Monthly Rent Report
Hollywood Rent Report — August 2024
Asking rents in ZIP 90038, Los Angeles, from 26 listings.
Median 1BR rent in Hollywood was $1,750 in August 2024, down 27.3% (−$657) from July 2024 and down 48.6% year-over-year. The middle half of 1BR listings asked between $1,723 and $1,850. That puts Hollywood $345 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 26 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,195 | −$438 (-16.6%) | −$784 (-26.3%) | $1,995 – $2,195 | 5 |
| Studio | $1,450 | −$1,183 (-44.9%) | −$1,529 (-51.3%) | $1,450 – $1,450 | 1 |
| 1BR | $1,750 | −$657 (-27.3%) | −$1,657 (-48.6%) | $1,723 – $1,850 | 3 |
| 1BR | $2,300 | −$107 (-4.4%) | −$1,107 (-32.5%) | $2,300 – $2,300 | 1 |
| 2BR | $3,747 | +$120 (+3.3%) | +$1,147 (+44.1%) | $2,999 – $3,849 | 3 |
| 2BR | $2,888 | −$739 (-20.4%) | +$288 (+11.1%) | $2,888 – $2,888 | 1 |
| 3BR | $4,695 | +$800 (+20.5%) | −$2,805 (-37.4%) | $4,695 – $4,695 | 1 |
| 3BR | $4,200 | +$305 (+7.8%) | −$3,300 (-44.0%) | $4,195 – $4,205 | 2 |
| 4BR | $3,988 | −$1,042 (-20.7%) | −$3,207 (-44.6%) | $3,988 – $3,988 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Hollywood vs. Los Angeles — August 2024
| Bedrooms | Hollywood Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,195 | $1,750 | +$445 (+25.4%) |
| Studio | $1,450 | $1,750 | −$300 (-17.1%) |
| 1BR | $1,750 | $2,095 | −$345 (-16.5%) |
| 1BR | $2,300 | $2,095 | +$205 (+9.8%) |
| 2BR | $3,747 | $2,795 | +$952 (+34.1%) |
| 2BR | $2,888 | $2,795 | +$93 (+3.3%) |
| 3BR | $4,695 | $4,000 | +$695 (+17.4%) |
| 3BR | $4,200 | $4,000 | +$200 (+5.0%) |
| 4BR | $3,988 | $4,895 | −$907 (-18.5%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.