Monthly Rent Report
Florence Rent Report — May 2024
Asking rents in ZIP 90001, Los Angeles, from 104 listings.
Median 1BR rent in Florence was $2,100 in May 2024, up 12.0% (+$225) from April 2024 and up 10.8% year-over-year. The middle half of 1BR listings asked between $1,825 and $2,375. That puts Florence in line with the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 104 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,598 | −$977 (-37.9%) | −$2 (-0.1%) | $1,295 – $1,637 | 10 |
| Studio | $1,650 | −$925 (-35.9%) | +$50 (+3.1%) | $1,350 – $1,750 | 3 |
| 1BR | $2,100 | +$225 (+12.0%) | +$205 (+10.8%) | $1,825 – $2,375 | 34 |
| 1BR | $1,600 | −$275 (-14.7%) | −$295 (-15.6%) | $1,600 – $1,600 | 1 |
| 2BR | $2,700 | +$600 (+28.6%) | +$100 (+3.8%) | $2,500 – $3,052 | 25 |
| 2BR | $2,500 | +$400 (+19.0%) | −$100 (-3.8%) | $2,500 – $2,500 | 1 |
| 3BR | $3,200 | +$700 (+28.0%) | +$600 (+23.1%) | $3,200 – $3,200 | 2 |
| 3BR | $3,200 | +$700 (+28.0%) | +$600 (+23.1%) | $3,099 – $3,450 | 16 |
| 4BR | $3,900 | +$96 (+2.5%) | +$96 (+2.5%) | $3,888 – $3,900 | 4 |
| 4BR | $3,850 | +$46 (+1.2%) | +$46 (+1.2%) | $3,850 – $3,850 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Florence vs. Los Angeles — May 2024
| Bedrooms | Florence Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,598 | $1,795 | −$197 (-11.0%) |
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| 1BR | $2,100 | $2,095 | +$5 (+0.2%) |
| 1BR | $1,600 | $2,095 | −$495 (-23.6%) |
| 2BR | $2,700 | $2,850 | −$150 (-5.3%) |
| 2BR | $2,500 | $2,850 | −$350 (-12.3%) |
| 3BR | $3,200 | $3,969 | −$768 (-19.4%) |
| 3BR | $3,200 | $3,969 | −$768 (-19.4%) |
| 4BR | $3,900 | $5,175 | −$1,275 (-24.6%) |
| 4BR | $3,850 | $5,175 | −$1,325 (-25.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.