Monthly Rent Report
Downtown Rent Report — August 2024
Asking rents in ZIP 90017, Los Angeles, from 17 listings.
Median 1BR rent in Downtown was $2,370 in August 2024, up 13.1% (+$275) from July 2024 and down 21.3% year-over-year. The middle half of 1BR listings asked between $2,182 and $2,557. That puts Downtown $275 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 17 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$255 (-12.4%) | +$445 (+33.0%) | $1,795 – $1,795 | 1 |
| Studio | $1,299 | −$751 (-36.6%) | −$51 (-3.8%) | $1,299 – $1,299 | 9 |
| 1BR | $2,370 | +$275 (+13.1%) | −$641 (-21.3%) | $2,182 – $2,557 | 2 |
| 1BR | $4,200 | +$2,105 (+100.5%) | +$1,189 (+39.5%) | $4,200 – $4,200 | 1 |
| 2BR | $2,150 | −$1,309 (-37.8%) | −$2,052 (-48.8%) | $2,150 – $2,150 | 1 |
| 3BR | $3,430 | −$369 (-9.7%) | −$72 (-2.1%) | $3,430 – $3,430 | 1 |
| 4BR | $1,467 | $0 (0.0%) | — | $1,467 – $1,467 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — August 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,750 | +$45 (+2.6%) |
| Studio | $1,299 | $1,750 | −$451 (-25.8%) |
| 1BR | $2,370 | $2,095 | +$275 (+13.1%) |
| 1BR | $4,200 | $2,095 | +$2,105 (+100.5%) |
| 2BR | $2,150 | $2,795 | −$645 (-23.1%) |
| 3BR | $3,430 | $4,000 | −$570 (-14.2%) |
| 4BR | $1,467 | $4,895 | −$3,428 (-70.0%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.