Monthly Rent Report
South LA Rent Report — May 2023
Asking rents in ZIP 90061, Los Angeles, from 52 listings.
Median 1BR rent in South LA was $1,395 in May 2023, down 26.4% (−$500) from April 2023 and down 20.9% year-over-year. The middle half of 1BR listings asked between $1,395 and $1,395. That puts South LA $727 below the Los Angeles citywide 1BR median of $2,122. The month's figures are based on 52 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,225 | −$135 (-9.9%) | −$200 (-14.0%) | $1,225 – $1,293 | 4 |
| Studio | $1,495 | +$135 (+9.9%) | +$70 (+4.9%) | $1,495 – $1,495 | 1 |
| 1BR | $1,395 | −$500 (-26.4%) | −$369 (-20.9%) | $1,395 – $1,395 | 1 |
| 1BR | $1,750 | −$145 (-7.7%) | −$14 (-0.8%) | $1,595 – $1,850 | 7 |
| 2BR | $1,945 | −$152 (-7.3%) | −$355 (-15.4%) | $1,824 – $2,095 | 14 |
| 2BR | $1,950 | −$147 (-7.0%) | −$350 (-15.2%) | $1,950 – $1,950 | 1 |
| 3BR | $3,195 | +$595 (+22.9%) | −$65 (-2.0%) | $2,775 – $3,266 | 7 |
| 3BR | $2,800 | +$200 (+7.7%) | −$460 (-14.1%) | $2,800 – $2,800 | 1 |
| 4BR | $2,945 | $0 (0.0%) | −$55 (-1.8%) | $2,945 – $2,945 | 15 |
| 4BR | $1,300 | −$1,645 (-55.9%) | −$1,700 (-56.7%) | $1,300 – $1,300 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — May 2023
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,225 | $1,750 | −$525 (-30.0%) |
| Studio | $1,495 | $1,750 | −$255 (-14.6%) |
| 1BR | $1,395 | $2,122 | −$727 (-34.3%) |
| 1BR | $1,750 | $2,122 | −$372 (-17.5%) |
| 2BR | $1,945 | $2,780 | −$835 (-30.0%) |
| 2BR | $1,950 | $2,780 | −$830 (-29.9%) |
| 3BR | $3,195 | $3,943 | −$747 (-19.0%) |
| 3BR | $2,800 | $3,943 | −$1,142 (-29.0%) |
| 4BR | $2,945 | $5,000 | −$2,055 (-41.1%) |
| 4BR | $1,300 | $5,000 | −$3,700 (-74.0%) |
Citywide figure is the median of zip-level medians across 129 Los Angeles zip codes with listings in May 2023.