Monthly Rent Report
South LA Rent Report — May 2024
Asking rents in ZIP 90061, Los Angeles, from 160 listings.
Median 1BR rent in South LA was $1,540 in May 2024, down 9.1% (−$155) from April 2024 and up 10.4% year-over-year. The middle half of 1BR listings asked between $1,333 and $1,650. That puts South LA $555 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 160 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | $0 (0.0%) | +$475 (+38.8%) | $1,495 – $3,600 | 11 |
| Studio | $1,335 | −$365 (-21.5%) | +$110 (+9.0%) | $1,335 – $1,335 | 1 |
| 1BR | $1,540 | −$155 (-9.1%) | +$145 (+10.4%) | $1,333 – $1,650 | 4 |
| 1BR | $1,650 | −$45 (-2.7%) | +$255 (+18.3%) | $1,430 – $1,800 | 17 |
| 2BR | $2,300 | +$150 (+7.0%) | +$355 (+18.3%) | $2,300 – $2,300 | 1 |
| 2BR | $2,698 | +$548 (+25.5%) | +$753 (+38.7%) | $2,550 – $3,000 | 26 |
| 3BR | $2,650 | −$500 (-15.9%) | −$150 (-5.4%) | $2,625 – $2,675 | 2 |
| 3BR | $2,998 | −$152 (-4.8%) | +$198 (+7.1%) | $2,799 – $3,163 | 24 |
| 4BR | $2,945 | $0 (0.0%) | +$1,645 (+126.5%) | $2,945 – $2,973 | 31 |
| 4BR | $2,945 | $0 (0.0%) | +$1,645 (+126.5%) | $2,945 – $2,973 | 31 |
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 | $1,700 | $1,795 | −$95 (-5.3%) |
| Studio | $1,335 | $1,795 | −$460 (-25.6%) |
| 1BR | $1,540 | $2,095 | −$555 (-26.5%) |
| 1BR | $1,650 | $2,095 | −$445 (-21.2%) |
| 2BR | $2,300 | $2,850 | −$550 (-19.3%) |
| 2BR | $2,698 | $2,850 | −$152 (-5.4%) |
| 3BR | $2,650 | $3,969 | −$1,318 (-33.2%) |
| 3BR | $2,998 | $3,969 | −$971 (-24.5%) |
| 4BR | $2,945 | $5,175 | −$2,230 (-43.1%) |
| 4BR | $2,945 | $5,175 | −$2,230 (-43.1%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.