Monthly Rent Report
South LA Rent Report — May 2024
Asking rents in ZIP 90003, Los Angeles, from 248 listings.
Median 1BR rent in South LA was $2,200 in May 2024, down 12.0% (−$300) from April 2024 and up 22.6% year-over-year. The middle half of 1BR listings asked between $1,923 and $2,300. That puts South LA $105 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 248 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | +$550 (+44.0%) | −$200 (-10.0%) | $1,599 – $1,900 | 13 |
| Studio | $1,250 | $0 (0.0%) | −$750 (-37.5%) | $1,250 – $1,250 | 1 |
| 1BR | $2,200 | −$300 (-12.0%) | +$405 (+22.6%) | $1,923 – $2,300 | 66 |
| 1BR | $1,800 | −$700 (-28.0%) | +$5 (+0.3%) | $1,800 – $1,800 | 1 |
| 2BR | $2,522 | +$672 (+36.3%) | +$329 (+15.0%) | $2,293 – $2,800 | 116 |
| 2BR | $2,666 | +$816 (+44.1%) | +$473 (+21.6%) | $2,666 – $2,666 | 1 |
| 3BR | $3,465 | −$35 (-1.0%) | +$503 (+17.0%) | $3,465 – $3,465 | 1 |
| 3BR | $3,599 | +$99 (+2.8%) | +$637 (+21.5%) | $3,599 – $3,599 | 4 |
| 4BR | $4,200 | +$400 (+10.5%) | +$1,205 (+40.2%) | $4,200 – $4,200 | 1 |
| 4BR | $3,900 | +$100 (+2.6%) | +$905 (+30.2%) | $3,500 – $4,000 | 22 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — May 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $1,795 | +$5 (+0.3%) |
| Studio | $1,250 | $1,795 | −$545 (-30.4%) |
| 1BR | $2,200 | $2,095 | +$105 (+5.0%) |
| 1BR | $1,800 | $2,095 | −$295 (-14.1%) |
| 2BR | $2,522 | $2,850 | −$328 (-11.5%) |
| 2BR | $2,666 | $2,850 | −$184 (-6.5%) |
| 3BR | $3,465 | $3,969 | −$503 (-12.7%) |
| 3BR | $3,599 | $3,969 | −$369 (-9.3%) |
| 4BR | $4,200 | $5,175 | −$975 (-18.8%) |
| 4BR | $3,900 | $5,175 | −$1,275 (-24.6%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.