Monthly Rent Report
Watts Rent Report — May 2024
Asking rents in ZIP 90059, Los Angeles, from 155 listings.
Median 1BR rent in Watts was $1,595 in May 2024, down 33.5% (−$805) from April 2024 and down 6.2% year-over-year. The middle half of 1BR listings asked between $1,595 and $1,595. That puts Watts $500 below the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 155 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,795 | −$105 (-5.5%) | — | $1,795 – $1,795 | 2 |
| Studio | $1,795 | −$105 (-5.5%) | — | $1,795 – $1,795 | 2 |
| 1BR | $1,595 | −$805 (-33.5%) | −$105 (-6.2%) | $1,595 – $1,595 | 1 |
| 1BR | $1,800 | −$600 (-25.0%) | +$100 (+5.9%) | $1,698 – $2,275 | 7 |
| 2BR | $2,650 | +$251 (+10.5%) | +$353 (+15.3%) | $2,300 – $2,900 | 25 |
| 2BR | $2,900 | +$501 (+20.9%) | +$603 (+26.2%) | $2,900 – $2,900 | 2 |
| 3BR | $3,800 | −$100 (-2.6%) | +$850 (+28.8%) | $3,800 – $3,800 | 1 |
| 3BR | $2,950 | −$950 (-24.4%) | $0 (0.0%) | $2,675 – $3,225 | 72 |
| 4BR | $3,255 | $0 (0.0%) | −$545 (-14.3%) | $3,255 – $3,700 | 33 |
| 4BR | $3,700 | +$445 (+13.7%) | −$100 (-2.6%) | $3,700 – $3,700 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — May 2024
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| Studio | $1,795 | $1,795 | $0 (0.0%) |
| 1BR | $1,595 | $2,095 | −$500 (-23.9%) |
| 1BR | $1,800 | $2,095 | −$295 (-14.1%) |
| 2BR | $2,650 | $2,850 | −$200 (-7.0%) |
| 2BR | $2,900 | $2,850 | +$50 (+1.8%) |
| 3BR | $3,800 | $3,969 | −$168 (-4.2%) |
| 3BR | $2,950 | $3,969 | −$1,018 (-25.7%) |
| 4BR | $3,255 | $5,175 | −$1,920 (-37.1%) |
| 4BR | $3,700 | $5,175 | −$1,475 (-28.5%) |
Citywide figure is the median of zip-level medians across 144 Los Angeles zip codes with listings in May 2024.