Monthly Rent Report
Watts Rent Report — March 2024
Asking rents in ZIP 90059, Los Angeles, from 205 listings.
Median 1BR rent in Watts was $2,150 in March 2024, up 2.6% (+$55) from February 2024 and up 43.3% year-over-year. The middle half of 1BR listings asked between $2,150 and $2,150. That puts Watts in line with the Los Angeles citywide 1BR median of $2,145. The month's figures are based on 205 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,645 | +$295 (+21.9%) | — | $1,473 – $1,818 | 2 |
| Studio | $1,300 | −$50 (-3.7%) | — | $1,300 – $1,300 | 1 |
| 1BR | $2,150 | +$55 (+2.6%) | +$650 (+43.3%) | $2,150 – $2,150 | 1 |
| 1BR | $2,151 | +$56 (+2.7%) | +$651 (+43.4%) | $1,895 – $2,407 | 6 |
| 2BR | $2,300 | −$350 (-13.2%) | +$455 (+24.7%) | $2,125 – $3,052 | 23 |
| 2BR | $2,650 | $0 (0.0%) | +$805 (+43.6%) | $2,650 – $2,650 | 1 |
| 3BR | $3,200 | +$200 (+6.7%) | +$525 (+19.6%) | $2,950 – $3,738 | 54 |
| 3BR | $2,950 | −$50 (-1.7%) | +$275 (+10.3%) | $2,800 – $3,300 | 79 |
| 4BR | $3,255 | $0 (0.0%) | −$545 (-14.3%) | $3,255 – $3,700 | 15 |
| 4BR | $3,255 | $0 (0.0%) | −$545 (-14.3%) | $3,255 – $3,255 | 21 |
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 | $1,645 | $1,723 | −$77 (-4.5%) |
| Studio | $1,300 | $1,723 | −$422 (-24.5%) |
| 1BR | $2,150 | $2,145 | +$5 (+0.2%) |
| 1BR | $2,151 | $2,145 | +$6 (+0.3%) |
| 2BR | $2,300 | $2,850 | −$550 (-19.3%) |
| 2BR | $2,650 | $2,850 | −$200 (-7.0%) |
| 3BR | $3,200 | $3,762 | −$562 (-14.9%) |
| 3BR | $2,950 | $3,762 | −$812 (-21.6%) |
| 4BR | $3,255 | $4,950 | −$1,695 (-34.2%) |
| 4BR | $3,255 | $4,950 | −$1,695 (-34.2%) |
Citywide figure is the median of zip-level medians across 134 Los Angeles zip codes with listings in March 2024.