Monthly Rent Report
Watts Rent Report — March 2024
Asking rents in ZIP 90002, Los Angeles, from 127 listings.
Median 1BR rent in Watts was $2,250 in March 2024, down 6.1% (−$145) from February 2024 and up 40.6% year-over-year. The middle half of 1BR listings asked between $1,774 and $2,347. That puts Watts $105 above the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 127 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,550 | — | — | $1,550 – $1,550 | 1 |
| Studio | $1,550 | — | — | $1,550 – $1,550 | 1 |
| 1BR | $2,250 | −$145 (-6.1%) | +$650 (+40.6%) | $1,774 – $2,347 | 23 |
| 1BR | $1,300 | −$1,095 (-45.7%) | −$300 (-18.8%) | $1,300 – $1,300 | 1 |
| 2BR | $2,275 | −$325 (-12.5%) | +$277 (+13.9%) | $2,263 – $2,500 | 11 |
| 2BR | $1,850 | −$750 (-28.8%) | −$148 (-7.4%) | $1,850 – $1,850 | 1 |
| 3BR | $3,600 | −$300 (-7.7%) | +$475 (+15.2%) | $3,260 – $3,900 | 28 |
| 3BR | $3,650 | −$250 (-6.4%) | +$525 (+16.8%) | $3,490 – $3,900 | 43 |
| 4BR | $3,400 | −$970 (-22.2%) | −$400 (-10.5%) | $3,200 – $3,850 | 7 |
| 4BR | $3,400 | −$970 (-22.2%) | −$400 (-10.5%) | $3,200 – $4,300 | 7 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — March 2024
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,550 | $1,723 | −$172 (-10.0%) |
| Studio | $1,550 | $1,723 | −$172 (-10.0%) |
| 1BR | $2,250 | $2,145 | +$105 (+4.9%) |
| 1BR | $1,300 | $2,145 | −$845 (-39.4%) |
| 2BR | $2,275 | $2,850 | −$575 (-20.2%) |
| 2BR | $1,850 | $2,850 | −$1,000 (-35.1%) |
| 3BR | $3,600 | $3,762 | −$162 (-4.3%) |
| 3BR | $3,650 | $3,762 | −$112 (-3.0%) |
| 4BR | $3,400 | $4,950 | −$1,550 (-31.3%) |
| 4BR | $3,400 | $4,950 | −$1,550 (-31.3%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.