Monthly Rent Report
Pasadena Rent Report — May 2024
Asking rents in ZIP 91106, Los Angeles, from 355 listings.
Median 1BR rent in Pasadena was $2,445 in May 2024, up 3.4% (+$80) from April 2024 and up 4.0% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,856. That puts Pasadena $350 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 355 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,354 | +$859 (+57.5%) | +$704 (+42.7%) | $2,050 – $2,393 | 39 |
| Studio | $1,695 | +$200 (+13.4%) | +$45 (+2.7%) | $1,695 – $1,695 | 1 |
| 1BR | $2,445 | +$80 (+3.4%) | +$95 (+4.0%) | $2,200 – $2,856 | 146 |
| 1BR | $1,845 | −$520 (-22.0%) | −$505 (-21.5%) | $1,845 – $1,845 | 1 |
| 2BR | $2,950 | +$655 (+28.5%) | −$50 (-1.7%) | $2,842 – $3,295 | 160 |
| 2BR | $2,844 | +$549 (+23.9%) | −$156 (-5.2%) | $2,844 – $2,844 | 1 |
| 3BR | $2,300 | −$2,150 (-48.3%) | −$1,500 (-39.5%) | $2,300 – $2,300 | 3 |
| 3BR | $3,550 | −$900 (-20.2%) | −$250 (-6.6%) | $3,550 – $3,550 | 2 |
| 4BR | $6,500 | +$1,700 (+35.4%) | — | $6,500 – $6,500 | 1 |
| 4BR | $6,500 | +$1,700 (+35.4%) | — | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Pasadena vs. Los Angeles — May 2024
| Bedrooms | Pasadena Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,354 | $1,795 | +$559 (+31.1%) |
| Studio | $1,695 | $1,795 | −$100 (-5.6%) |
| 1BR | $2,445 | $2,095 | +$350 (+16.7%) |
| 1BR | $1,845 | $2,095 | −$250 (-11.9%) |
| 2BR | $2,950 | $2,850 | +$100 (+3.5%) |
| 2BR | $2,844 | $2,850 | −$6 (-0.2%) |
| 3BR | $2,300 | $3,969 | −$1,668 (-42.0%) |
| 3BR | $3,550 | $3,969 | −$418 (-10.5%) |
| 4BR | $6,500 | $5,175 | +$1,325 (+25.6%) |
| 4BR | $6,500 | $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.