Monthly Rent Report
South LA Rent Report — May 2024
Asking rents in ZIP 90007, Los Angeles, from 731 listings.
Median 1BR rent in South LA was $1,750 in May 2024, down 27.3% (−$657) from April 2024 and down 26.0% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts South LA $345 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 731 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,395 | −$305 (-17.9%) | −$492 (-26.1%) | $1,395 – $1,395 | 1 |
| Studio | $1,890 | +$190 (+11.2%) | +$3 (+0.1%) | $1,890 – $3,114 | 6 |
| 1BR | $1,750 | −$657 (-27.3%) | −$615 (-26.0%) | $1,750 – $1,750 | 1 |
| 1BR | $1,150 | −$1,257 (-52.2%) | −$1,215 (-51.4%) | $1,150 – $1,150 | 2 |
| 2BR | $2,800 | +$450 (+19.1%) | +$600 (+27.3%) | $2,584 – $3,292 | 232 |
| 2BR | $3,295 | +$945 (+40.2%) | +$1,095 (+49.8%) | $3,295 – $3,295 | 1 |
| 3BR | $4,395 | −$105 (-2.3%) | −$240 (-5.2%) | $4,345 – $4,445 | 2 |
| 3BR | $4,295 | −$205 (-4.6%) | −$340 (-7.3%) | $3,750 – $4,814 | 242 |
| 4BR | $5,600 | −$450 (-7.4%) | +$800 (+16.7%) | $4,560 – $6,200 | 88 |
| 4BR | $3,300 | −$2,750 (-45.5%) | −$1,500 (-31.3%) | $3,300 – $3,300 | 1 |
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 | $1,395 | $1,795 | −$400 (-22.3%) |
| Studio | $1,890 | $1,795 | +$95 (+5.3%) |
| 1BR | $1,750 | $2,095 | −$345 (-16.5%) |
| 1BR | $1,150 | $2,095 | −$945 (-45.1%) |
| 2BR | $2,800 | $2,850 | −$50 (-1.8%) |
| 2BR | $3,295 | $2,850 | +$445 (+15.6%) |
| 3BR | $4,395 | $3,969 | +$427 (+10.7%) |
| 3BR | $4,295 | $3,969 | +$327 (+8.2%) |
| 4BR | $5,600 | $5,175 | +$425 (+8.2%) |
| 4BR | $3,300 | $5,175 | −$1,875 (-36.2%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.