Monthly Rent Report
Hollywood Rent Report — February 2024
Asking rents in ZIP 90038, Los Angeles, from 1,021 listings.
Median 1BR rent in Hollywood was $3,052 in February 2024, up 9.0% (+$253) from January 2024 and up 42.3% year-over-year. The middle half of 1BR listings asked between $2,639 and $3,092. That puts Hollywood $857 above the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 1,021 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,295 | −$1,427 (-52.4%) | −$312 (-19.4%) | $1,295 – $1,295 | 1 |
| Studio | $2,344 | −$378 (-13.9%) | +$737 (+45.9%) | $2,329 – $2,689 | 6 |
| Studio | $1,749 | −$973 (-35.8%) | +$142 (+8.8%) | $1,522 – $1,900 | 193 |
| 1BR | $3,052 | +$253 (+9.0%) | +$907 (+42.3%) | $2,639 – $3,092 | 12 |
| 1BR | $2,250 | −$549 (-19.6%) | +$105 (+4.9%) | $2,250 – $2,250 | 1 |
| 1BR | $2,195 | −$604 (-21.6%) | +$50 (+2.3%) | $1,875 – $2,790 | 253 |
| 2BR | $3,594 | +$1,319 (+58.0%) | +$394 (+12.3%) | $3,523 – $3,820 | 10 |
| 2BR | $3,200 | +$925 (+40.7%) | $0 (0.0%) | $2,600 – $4,000 | 303 |
| 2BR | $2,150 | −$125 (-5.5%) | −$1,050 (-32.8%) | $2,150 – $2,150 | 1 |
| 3BR | $4,598 | −$702 (-13.3%) | −$402 (-8.1%) | $3,995 – $6,999 | 198 |
| 3BR | $3,800 | −$1,500 (-28.3%) | −$1,200 (-24.0%) | $3,800 – $3,800 | 1 |
| 3BR | $4,533 | −$767 (-14.5%) | −$467 (-9.3%) | $4,533 – $4,533 | 2 |
| 4BR | $5,989 | +$2,389 (+66.4%) | −$2,006 (-25.1%) | $5,989 – $6,407 | 5 |
| 4BR | $6,750 | +$3,150 (+87.5%) | −$1,245 (-15.6%) | $5,989 – $7,000 | 29 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Hollywood vs. Los Angeles — February 2024
| Bedrooms | Hollywood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,295 | $1,750 | −$454 (-26.0%) |
| Studio | $2,344 | $1,750 | +$595 (+34.0%) |
| Studio | $1,749 | $1,750 | $0 (-0.0%) |
| 1BR | $3,052 | $2,195 | +$857 (+39.0%) |
| 1BR | $2,250 | $2,195 | +$55 (+2.5%) |
| 1BR | $2,195 | $2,195 | $0 (0.0%) |
| 2BR | $3,594 | $2,850 | +$744 (+26.1%) |
| 2BR | $3,200 | $2,850 | +$350 (+12.3%) |
| 2BR | $2,150 | $2,850 | −$700 (-24.6%) |
| 3BR | $4,598 | $3,995 | +$603 (+15.1%) |
| 3BR | $3,800 | $3,995 | −$195 (-4.9%) |
| 3BR | $4,533 | $3,995 | +$538 (+13.5%) |
| 4BR | $5,989 | $5,000 | +$989 (+19.8%) |
| 4BR | $6,750 | $5,000 | +$1,750 (+35.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.