Monthly Rent Report
South LA Rent Report — February 2024
Asking rents in ZIP 90062, Los Angeles, from 222 listings.
Median 1BR rent in South LA was $2,095 in February 2024, up 23.6% (+$400) from January 2024 and up 11.7% year-over-year. The middle half of 1BR listings asked between $1,750 and $2,350. That puts South LA $100 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 222 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,495 | −$100 (-6.3%) | $0 (0.0%) | $1,495 – $1,595 | 24 |
| Studio | $1,300 | −$295 (-18.5%) | −$195 (-13.0%) | $1,300 – $1,300 | 1 |
| 1BR | $2,095 | +$400 (+23.6%) | +$220 (+11.7%) | $1,750 – $2,350 | 46 |
| 1BR | $1,795 | +$100 (+5.9%) | −$80 (-4.3%) | $1,745 – $1,795 | 3 |
| 2BR | $2,650 | −$150 (-5.4%) | +$350 (+15.2%) | $2,495 – $3,052 | 35 |
| 2BR | $3,340 | +$540 (+19.3%) | +$1,040 (+45.2%) | $3,340 – $3,340 | 1 |
| 3BR | $2,925 | −$274 (-8.6%) | +$180 (+6.6%) | $2,745 – $3,400 | 61 |
| 3BR | $3,525 | +$326 (+10.2%) | +$780 (+28.4%) | $3,291 – $4,011 | 8 |
| 4BR | $2,940 | −$260 (-8.1%) | −$310 (-9.5%) | $2,940 – $4,025 | 20 |
| 4BR | $4,275 | +$1,075 (+33.6%) | +$1,025 (+31.5%) | $4,075 – $4,450 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
South LA vs. Los Angeles — February 2024
| Bedrooms | South LA Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,495 | $1,750 | −$254 (-14.5%) |
| Studio | $1,300 | $1,750 | −$449 (-25.7%) |
| 1BR | $2,095 | $2,195 | −$100 (-4.6%) |
| 1BR | $1,795 | $2,195 | −$400 (-18.2%) |
| 2BR | $2,650 | $2,850 | −$200 (-7.0%) |
| 2BR | $3,340 | $2,850 | +$490 (+17.2%) |
| 3BR | $2,925 | $3,995 | −$1,070 (-26.8%) |
| 3BR | $3,525 | $3,995 | −$470 (-11.8%) |
| 4BR | $2,940 | $5,000 | −$2,060 (-41.2%) |
| 4BR | $4,275 | $5,000 | −$725 (-14.5%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.