Monthly Rent Report
South LA Rent Report — May 2024
Asking rents in ZIP 90062, Los Angeles, from 287 listings.
Median 1BR rent in South LA was $1,875 in May 2024, up 8.9% (+$153) from April 2024 and up 9.5% year-over-year. The middle half of 1BR listings asked between $1,875 and $1,875. That puts South LA $220 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 287 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,695 | +$200 (+13.4%) | +$115 (+7.3%) | $1,695 – $1,695 | 1 |
| Studio | $1,495 | $0 (0.0%) | −$85 (-5.4%) | $1,495 – $1,495 | 22 |
| 1BR | $1,875 | +$153 (+8.9%) | +$163 (+9.5%) | $1,875 – $1,875 | 1 |
| 1BR | $2,100 | +$378 (+21.9%) | +$388 (+22.6%) | $1,718 – $2,300 | 57 |
| 2BR | $2,849 | −$246 (-7.9%) | +$474 (+20.0%) | $2,650 – $3,052 | 41 |
| 2BR | $2,850 | −$245 (-7.9%) | +$475 (+20.0%) | $2,850 – $2,850 | 1 |
| 3BR | $2,795 | −$305 (-9.8%) | −$130 (-4.4%) | $2,795 – $2,795 | 1 |
| 3BR | $2,925 | −$175 (-5.6%) | $0 (0.0%) | $2,745 – $3,838 | 118 |
| 4BR | $3,815 | +$320 (+9.2%) | +$565 (+17.4%) | $3,815 – $3,815 | 1 |
| 4BR | $2,940 | −$555 (-15.9%) | −$310 (-9.5%) | $2,940 – $3,748 | 27 |
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 | $1,695 | $1,795 | −$100 (-5.6%) |
| Studio | $1,495 | $1,795 | −$300 (-16.7%) |
| 1BR | $1,875 | $2,095 | −$220 (-10.5%) |
| 1BR | $2,100 | $2,095 | +$5 (+0.2%) |
| 2BR | $2,849 | $2,850 | −$1 (-0.0%) |
| 2BR | $2,850 | $2,850 | $0 (0.0%) |
| 3BR | $2,795 | $3,969 | −$1,173 (-29.6%) |
| 3BR | $2,925 | $3,969 | −$1,043 (-26.3%) |
| 4BR | $3,815 | $5,175 | −$1,360 (-26.3%) |
| 4BR | $2,940 | $5,175 | −$2,235 (-43.2%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.