Average Rent in Downtown Los Angeles, Los Angeles, CA

Home  »  CA  »  Los Angeles  »  Downtown Los Angeles

Current Versus Historical Downtown Los Angeles, Los Angeles, CA Rents

Downtown Los Angeles rentals average $2,150 for a studio rental to $7,250 for a 3-bedroom rental. The median price of all currently available listings is $3,204, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $37 (1.78%) year-over-year from $2,078 to $2,115. 1-bedroom rentals prices have decreased by $171 (-5.65%) year-over-year from $3,031 to $2,860. 2-bedroom rentals prices have decreased by $763 (-17.45%) year-over-year from $4,375 to $3,612. 3-bedroom rentals prices have decreased by $3,058 (-46.02%) year-over-year from $6,646 to $3,588. 4-bedroom rentals prices have decreased by $32,330 (-79.72%) year-over-year from $40,554 to $8,224. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.90% this month. 1-bedroom rents have gone down by 2.21% this month. 2-bedroom rents have gone down by 10.42% this month. 3-bedroom rents have gone up by 21.98% this month. 4-bedroom rents have gone up by 57.96% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.68 $2,115 $2,078 (1.78%) $2,258 (-6.31%)
1 BR $3.19 $2,860 $3,031 (-5.65%) $2,781 (2.86%)
2 BR $3.05 $3,612 $4,375 (-17.45%) $3,938 (-8.28%)
3 BR $3.76 $3,588 $6,646 (-46.02%) $13,910 (-74.21%)

Historical Rents in Downtown Los Angeles, Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Los Angeles

There are a total of 17 cities nearby Downtown Los Angeles. The average rent in Downtown Los Angeles is currently $4,300 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,660, is the most affordable city nearby. In contrast, the most expensive city near Downtown Los Angeles, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $29,500 per month.

Let's compare Downtown Los Angeles, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Los Angeles, Los Angeles, CA is 7.21% more expensive than other cities nearby. One bedrooms are about 7.67% more expensive. Two bedrooms in Downtown Los Angeles, Los Angeles, CA are about 3.55% more expensive. Finally, rent for three bedrooms are about 24.14% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Downtown Los Angeles, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $1,975 $2,488 $3,233 $2,660
Long Beach, CA $1,995 $2,200 $2,800 $2,757
Santa Clarita, CA N/A $2,400 $2,950 $2,905
Glendale, CA $2,116 $2,100 $2,963 $2,995
Huntington Beach, CA $2,100 $2,809 $3,404 $3,700
Los Angeles, CA $1,995 $2,650 $3,960 $4,300
West Hollywood, CA $2,750 $3,100 $5,725 $5,245
Santa Monica, CA $2,584 $3,073 $5,838 $5,975
Beverly Hills, CA $2,073 $3,400 $6,048 $10,750
Malibu, CA $6,998 $5,950 $8,000 $29,500

Top Neighborhoods Near Downtown Los Angeles

There are a total of 16 neighborhoods in or near Downtown Los Angeles. Some of these neighborhoods include Historic Cultural, Wilshire Center - Koreatown, and Mesa Verde. We've included all of these top 16 neighborhoods in or near Downtown Los Angeles, Los Angeles, CA in the following chart.

The average rent for these 16 neighborhoods in or near Downtown Los Angeles, Los Angeles, CA is currently around $4,838 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $4,838. Interestingly, the neighborhoods' average rent is higher than Downtown Los Angeles's average rent, which is only $3,204. Out of all the neighborhoods in or near Downtown Los Angeles, Historic Cultural has the most affordable average rent at $2,438 per month. Whereas, at $19,748 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Downtown Los Angeles. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Historic Cultural, Los Angeles, CA $1,977 $2,400 $2,989 $2,438
Wilshire Center - Koreatown, Los Angeles, CA $1,854 $2,347 $2,939 $2,450
Mesa Verde, Costa Mesa, CA $2,073 $2,597 $3,294 $2,660
Mid-Town North Hollywood, Los Angeles, CA $2,200 $2,625 $2,998 $2,992
Irvine Business Complex, Irvine, CA $2,513 $2,719 $3,842 $3,027
Westchester-Playa Del Rey, Los Angeles, CA $2,315 $3,029 $3,900 $3,629
Marina del Rey, Los Angeles, CA $2,448 $2,997 $4,067 $3,865
Woodland Hills-Warner Center, Los Angeles, CA N/A $2,335 $3,050 $4,475
Westwood, Los Angeles, CA $3,195 $3,995 $5,098 $5,200
Venice, Los Angeles, CA $2,169 $3,426 $4,707 $5,485
Hollywood Hills West, Los Angeles, CA $1,882 $2,474 $4,268 $6,775
Mid-City West, Los Angeles, CA $1,675 $3,266 $6,195 $6,850
Sherman Oaks, Los Angeles, CA $2,106 $2,021 $3,230 $7,495
Westside, Los Angeles, CA $2,573 $6,309 $12,100 $9,350
Pacific Palisades, Los Angeles, CA N/A $3,198 $6,000 $17,900
Bel Air-Beverly Crest, Los Angeles, CA N/A $3,800 $6,250 $19,748

