Monthly Rent Report
Watts Rent Report — August 2024
Asking rents in ZIP 90059, Los Angeles, from 61 listings.
Median 1BR rent in Watts was $2,410 in August 2024, up 60.7% (+$910) from July 2024 and up 27.2% year-over-year. The middle half of 1BR listings asked between $2,203 and $2,618. That puts Watts $315 above the Los Angeles citywide 1BR median of $2,095. The month's figures are based on 61 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,698 | −$434 (-20.4%) | — | $1,649 – $1,746 | 2 |
| 1BR | $2,410 | +$910 (+60.7%) | +$515 (+27.2%) | $2,203 – $2,618 | 2 |
| 2BR | $2,850 | +$422 (+17.4%) | +$1,005 (+54.5%) | $2,790 – $3,052 | 9 |
| 2BR | $3,052 | +$624 (+25.7%) | +$1,207 (+65.4%) | $3,052 – $3,052 | 1 |
| 3BR | $2,995 | −$920 (-23.5%) | −$300 (-9.1%) | $2,995 – $2,995 | 1 |
| 3BR | $3,800 | −$115 (-2.9%) | +$505 (+15.3%) | $3,800 – $3,800 | 1 |
| 4BR | $3,255 | $0 (0.0%) | $0 (0.0%) | $3,255 – $3,600 | 42 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Watts vs. Los Angeles — August 2024
| Bedrooms | Watts Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,698 | $1,750 | −$52 (-3.0%) |
| 1BR | $2,410 | $2,095 | +$315 (+15.0%) |
| 2BR | $2,850 | $2,795 | +$55 (+2.0%) |
| 2BR | $3,052 | $2,795 | +$257 (+9.2%) |
| 3BR | $2,995 | $4,000 | −$1,005 (-25.1%) |
| 3BR | $3,800 | $4,000 | −$200 (-5.0%) |
| 4BR | $3,255 | $4,895 | −$1,640 (-33.5%) |
Citywide figure is the median of zip-level medians across 141 Los Angeles zip codes with listings in August 2024.