Monthly Rent Report
South LA Rent Report — August 2024
Asking rents in ZIP 90007, Los Angeles, from 17 listings.
Median 1BR rent in South LA was $1,575 in August 2024, up 4.3% (+$65) from July 2024 and up 50.0% year-over-year. The middle half of 1BR listings asked between $1,575 and $2,188. That puts South LA $520 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 17 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,595 | +$270 (+20.4%) | −$75 (-4.5%) | $1,595 – $1,595 | 1 |
| Studio | $2,132 | +$807 (+60.9%) | +$462 (+27.6%) | $2,132 – $2,132 | 4 |
| 1BR | $1,575 | +$65 (+4.3%) | +$525 (+50.0%) | $1,575 – $2,188 | 3 |
| 1BR | $2,995 | +$1,485 (+98.3%) | +$1,945 (+185.2%) | $2,995 – $2,995 | 1 |
| 2BR | $2,200 | +$251 (+12.9%) | −$1,150 (-34.3%) | $2,200 – $2,200 | 1 |
| 2BR | $2,700 | +$751 (+38.5%) | −$650 (-19.4%) | $2,700 – $2,700 | 1 |
| 3BR | $4,300 | +$3,000 (+230.8%) | −$1,075 (-20.0%) | $4,300 – $4,300 | 1 |
| 3BR | $3,900 | +$2,600 (+200.0%) | −$1,475 (-27.4%) | $3,485 – $3,900 | 3 |
| 4BR | $3,100 | −$1,491 (-32.5%) | −$1,700 (-35.4%) | $3,100 – $3,100 | 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 | $1,595 | $1,750 | −$155 (-8.9%) |
| Studio | $2,132 | $1,750 | +$382 (+21.8%) |
| 1BR | $1,575 | $2,095 | −$520 (-24.8%) |
| 1BR | $2,995 | $2,095 | +$900 (+43.0%) |
| 2BR | $2,200 | $2,795 | −$595 (-21.3%) |
| 2BR | $2,700 | $2,795 | −$95 (-3.4%) |
| 3BR | $4,300 | $4,000 | +$300 (+7.5%) |
| 3BR | $3,900 | $4,000 | −$100 (-2.5%) |
| 4BR | $3,100 | $4,895 | −$1,795 (-36.7%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.