Monthly Rent Report
Downtown Rent Report — October 2024
Asking rents in ZIP 90017, Los Angeles, from 37 listings.
Median 1BR rent in Downtown was $1,700 in October 2024, down 22.6% (−$495) from September 2024 and down 46.5% year-over-year. The middle half of 1BR listings asked between $1,648 and $2,023. That puts Downtown $311 below the Los Angeles citywide 1BR median of $2,011. The month's figures are based on 37 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,600 | +$390 (+32.2%) | +$312 (+24.2%) | $1,200 – $2,132 | 20 |
| Studio | $1,645 | +$435 (+36.0%) | +$357 (+27.7%) | $1,620 – $1,670 | 2 |
| 1BR | $1,700 | −$495 (-22.6%) | −$1,475 (-46.5%) | $1,648 – $2,023 | 3 |
| 1BR | $1,500 | −$695 (-31.7%) | −$1,675 (-52.8%) | $1,500 – $1,500 | 6 |
| 2BR | $3,850 | +$1,700 (+79.1%) | −$1,150 (-23.0%) | $3,800 – $3,900 | 2 |
| 2BR | $3,175 | +$1,025 (+47.7%) | −$1,825 (-36.5%) | $3,175 – $3,175 | 1 |
| 3BR | $3,722 | −$184 (-4.7%) | +$361 (+10.7%) | $3,722 – $3,722 | 1 |
| 4BR | $1,320 | −$1,730 (-56.7%) | — | $1,320 – $1,320 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Downtown vs. Los Angeles — October 2024
| Bedrooms | Downtown Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,600 | $1,700 | −$100 (-5.9%) |
| Studio | $1,645 | $1,700 | −$55 (-3.2%) |
| 1BR | $1,700 | $2,011 | −$311 (-15.5%) |
| 1BR | $1,500 | $2,011 | −$511 (-25.4%) |
| 2BR | $3,850 | $2,727 | +$1,123 (+41.2%) |
| 2BR | $3,175 | $2,727 | +$448 (+16.4%) |
| 3BR | $3,722 | $3,816 | −$94 (-2.5%) |
| 4BR | $1,320 | $5,225 | −$3,905 (-74.7%) |
Citywide figure is the median of zip-level medians across 142 Los Angeles zip codes with listings in October 2024.