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 $2,140 for a studio rental to $75,000 for a 4-bedroom rental. The median price of all currently available listings is $3,300, or roughly $4 per square feet.
For the apartment units and housing in November 2024, median rents have risen over the last year. Studio rentals prices have increased by $175 (8.64%) year-over-year from $2,025 to $2,200. 1-bedroom rentals prices have increased by $246 (8.41%) year-over-year from $2,925 to $3,172. 2-bedroom rentals prices have increased by $551 (13.96%) year-over-year from $3,949 to $4,500. 3-bedroom rentals prices have increased by $9,452 (233.54%) year-over-year from $4,047 to $13,500. 4-bedroom rentals prices have increased by $66,776 (812.00%) year-over-year from $8,224 to $75,000. 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 4.04% this month. 1-bedroom rents have gone up by 2.47% this month. 2-bedroom rents have gone up by 6.48% this month. 3-bedroom rents have gone up by 19.11% this month. 4-bedroom rents have gone up by 47.43% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.59 $2,200 $2,025 (8.64%) $2,383 (-7.69%)
1 BR $3.44 $3,172 $2,925 (8.41%) $2,202 (44.03%)
2 BR $3.45 $4,500 $3,949 (13.96%) $3,310 (35.97%)
3 BR $4.92 $13,500 $4,047 (233.54%) $9,530 (41.65%)
4+ BR $4.17 $75,000 $8,224 (812.00%) $2,058 (3,543.72%)

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 30 cities nearby Downtown Los Angeles. The average rent in Downtown Los Angeles is currently $4,616 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Long Beach, CA, with an average rent of $2,848, 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 $20,000 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 57.94% more expensive than other cities nearby. One bedrooms are about 11.50% more expensive. Two bedrooms in Downtown Los Angeles, Los Angeles, CA are about 17.78% more expensive. Finally, rent for three bedrooms are about 63.54% more expensive. Want more information? Check out the top 10 cities out of 30 total cities near Downtown Los Angeles, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Inglewood, CA $1,800 $2,175 $3,000 $2,900
Pasadena, CA $2,400 $2,800 $3,500 $3,413
Glendale, CA $2,303 $2,395 $3,300 $3,500
Burbank, CA N/A $2,400 $3,663 $3,750
Los Angeles, CA $2,095 $2,650 $3,900 $4,500
Santa Monica, CA $3,160 $3,200 $4,950 $4,733
Redondo Beach, CA $2,350 $3,450 $4,225 $4,800
West Hollywood, CA $3,125 $3,855 $5,500 $5,495
Manhattan Beach, CA N/A $3,798 $5,500 $9,775
Beverly Hills, CA $2,499 $4,173 $6,150 $12,400

Top Neighborhoods Near Downtown Los Angeles

There are a total of 35 neighborhoods in or near Downtown Los Angeles. Some of these neighborhoods include Wilshire Center - Koreatown, Historic Cultural, and Congress North. We've included the top 30 neighborhoods out of 35 total neighborhoods in or near Downtown Los Angeles, Los Angeles, CA in the following chart.

