Monthly Rent Report
South LA Rent Report — August 2024
Asking rents in ZIP 90062, Los Angeles, from 21 listings.
Median 1BR rent in South LA was $2,500 in August 2024, up 32.6% (+$615) from July 2024 and up 37.9% year-over-year. The middle half of 1BR listings asked between $2,500 and $2,500. That puts South LA $405 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 21 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,345 | −$787 (-36.9%) | −$50 (-3.6%) | $1,345 – $1,345 | 1 |
| Studio | $1,345 | −$787 (-36.9%) | −$50 (-3.6%) | $1,345 – $1,345 | 1 |
| 1BR | $2,500 | +$615 (+32.6%) | +$688 (+37.9%) | $2,500 – $2,500 | 2 |
| 1BR | $1,800 | −$85 (-4.5%) | −$12 (-0.7%) | $1,800 – $1,800 | 1 |
| 2BR | $3,085 | +$585 (+23.4%) | +$785 (+34.1%) | $3,085 – $3,085 | 1 |
| 3BR | $3,750 | +$525 (+16.3%) | +$786 (+26.5%) | $3,700 – $3,800 | 8 |
| 4BR | $1,500 | −$2,100 (-58.3%) | −$2,625 (-63.6%) | $1,500 – $1,500 | 1 |
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 | $1,345 | $1,750 | −$405 (-23.1%) |
| Studio | $1,345 | $1,750 | −$405 (-23.1%) |
| 1BR | $2,500 | $2,095 | +$405 (+19.3%) |
| 1BR | $1,800 | $2,095 | −$295 (-14.1%) |
| 2BR | $3,085 | $2,795 | +$290 (+10.4%) |
| 3BR | $3,750 | $4,000 | −$250 (-6.3%) |
| 4BR | $1,500 | $4,895 | −$3,395 (-69.4%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.