Downtown LA, Los Angeles, CA—90012

As of July '25, Rentcast reports the average rent in Downtown LA, Los Angeles, CA is $2,930, with a year-over-year rent change of -16.0%. Per bedroom, the median rent as of July '25 in Downtown LA, Los Angeles, CA is studios: $2,070, 1-bedrooms: $2,560, 2-bedrooms: $3,870, 3-bedrooms: $3,750, 4-bedrooms: $3,500. The most common rental property sizes in Downtown LA, Los Angeles, CA are 2-bedroom and 1-bedroom, accounting for 35.1% and 29.6% of the rental stock.

As of the latest ACS Survey released in 2023, Downtown LA, Los Angeles, CA has a population of 37,500, which has increased by 4.3% over the past 5 years. Downtown LA, Los Angeles, CA is a less popular place for families, as children make up 7.9% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.2% reporting working from home.

As of the latest ACS Survey released in 2023, Downtown LA, Los Angeles, CA is a predominantly asian area, with 35.4% of the population identifying as asian. The asian population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Downtown LA, Los Angeles, CA is hispanic, making up 28.5% of the population. Foreign-born residents account for 41.9% of the population in Downtown LA, Los Angeles, CA, and this percentage has increased by 1.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Downtown LA, Los Angeles, CA under the Section 8 program is 12.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown LA, Los Angeles, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.