Monthly Rent Report
South LA Rent Report — February 2024
Asking rents in ZIP 90037, Los Angeles, from 427 listings.
Median 1BR rent in South LA was $1,750 in February 2024, up 9.7% (+$155) from January 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 $445 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 427 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,195 | −$937 (-43.9%) | −$400 (-25.1%) | $1,195 – $1,195 | 1 |
| Studio | $1,500 | −$632 (-29.6%) | −$95 (-6.0%) | $1,295 – $2,132 | 56 |
| 1BR | $1,750 | +$155 (+9.7%) | −$346 (-16.5%) | $1,750 – $1,750 | 1 |
| 1BR | $1,800 | +$205 (+12.9%) | −$296 (-14.1%) | $1,695 – $1,999 | 145 |
| 2BR | $2,574 | −$108 (-4.0%) | +$174 (+7.2%) | $2,574 – $2,574 | 1 |
| 2BR | $2,600 | −$82 (-3.1%) | +$200 (+8.3%) | $2,399 – $2,999 | 100 |
| 3BR | $3,550 | −$350 (-9.0%) | +$850 (+31.5%) | $3,475 – $3,625 | 2 |
| 3BR | $3,400 | −$500 (-12.8%) | +$700 (+25.9%) | $2,800 – $3,995 | 77 |
| 4BR | $3,300 | −$1,772 (-34.9%) | +$100 (+3.1%) | $2,950 – $3,650 | 2 |
| 4BR | $5,553 | +$480 (+9.5%) | +$2,353 (+73.5%) | $3,945 – $5,890 | 32 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — February 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,195 | $1,750 | −$554 (-31.7%) |
| Studio | $1,500 | $1,750 | −$249 (-14.3%) |
| 1BR | $1,750 | $2,195 | −$445 (-20.3%) |
| 1BR | $1,800 | $2,195 | −$395 (-18.0%) |
| 2BR | $2,574 | $2,850 | −$276 (-9.7%) |
| 2BR | $2,600 | $2,850 | −$250 (-8.8%) |
| 3BR | $3,550 | $3,995 | −$445 (-11.1%) |
| 3BR | $3,400 | $3,995 | −$595 (-14.9%) |
| 4BR | $3,300 | $5,000 | −$1,700 (-34.0%) |
| 4BR | $5,553 | $5,000 | +$553 (+11.1%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.