Monthly Rent Report
South LA Rent Report — August 2024
Asking rents in ZIP 90003, Los Angeles, from 32 listings.
Median 1BR rent in South LA was $2,000 in August 2024, down 16.9% (−$407) from July 2024 and down 4.6% year-over-year. The middle half of 1BR listings asked between $2,000 and $2,000. That puts South LA $95 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 32 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,150 | −$750 (-39.5%) | −$175 (-13.2%) | $1,150 – $1,150 | 1 |
| 1BR | $2,000 | −$407 (-16.9%) | −$96 (-4.6%) | $2,000 – $2,000 | 1 |
| 1BR | $795 | −$1,612 (-67.0%) | −$1,301 (-62.1%) | $795 – $2,250 | 12 |
| 2BR | $2,899 | +$499 (+20.8%) | −$101 (-3.4%) | $2,899 – $2,899 | 1 |
| 2BR | $1,195 | −$1,205 (-50.2%) | −$1,805 (-60.2%) | $1,195 – $1,195 | 8 |
| 3BR | $3,915 | +$515 (+15.1%) | +$515 (+15.1%) | $3,915 – $3,915 | 1 |
| 4BR | $3,600 | +$400 (+12.5%) | +$105 (+3.0%) | $3,600 – $3,600 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — August 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,150 | $1,750 | −$600 (-34.3%) |
| 1BR | $2,000 | $2,095 | −$95 (-4.5%) |
| 1BR | $795 | $2,095 | −$1,300 (-62.1%) |
| 2BR | $2,899 | $2,795 | +$104 (+3.7%) |
| 2BR | $1,195 | $2,795 | −$1,600 (-57.2%) |
| 3BR | $3,915 | $4,000 | −$85 (-2.1%) |
| 4BR | $3,600 | $4,895 | −$1,295 (-26.5%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.