Monthly Rent Report
South LA Rent Report — May 2024
Asking rents in ZIP 90037, Los Angeles, from 450 listings.
Median 1BR rent in South LA was $1,999 in May 2024, up 54.4% (+$704) from April 2024 and up 18.5% year-over-year. The middle half of 1BR listings asked between $1,973 and $1,999. That puts South LA $96 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 450 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,300 | −$195 (-13.0%) | −$295 (-18.5%) | $1,300 – $1,300 | 1 |
| Studio | $1,650 | +$155 (+10.4%) | +$55 (+3.4%) | $1,400 – $1,996 | 64 |
| 1BR | $1,999 | +$704 (+54.4%) | +$313 (+18.5%) | $1,973 – $1,999 | 4 |
| 1BR | $1,999 | +$704 (+54.4%) | +$313 (+18.5%) | $1,636 – $2,246 | 92 |
| 2BR | $2,995 | +$845 (+39.3%) | +$200 (+7.2%) | $2,995 – $2,995 | 1 |
| 2BR | $2,695 | +$545 (+25.3%) | −$100 (-3.6%) | $2,439 – $2,863 | 120 |
| 3BR | $3,500 | +$1,005 (+40.3%) | +$2,100 (+150.0%) | $3,100 – $3,915 | 110 |
| 3BR | $2,850 | +$355 (+14.2%) | +$1,450 (+103.6%) | $2,850 – $2,850 | 1 |
| 4BR | $3,995 | +$145 (+3.8%) | +$795 (+24.8%) | $1,500 – $4,850 | 37 |
| 4BR | $3,625 | −$225 (-5.8%) | +$425 (+13.3%) | $1,465 – $4,300 | 10 |
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 | $1,300 | $1,795 | −$495 (-27.6%) |
| Studio | $1,650 | $1,795 | −$145 (-8.1%) |
| 1BR | $1,999 | $2,095 | −$96 (-4.6%) |
| 1BR | $1,999 | $2,095 | −$96 (-4.6%) |
| 2BR | $2,995 | $2,850 | +$145 (+5.1%) |
| 2BR | $2,695 | $2,850 | −$155 (-5.4%) |
| 3BR | $3,500 | $3,969 | −$468 (-11.8%) |
| 3BR | $2,850 | $3,969 | −$1,118 (-28.2%) |
| 4BR | $3,995 | $5,175 | −$1,180 (-22.8%) |
| 4BR | $3,625 | $5,175 | −$1,550 (-30.0%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.