The average rent for these 30 neighborhoods in or near Downtown Los Angeles, Los Angeles, CA is currently around $4,913 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only twenty-five neighborhoods have a higher average rent than $4,913. Interestingly, the neighborhoods' average rent is higher than Downtown Los Angeles's average rent, which is only $3,300. Out of all the neighborhoods in or near Downtown Los Angeles, Wilshire Center - Koreatown has the most affordable average rent at $2,582 per month. Whereas, at $19,950 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
Wilshire Center - Koreatown, Los Angeles, CA $1,995 $2,468 $3,200 $2,582
Historic Cultural, Los Angeles, CA $2,090 $2,394 $3,400 $2,600
Congress North, Los Angeles, CA N/A $1,900 $2,610 $2,845
Downtown Long Beach, Long Beach, CA $2,519 $2,965 $3,350 $3,046
Van Nuys, Los Angeles, CA $1,673 $1,875 $2,698 $3,225
Mar Vista, Los Angeles, CA $2,598 $2,450 $4,647 $3,700
Mid-Town North Hollywood, Los Angeles, CA $2,090 $2,500 $3,478 $3,725
Greater Wilshire, Los Angeles, CA N/A $2,293 $3,760 $4,000
Westchester-Playa Del Rey, Los Angeles, CA $2,382 $2,735 $3,797 $4,045
PICO, Los Angeles, CA N/A $2,650 $3,000 $4,200
West Los Angeles, Los Angeles, CA $1,898 $3,150 $3,795 $4,400
Central Hollywood, Los Angeles, CA N/A $3,517 $4,704 $4,457
South Robertson, Los Angeles, CA N/A $2,595 $3,795 $4,498
Marina del Rey, Los Angeles, CA $2,400 $3,079 $4,570 $4,500
Silver Lake, Los Angeles, CA $2,273 $2,900 $4,500 $4,750
Westwood, Los Angeles, CA $2,097 $3,750 $4,583 $5,355
Mid-City West, Los Angeles, CA $2,673 $3,254 $4,583 $5,425
Tarzana, Los Angeles, CA N/A $2,100 $3,250 $5,875
Sherman Oaks, Los Angeles, CA $1,711 $2,191 $3,420 $5,900
Westside, Los Angeles, CA $2,575 $6,550 $5,195 $6,148
Brentwood, Los Angeles, CA N/A $3,295 $4,723 $7,423
Hollywood Hills West, Los Angeles, CA $1,988 $2,923 $4,300 $7,495
Venice, Los Angeles, CA $3,375 $4,450 $6,500 $7,700
Studio City, Los Angeles, CA N/A $2,900 $3,800 $8,200
North of Montana, Santa Monica, CA $4,400 $4,850 $7,995 $8,500
Encino, Los Angeles, CA N/A $2,674 $3,550 $8,850
Hollywood United, Los Angeles, CA $1,750 $3,000 $4,860 $8,995
Sand Section, Manhattan Beach, CA N/A $3,800 $5,500 $10,000
Pacific Palisades, Los Angeles, CA N/A $3,700 $6,750 $16,499
Bel Air-Beverly Crest, Los Angeles, CA $2,313 $3,750 $9,200 $19,950

Top Counties Near Downtown Los Angeles

There are a total of 35 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 $4,350. That's roughly around $3 per sqft. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,072. Vice versa, with an average rent of $5,000, 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 12.15% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Los Angeles, Los Angeles, CA is 8.27% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Los Angeles, Los Angeles, CA is 18.09% 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 $2,948 $2,750 $3,060 $4,072
Los Angeles, CA $2,100 $2,608 $3,686 $4,350
Orange, CA $2,400 $2,695 $3,797 $5,000

Top Zipcodes Near Downtown Los Angeles

There are a total of 7 zipcodes in or near Downtown Los Angeles, Los Angeles, CA. The average rent for all of these zipcodes is $4,498.

The following chart includes the top 7 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
90036, Los Angeles, CA $2,695 $2,960 $4,138 $4,197
90034, Los Angeles, CA $2,795 $2,398 $4,795 $4,498
91604, Los Angeles, CA N/A $2,900 $3,800 $8,750
90045, Los Angeles, CA $2,447 $2,578 $3,430 $3,451
90024, Los Angeles, CA $2,300 $3,750 $4,500 $5,250
90049, Los Angeles, CA $1,899 $3,295 $4,923 $7,350
91367, Los Angeles, CA N/A $2,465 $3,300 $4,075

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 $3,300. 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 $2,140 and an average price per square feet of $3.59. There are a total of 45 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 $2,938 and an average price per square feet of $3.44. There are a total of 133 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 $4,500 and an average price per square feet of $3.45. There are a total of 105 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 0.09%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.14%, and three bedroom rental prices have changed by 2.34% 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 $2,640/month. You can search for these reasonably priced rental listings on RentHop.
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