Monthly Rent Report
South LA Rent Report — March 2024
Asking rents in ZIP 90062, Los Angeles, from 172 listings.
Median 1BR rent in South LA was $1,895 in March 2024, up 5.6% (+$100) from February 2024 and down 0.1% year-over-year. The middle half of 1BR listings asked between $1,895 and $1,895. That puts South LA $250 below the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 172 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$395 (+30.4%) | +$200 (+13.4%) | $1,695 – $1,695 | 1 |
| Studio | $1,345 | +$45 (+3.5%) | −$150 (-10.0%) | $1,345 – $1,345 | 1 |
| 1BR | $1,895 | +$100 (+5.6%) | −$1 (-0.1%) | $1,895 – $1,895 | 2 |
| 1BR | $2,200 | +$405 (+22.6%) | +$304 (+16.0%) | $1,700 – $2,407 | 29 |
| 2BR | $2,700 | +$50 (+1.9%) | +$500 (+22.7%) | $2,600 – $3,150 | 24 |
| 2BR | $3,240 | +$590 (+22.3%) | +$1,040 (+47.3%) | $3,240 – $3,240 | 1 |
| 3BR | $2,999 | +$74 (+2.5%) | −$101 (-3.3%) | $2,745 – $3,800 | 65 |
| 3BR | $1,015 | −$1,910 (-65.3%) | −$2,085 (-67.3%) | $1,015 – $1,015 | 2 |
| 4BR | $2,940 | −$1,335 (-31.2%) | −$310 (-9.5%) | $2,940 – $4,100 | 16 |
| 4BR | $2,940 | −$1,335 (-31.2%) | −$310 (-9.5%) | $2,940 – $4,000 | 25 |
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 | $1,695 | $1,723 | −$27 (-1.6%) |
| Studio | $1,345 | $1,723 | −$377 (-21.9%) |
| 1BR | $1,895 | $2,145 | −$250 (-11.7%) |
| 1BR | $2,200 | $2,145 | +$55 (+2.6%) |
| 2BR | $2,700 | $2,850 | −$150 (-5.3%) |
| 2BR | $3,240 | $2,850 | +$390 (+13.7%) |
| 3BR | $2,999 | $3,762 | −$763 (-20.3%) |
| 3BR | $1,015 | $3,762 | −$2,747 (-73.0%) |
| 4BR | $2,940 | $4,950 | −$2,010 (-40.6%) |
| 4BR | $2,940 | $4,950 | −$2,010 (-40.6%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.