Monthly Rent Report
South LA Rent Report — March 2024
Asking rents in ZIP 90007, Los Angeles, from 470 listings.
Median 1BR rent in South LA was $1,750 in March 2024, down 10.8% (−$211) from February 2024 and down 16.5% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts South LA $395 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 470 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,650 | −$275 (-14.3%) | −$50 (-2.9%) | $1,354 – $1,899 | 78 |
| Studio | $1,725 | −$200 (-10.4%) | +$25 (+1.5%) | $1,450 – $2,000 | 74 |
| 1BR | $1,750 | −$211 (-10.8%) | −$346 (-16.5%) | $1,750 – $1,750 | 2 |
| 1BR | $2,075 | +$114 (+5.8%) | −$21 (-1.0%) | $1,900 – $2,350 | 84 |
| 2BR | $2,800 | −$252 (-8.3%) | −$107 (-3.7%) | $2,650 – $3,225 | 216 |
| 2BR | $3,052 | $0 (0.0%) | +$145 (+5.0%) | $3,052 – $3,052 | 1 |
| 3BR | $1,300 | −$2,095 (-61.7%) | −$2,737 (-67.8%) | $1,300 – $1,300 | 2 |
| 3BR | $1,650 | −$1,745 (-51.4%) | −$2,387 (-59.1%) | $1,525 – $2,725 | 3 |
| 4BR | $5,300 | −$950 (-15.2%) | −$767 (-12.6%) | $3,438 – $5,500 | 3 |
| 4BR | $1,550 | −$4,700 (-75.2%) | −$4,517 (-74.5%) | $1,550 – $1,550 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — March 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,650 | $1,723 | −$72 (-4.2%) |
| Studio | $1,725 | $1,723 | +$3 (+0.1%) |
| 1BR | $1,750 | $2,145 | −$395 (-18.4%) |
| 1BR | $2,075 | $2,145 | −$70 (-3.3%) |
| 2BR | $2,800 | $2,850 | −$50 (-1.8%) |
| 2BR | $3,052 | $2,850 | +$202 (+7.1%) |
| 3BR | $1,300 | $3,762 | −$2,462 (-65.4%) |
| 3BR | $1,650 | $3,762 | −$2,112 (-56.1%) |
| 4BR | $5,300 | $4,950 | +$350 (+7.1%) |
| 4BR | $1,550 | $4,950 | −$3,400 (-68.7%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.