Average Rent in Downtown Los Angeles, Los Angeles, CA

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

Downtown Los Angeles rentals average $2,147 for a studio rental to $3,121 for a 2-bedroom rental. The median price of all currently available listings is $2,336, or roughly $3 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $67 (3.06%) year-over-year from $2,190 to $2,257. 1-bedroom rentals prices have increased by $436 (14.83%) year-over-year from $2,937 to $3,372. 2-bedroom rentals prices have increased by $375 (9.47%) year-over-year from $3,955 to $4,329. 3-bedroom rentals prices have decreased by $1,170 (-21.79%) year-over-year from $5,370 to $4,200. 4-bedroom rentals prices have decreased by $9,018 (-52.30%) year-over-year from $17,242 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 12.15% this month. 1-bedroom rents have gone up by 1.42% this month. 2-bedroom rents have gone down by 5.89% this month. 3-bedroom rents have gone down by 37.92% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.22	$2,257	$2,190 (3.06%)	$2,424 (-6.90%)
1 BR	$3.19	$3,372	$2,937 (14.83%)	$2,620 (28.69%)
2 BR	$2.69	$4,329	$3,955 (9.47%)	$3,645 (18.75%)

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 4 cities nearby Downtown Los Angeles. The average rent in Downtown Los Angeles is currently $2,808 per month. Only one city nearby has an average rent lower than that. Our records show that Newport Beach, CA, with an average rent of $2,194, is the most affordable city nearby. In contrast, the most expensive city near Downtown Los Angeles, Los Angeles, CA is Huntington Beach, CA. Monthly rents here are on average $3,062 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 0.41% more expensive than other cities nearby. One bedrooms are about 12.58% more affordable. Two bedrooms in Downtown Los Angeles, Los Angeles, CA are about 7.81% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 4 cities near Downtown Los Angeles, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Newport Beach, CA	$1,883	$2,218	$2,878	$2,194
Costa Mesa, CA	$2,082	$2,517	$3,213	$2,663
Los Angeles, CA	$2,194	$2,736	$3,689	$2,953
Huntington Beach, CA	$2,374	$2,853	$3,517	$3,062

Top Neighborhoods Near Downtown Los Angeles

There are a total of 3 neighborhoods in or near Downtown Los Angeles. Some of these neighborhoods include Wilshire Center - Koreatown, Mesa Verde, and Venice. We've included all of these top 3 neighborhoods in or near Downtown Los Angeles, Los Angeles, CA in the following chart.

The average rent for these 3 neighborhoods in or near Downtown Los Angeles, Los Angeles, CA is currently around $2,905 per month. Meaning, only three neighborhoods have a higher average rent than $2,905. Interestingly, the neighborhoods' average rent is higher than Downtown Los Angeles's average rent, which is only $2,336. Out of all the neighborhoods in or near Downtown Los Angeles, Wilshire Center - Koreatown has the most affordable average rent at $2,584 per month. Whereas, at $3,257 average rent per month, Venice 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
Wilshire Center - Koreatown, Los Angeles, CA	$2,225	$2,461	$3,301	$2,584
Mesa Verde, Costa Mesa, CA	$2,095	$2,594	$3,375	$2,905
Venice, Los Angeles, CA	$2,209	$3,125	$3,894	$3,257

Top Counties Near Downtown Los Angeles

There are a total of 3 counties located by Downtown Los Angeles, Los Angeles, CA. The average rent for rentals in these counties is $2,787. That's roughly around $3 per sqft. The county that is the most affordable is Orange, CA. It's average rent per month is $2,706. Vice versa, with an average rent of $2,868, Los Angeles, 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 0.96% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Los Angeles, Los Angeles, CA is 10.15% more affordable than other counties nearby. Finally, rent for two bedrooms in Downtown Los Angeles, Los Angeles, CA is 7.16% more affordable than other counties nearby. We've listed the top 2 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Orange, CA	$2,043	$2,533	$3,213	$2,706
Los Angeles, CA	$2,209	$2,607	$3,476	$2,868

Top Zipcodes Near Downtown Los Angeles

There are a total of 3 zipcodes in or near Downtown Los Angeles, Los Angeles, CA. The average rent for all of these zipcodes is $2,663.

The following chart includes the top 3 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
90292, Marina del Rey, CA	$2,202	$2,979	$3,908	$3,399
92626, Costa Mesa, CA	$2,082	$2,517	$3,213	$2,663
92663, Newport Beach, CA	$1,883	$2,218	$2,878	$2,194

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 $2,336. 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 $2,147 and an average price per square feet of $3.22. There are a total of 6 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 $2,333 and an average price per square feet of $3.19. There are a total of 6 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 $3,121 and an average price per square feet of $2.69. There are a total of 5 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 0.03%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by -0.22% 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 $1,869/month. You can search for these reasonably priced rental listings on RentHop.