Monthly Rent Report
Watts Rent Report — February 2024
Asking rents in ZIP 90002, Los Angeles, from 100 listings.
Median 1BR rent in Watts was $1,450 in February 2024, down 36.9% (−$849) from January 2024 and down 14.7% year-over-year. The middle half of 1BR listings asked between $1,450 and $1,450. That puts Watts $745 below the Los Angeles citywide 1BR median of $2,195. The month's figures are based on 100 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $1,450 | −$849 (-36.9%) | −$250 (-14.7%) | $1,450 – $1,450 | 1 |
| 1BR | $2,395 | +$96 (+4.2%) | +$695 (+40.9%) | $1,850 – $2,400 | 27 |
| 2BR | $2,600 | −$250 (-8.8%) | +$148 (+6.0%) | $2,000 – $2,851 | 19 |
| 2BR | $1,995 | −$855 (-30.0%) | −$457 (-18.6%) | $1,995 – $1,995 | 1 |
| 3BR | $3,900 | +$650 (+20.0%) | +$905 (+30.2%) | $3,650 – $3,915 | 11 |
| 3BR | $3,915 | +$665 (+20.5%) | +$920 (+30.7%) | $3,575 – $3,923 | 22 |
| 4BR | $4,420 | +$505 (+12.9%) | +$670 (+17.9%) | $4,420 – $4,420 | 2 |
| 4BR | $4,370 | +$455 (+11.6%) | +$620 (+16.5%) | $4,219 – $4,420 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — February 2024
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| 1BR | $1,450 | $2,195 | −$745 (-33.9%) |
| 1BR | $2,395 | $2,195 | +$200 (+9.1%) |
| 2BR | $2,600 | $2,850 | −$250 (-8.8%) |
| 2BR | $1,995 | $2,850 | −$855 (-30.0%) |
| 3BR | $3,900 | $3,995 | −$95 (-2.4%) |
| 3BR | $3,915 | $3,995 | −$80 (-2.0%) |
| 4BR | $4,420 | $5,000 | −$580 (-11.6%) |
| 4BR | $4,370 | $5,000 | −$630 (-12.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in February 2024.