 | +$624 (+22.0%) |
| 2BR | $2,935 | $2,835 | +$100 (+3.5%) |
| 3BR | $16,000 | $3,900 | +$12,100 (+310.3%) |
| 3BR | $3,799 | $3,900 | −$101 (-2.6%) |
| 4BR | $1,467 | $5,270 | −$3,803 (-72.2%) |
Citywide figure is the median of zip-level medians across 143 Los Angeles zip codes with listings in July 2024.