Monthly Rent Report
Hollywood Rent Report — May 2024
Asking rents in ZIP 90038, Los Angeles, from 732 listings.
Median 1BR rent in Hollywood was $2,037 in May 2024, down 24.0% (−$643) from April 2024 and down 37.1% year-over-year. The middle half of 1BR listings asked between $1,820 and $2,350. That puts Hollywood $59 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 732 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$20 (+1.2%) | −$1,146 (-40.3%) | $1,400 – $2,322 | 199 |
| Studio | $1,725 | +$50 (+3.0%) | −$1,116 (-39.3%) | $1,575 – $1,725 | 5 |
| Studio | $2,706 | +$1,031 (+61.6%) | −$135 (-4.8%) | $2,624 – $3,355 | 6 |
| 1BR | $2,037 | −$643 (-24.0%) | −$1,200 (-37.1%) | $1,820 – $2,350 | 6 |
| 1BR | $2,809 | +$129 (+4.8%) | −$428 (-13.2%) | $2,621 – $3,005 | 20 |
| 1BR | $2,273 | −$407 (-15.2%) | −$964 (-29.8%) | $1,895 – $2,895 | 284 |
| 2BR | $3,496 | +$247 (+7.6%) | −$714 (-17.0%) | $3,496 – $3,496 | 1 |
| 2BR | $3,613 | +$364 (+11.2%) | −$597 (-14.2%) | $3,613 – $3,731 | 7 |
| 2BR | $2,698 | −$551 (-17.0%) | −$1,513 (-35.9%) | $2,549 – $2,846 | 2 |
| 3BR | $4,576 | −$199 (-4.2%) | +$581 (+14.5%) | $4,575 – $4,693 | 3 |
| 3BR | $4,775 | $0 (0.0%) | +$780 (+19.5%) | $3,895 – $6,500 | 160 |
| 3BR | $3,000 | −$1,775 (-37.2%) | −$995 (-24.9%) | $3,000 – $3,000 | 1 |
| 4BR | $5,442 | −$12 (-0.2%) | −$2,553 (-31.9%) | $4,825 – $6,750 | 31 |
| 4BR | $4,120 | −$1,334 (-24.5%) | −$3,875 (-48.5%) | $4,120 – $4,120 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Hollywood vs. Los Angeles — May 2024
| Bedrooms | Hollywood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| Studio | $1,725 | $1,795 | −$70 (-3.9%) |
| Studio | $2,706 | $1,795 | +$911 (+50.8%) |
| 1BR | $2,037 | $2,095 | −$58 (-2.8%) |
| 1BR | $2,809 | $2,095 | +$714 (+34.1%) |
| 1BR | $2,273 | $2,095 | +$178 (+8.5%) |
| 2BR | $3,496 | $2,850 | +$646 (+22.7%) |
| 2BR | $3,613 | $2,850 | +$763 (+26.8%) |
| 2BR | $2,698 | $2,850 | −$152 (-5.4%) |
| 3BR | $4,576 | $3,969 | +$608 (+15.3%) |
| 3BR | $4,775 | $3,969 | +$807 (+20.3%) |
| 3BR | $3,000 | $3,969 | −$968 (-24.4%) |
| 4BR | $5,442 | $5,175 | +$267 (+5.2%) |
| 4BR | $4,120 | $5,175 | −$1,055 (-20.4%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.