Top Counties Near Downtown Los Angeles

There are a total of 16 counties located by Downtown Los Angeles, Los Angeles, CA. Some of these counties include Ventura, CA, Los Angeles, CA, and Orange, CA. The average rent for rentals in these counties is $4,000. That's roughly around $3 per sqft. The county that is the most affordable is Ventura, CA. It's average rent per month is $3,475. Vice versa, with an average rent of $4,300, Orange, CA is the most expensive county by Downtown Los Angeles, Los Angeles, CA.

Typically, rent for studios in Downtown Los Angeles, Los Angeles, CA is 7.21% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Los Angeles, Los Angeles, CA is 12.89% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Los Angeles, Los Angeles, CA is 14.73% more expensive than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Ventura, CA $1,750 $2,125 $2,995 $3,475
Los Angeles, CA $1,995 $2,500 $3,684 $4,000
Orange, CA $2,047 $2,600 $3,400 $4,300

Top Zipcodes Near Downtown Los Angeles

There are a total of 21 zipcodes in or near Downtown Los Angeles, Los Angeles, CA. The average rent for all of these zipcodes is $5,375. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92663, Newport Beach, CA at $2,475 per month. In comparison, the zipcode with the most expensive average rent of $25,000 per month is 90265, Los Angeles County, CA.

Studios in these zipcodes have an average rent of $1,975. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Los Angeles, Los Angeles, CA is $2,761 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,500 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Downtown Los Angeles, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
90017, Los Angeles, CA $2,150 $2,340 $3,965 $3,175
90028, Los Angeles, CA $2,050 $2,310 $3,895 $3,050
90068, Los Angeles, CA N/A $2,748 $4,998 $9,700
90048, Los Angeles, CA $1,975 $3,295 $6,468 $7,200
90069, Los Angeles, CA $3,299 $4,500 $6,900 $8,950
90046, Los Angeles, CA $1,882 $2,524 $4,500 $6,888
90210, Los Angeles, CA N/A $11,000 $17,250 $25,000
90024, Los Angeles, CA $3,195 $3,995 $4,948 $5,375
90025, Los Angeles, CA $2,450 $2,599 $3,895 $3,800
90292, Marina del Rey, CA $2,166 $3,011 $4,190 $3,895

Frequently Asked Questions - Downtown Los Angeles Average Rents

What is the average rent price in Downtown Los Angeles, Los Angeles, CA?
The average monthly rental price for Downtown Los Angeles, Los Angeles, CA apartments for rent is approximately $3,204. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Los Angeles, Los Angeles, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown Los Angeles, Los Angeles, CA.
How much is a studio apartment in Downtown Los Angeles, Los Angeles, CA?
The average monthly rental price for studio apartments is $2,150 and an average price per square feet of $3.68. There are a total of 17 studio apartment listings currently available for rent in Downtown Los Angeles.
How much is a one bedroom apartment in Downtown Los Angeles, Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $2,870 and an average price per square feet of $3.19. There are a total of 39 one bedroom apartment listings currently available for rent in Downtown Los Angeles.
How much is a two bedroom apartment in Downtown Los Angeles, Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $3,988 and an average price per square feet of $3.05. There are a total of 30 two bedroom apartment listings currently available for rent in Downtown Los Angeles.
How have rent prices in Downtown Los Angeles, Los Angeles, CA changed this year?
Rent prices for rentals in Downtown Los Angeles, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.17%, and three bedroom rental prices have changed by -0.46% year-over-year.
What is a reasonable rent price in Downtown Los Angeles, Los Angeles, CA?
A reasonable rent price in Downtown Los Angeles, Los Angeles, CA is around $2,563/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast