Monthly Rent Report
Hollywood Rent Report — March 2024
Asking rents in ZIP 90038, Los Angeles, from 414 listings.
Median 1BR rent in Hollywood was $2,045 in March 2024, down 6.8% (−$150) from February 2024 and down 46.5% year-over-year. The middle half of 1BR listings asked between $1,875 and $2,685. That puts Hollywood $100 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 414 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,309 | −$35 (-1.5%) | +$514 (+28.6%) | $2,298 – $2,702 | 5 |
| Studio | $1,795 | −$549 (-23.4%) | $0 (0.0%) | $1,604 – $2,295 | 149 |
| Studio | $1,651 | −$693 (-29.6%) | −$144 (-8.0%) | $1,651 – $1,651 | 9 |
| 1BR | $2,045 | −$150 (-6.8%) | −$1,781 (-46.5%) | $1,875 – $2,685 | 185 |
| 1BR | $1,850 | −$345 (-15.7%) | −$1,976 (-51.6%) | $1,800 – $1,850 | 5 |
| 1BR | $2,769 | +$574 (+26.2%) | −$1,057 (-27.6%) | $2,561 – $2,995 | 19 |
| 2BR | $2,882 | −$318 (-10.0%) | −$1,168 (-28.9%) | $2,722 – $3,041 | 2 |
| 2BR | $3,477 | +$277 (+8.7%) | −$573 (-14.1%) | $3,418 – $3,800 | 11 |
| 2BR | $3,475 | +$275 (+8.6%) | −$575 (-14.2%) | $3,475 – $3,475 | 2 |
| 3BR | $4,999 | +$466 (+10.3%) | −$1,996 (-28.5%) | $4,999 – $4,999 | 1 |
| 3BR | $5,500 | +$967 (+21.3%) | −$1,495 (-21.4%) | $5,500 – $5,500 | 2 |
| 3BR | $4,398 | −$135 (-3.0%) | −$2,597 (-37.1%) | $4,398 – $4,478 | 3 |
| 4BR | $6,650 | −$100 (-1.5%) | −$850 (-11.3%) | $6,407 – $17,000 | 17 |
| 4BR | $4,950 | −$1,800 (-26.7%) | −$2,550 (-34.0%) | $4,950 – $4,950 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Hollywood vs. Los Angeles — March 2024
| Bedrooms | Hollywood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,309 | $1,723 | +$587 (+34.0%) |
| Studio | $1,795 | $1,723 | +$73 (+4.2%) |
| Studio | $1,651 | $1,723 | −$71 (-4.2%) |
| 1BR | $2,045 | $2,145 | −$100 (-4.7%) |
| 1BR | $1,850 | $2,145 | −$295 (-13.8%) |
| 1BR | $2,769 | $2,145 | +$624 (+29.1%) |
| 2BR | $2,882 | $2,850 | +$32 (+1.1%) |
| 2BR | $3,477 | $2,850 | +$627 (+22.0%) |
| 2BR | $3,475 | $2,850 | +$625 (+21.9%) |
| 3BR | $4,999 | $3,762 | +$1,237 (+32.9%) |
| 3BR | $5,500 | $3,762 | +$1,738 (+46.2%) |
| 3BR | $4,398 | $3,762 | +$636 (+16.9%) |
| 4BR | $6,650 | $4,950 | +$1,700 (+34.3%) |
| 4BR | $4,950 | $4,950 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.