Monthly Rent Report
South LA Rent Report — March 2024
Asking rents in ZIP 90061, Los Angeles, from 72 listings.
Median 1BR rent in South LA was $1,750 in March 2024, down 27.1% (−$650) from February 2024 and up 9.7% year-over-year. The middle half of 1BR listings asked between $1,688 and $2,023. That puts South LA $395 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 72 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | +$205 (+13.7%) | +$475 (+38.8%) | $1,700 – $1,700 | 1 |
| Studio | $1,700 | +$205 (+13.7%) | +$475 (+38.8%) | $1,471 – $1,700 | 10 |
| 1BR | $1,750 | −$650 (-27.1%) | +$155 (+9.7%) | $1,688 – $2,023 | 7 |
| 1BR | $1,050 | −$1,350 (-56.3%) | −$545 (-34.2%) | $1,050 – $1,050 | 1 |
| 2BR | $2,300 | −$125 (-5.2%) | +$150 (+7.0%) | $2,300 – $2,300 | 1 |
| 2BR | $2,200 | −$225 (-9.3%) | +$50 (+2.3%) | $2,000 – $2,450 | 7 |
| 3BR | $2,800 | −$431 (-13.3%) | −$431 (-13.3%) | $2,800 – $2,800 | 1 |
| 3BR | $3,075 | −$156 (-4.8%) | −$156 (-4.8%) | $2,900 – $3,800 | 12 |
| 4BR | $3,400 | $0 (0.0%) | +$455 (+15.4%) | $3,400 – $3,400 | 2 |
| 4BR | $2,945 | −$455 (-13.4%) | $0 (0.0%) | $2,945 – $3,133 | 26 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — March 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,723 | −$22 (-1.3%) |
| Studio | $1,700 | $1,723 | −$22 (-1.3%) |
| 1BR | $1,750 | $2,145 | −$395 (-18.4%) |
| 1BR | $1,050 | $2,145 | −$1,095 (-51.0%) |
| 2BR | $2,300 | $2,850 | −$550 (-19.3%) |
| 2BR | $2,200 | $2,850 | −$650 (-22.8%) |
| 3BR | $2,800 | $3,762 | −$962 (-25.6%) |
| 3BR | $3,075 | $3,762 | −$687 (-18.3%) |
| 4BR | $3,400 | $4,950 | −$1,550 (-31.3%) |
| 4BR | $2,945 | $4,950 | −$2,005 (-40.5%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.