Monthly Rent Report
South LA Rent Report — August 2024
Asking rents in ZIP 90061, Los Angeles, from 65 listings.
Median 1BR rent in South LA was $1,975 in August 2024, up 89.9% (+$935) from July 2024 and up 23.8% year-over-year. The middle half of 1BR listings asked between $1,896 and $2,050. That puts South LA $120 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 65 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,525 | +$30 (+2.0%) | +$30 (+2.0%) | $1,525 – $1,525 | 1 |
| 1BR | $1,975 | +$935 (+89.9%) | +$380 (+23.8%) | $1,896 – $2,050 | 8 |
| 2BR | $2,450 | +$555 (+29.3%) | +$355 (+16.9%) | $2,450 – $2,450 | 1 |
| 3BR | $3,000 | $0 (0.0%) | −$231 (-7.1%) | $2,900 – $3,163 | 8 |
| 4BR | $2,945 | $0 (0.0%) | $0 (0.0%) | $2,945 – $3,400 | 43 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — August 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,525 | $1,750 | −$225 (-12.9%) |
| 1BR | $1,975 | $2,095 | −$120 (-5.7%) |
| 2BR | $2,450 | $2,795 | −$345 (-12.3%) |
| 3BR | $3,000 | $4,000 | −$1,000 (-25.0%) |
| 4BR | $2,945 | $4,895 | −$1,950 (-39.8%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.