Monthly Rent Report
South LA Rent Report — February 2024
Asking rents in ZIP 90003, Los Angeles, from 294 listings.
Median 1BR rent in South LA was $1,900 in February 2024, up 2.7% (+$50) from January 2024 and down 9.4% year-over-year. The middle half of 1BR listings asked between $1,695 and $2,100. That puts South LA $295 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 294 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,750 | +$120 (+7.3%) | +$400 (+29.6%) | $1,660 – $2,858 | 14 |
| Studio | $1,750 | +$120 (+7.3%) | +$400 (+29.6%) | $1,660 – $2,858 | 14 |
| 1BR | $1,900 | +$50 (+2.7%) | −$196 (-9.4%) | $1,695 – $2,100 | 87 |
| 1BR | $1,595 | −$255 (-13.8%) | −$501 (-23.9%) | $1,595 – $1,595 | 1 |
| 2BR | $2,783 | +$183 (+7.0%) | +$383 (+16.0%) | $2,725 – $2,842 | 2 |
| 2BR | $2,473 | −$127 (-4.9%) | +$73 (+3.0%) | $2,269 – $2,654 | 140 |
| 3BR | $3,400 | +$400 (+13.3%) | −$200 (-5.6%) | $3,400 – $3,400 | 9 |
| 3BR | $5,795 | +$2,795 (+93.2%) | +$2,195 (+61.0%) | $5,795 – $5,795 | 1 |
| 4BR | $3,650 | +$705 (+23.9%) | +$1,091 (+42.6%) | $3,500 – $3,800 | 8 |
| 4BR | $3,450 | +$505 (+17.1%) | +$891 (+34.8%) | $3,450 – $3,450 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — February 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,750 | $1,750 | $0 (0.0%) |
| Studio | $1,750 | $1,750 | $0 (0.0%) |
| 1BR | $1,900 | $2,195 | −$295 (-13.4%) |
| 1BR | $1,595 | $2,195 | −$600 (-27.3%) |
| 2BR | $2,783 | $2,850 | −$67 (-2.4%) |
| 2BR | $2,473 | $2,850 | −$377 (-13.2%) |
| 3BR | $3,400 | $3,995 | −$595 (-14.9%) |
| 3BR | $5,795 | $3,995 | +$1,800 (+45.1%) |
| 4BR | $3,650 | $5,000 | −$1,350 (-27.0%) |
| 4BR | $3,450 | $5,000 | −$1,550 (-31.0%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.