Olympic + Hill: Luxury Apartments in Downtown LA, Rent Prices & Amenities

Last updated: October 29, 2026. By the Apartments Club Editorial Team.

At a glance: 230 W Olympic Blvd, Los Angeles, CA 90015 · Downtown LA (South Park) · asking rents from $2,499 to $24,434 a month as of October 2026.

Olympic + Hill is the newest giant on the downtown skyline. Vancouver-based Onni Group completed the 54-story tower at 230 W. Olympic Boulevard in 2025, and it holds 685 rental homes, ranging from compact one-bedrooms to townhomes and full-floor-style penthouses, according to Urbanize LA and the building’s own marketing. That makes it one of the largest single rental buildings in the city.

What makes it interesting for this series is its unusually wide price spread. Ordinary one-bedrooms here are priced in line with other new DTLA towers, while a single four-bedroom penthouse listing pushed the top of the range above $24,000 a month in our October 2026 check, the second-highest figure among all the buildings we tracked.

Location and neighborhood

The tower sits at the corner of Olympic Boulevard and Hill Street on the eastern side of South Park. Crypto.com Arena, the LA Live entertainment district and the Convention Center are a few blocks west; the Fashion District and the Broadway theater corridor are a short walk to the east. Grand Central Market and the Historic Core are reachable on foot or by a quick Metro ride from the Pico station.

Downtown living comes with trade-offs, including street noise and uneven sidewalks after dark, so tour at night as well as during the day. Our Downtown Los Angeles neighborhood guide covers grocery options, transit and safety tips in more detail.

Apartments for rent at Olympic + Hill

The building offers one-, two- and three-bedroom apartments plus a small collection of penthouses and townhome-style residences. Pets are allowed and parking is available for an additional fee, according to the South Park neighborhood association’s pre-leasing notice.

Based on the units advertised on October 28, 2026, asking rents ranged from $2,499 to $24,434 a month, per Highrises.com (Realtor.com network, listing data supplied by Zillow). Here is the breakdown by unit type:

Unit type	Asking rent (Oct 2026)	Size
1 bedroom	$2,499 – $3,447	577 – 763 sq ft
2 bedroom	$3,500 – $4,935	862 – 1,058 sq ft
3 bedroom	$7,083 – $7,550	1,682 – 1,802 sq ft
4 bedroom penthouse	$24,434	4,459 sq ft

Rent concessions are common in new downtown towers, so the effective monthly cost can be lower than the advertised price. Ask about any current specials, parking fees and pet rent before comparing buildings.

Amenities

Onni describes a 40,000-plus square foot amenity package spread over indoor and outdoor areas. Highlights listed for the building include:

• A full-size pool, year-round hot tub and cabanas on the podium deck
• Cold plunges and infrared saunas
• A large fitness center with free weights, a yoga studio and group exercise space
• Courts for basketball, bocce and other sports
• A co-working lounge, business center and private dining room
• A game room, TV lounge, playground and outdoor dining areas
• Concierge and 24-hour access control

In the units, the building advertises natural stone waterfall countertops, Italian soft-close cabinetry, soaking tubs and glass-enclosed showers; every home is described as having outdoor space.

Pros and cons

Pros

• Brand-new construction with a very large amenity program
• Wide range of prices, from accessible one-bedrooms to trophy penthouses
• Walkable to LA Live, Crypto.com Arena and the Fashion District
• Short Metro access via the Pico station

Cons

• A very large building, so it can feel less personal
• Penthouse pricing is far above the rest of the tower
• Downtown street conditions vary block to block
• Parking and pets cost extra

How it compares with other LA luxury rentals

We reviewed advertised rents at 25 of the priciest rental communities in Los Angeles County on October 28, 2026. Ranked by the highest monthly asking rent, Olympic + Hill came in at number 2. For context, here is what several other high-end buildings were asking on the same day (same source):

• Ten Thousand (Century City): $13,600 – $27,000 a month
• Circa LA (Downtown LA (South Park)): $2,653 – $23,216 a month
• THEA at Metropolis (Downtown LA): $2,786 – $22,514 a month
• Kurve (Westlake/Koreatown edge): $2,228 – $19,262 a month
• Vision on Wilshire (Miracle Mile): $4,499 – $18,699 a month
• The Landmark Los Angeles (Brentwood/West LA): $3,250 – $17,950 a month

Keep in mind that the top of each range is usually driven by one or two penthouse or oversized units, so the starting rent and the mix of unit sizes often say more about a building than its single most expensive listing. Linked names go to our full profile of that building.

More LA luxury building profiles

Comparing options? These profiles in our Los Angeles luxury apartments series cover nearby or similarly priced buildings:

• Circa LA: Downtown LA (South Park), from $2,653 a month
• THEA at Metropolis: Downtown LA, from $2,786 a month
• TENTEN Wilshire: Downtown LA, from $2,500 a month
• Ten Thousand: Century City, from $13,600 a month
• Kurve: Westlake/Koreatown edge, from $2,228 a month
• Vision on Wilshire: Miracle Mile, from $4,499 a month

Touring tips

• Ask which specific units are available and on which floors; view and floor height can move the rent by thousands of dollars in the same floor plan.
• Request the full monthly cost in writing, including parking, pet rent, storage, utilities and any amenity or service fees.
• Ask whether advertised specials are applied as free weeks up front or spread across the lease, and how that affects renewal pricing.
• Visit at rush hour and in the evening to judge traffic, noise and how easy it is to get in and out of the garage.
• Read the lease terms for minimum length, early termination and renewal caps before you put down a deposit.

Who it suits

Olympic + Hill fits young professionals and couples who want new construction and a resort-style amenity deck at a downtown price, as well as buyers-in-waiting who want condo-grade finishes without committing to a purchase. The penthouses target a much smaller group: renters who want a large, high-floor home with skyline views and are comfortable paying Westside-level rent downtown.

Can you afford it?

A common rule of thumb is to keep rent near 30% of gross income, which means a $2,499 apartment calls for roughly $100,000 a year in household income, and the top-end unit far more. Many luxury buildings also ask for income of two and a half to three times the rent. Run your own numbers with our rent affordability calculator, and if this building is out of range, browse more options on our Los Angeles rentals board.

Before you apply

Rents in large buildings change daily based on floor, view, lease length and concessions. The figures above are asking rents for units listed on October 28, 2026, not signed leases, and they may include mandatory fees. Always verify current pricing, fees and availability directly with the leasing office or on the official Olympic + Hill website. ApartmentsClub is not affiliated with the building or its management.

Featured image: The downtown Los Angeles skyline at night (general view of DTLA; not a photo of Olympic + Hill). Photo by Camiloarenivar via Wikimedia Commons, licensed CC BY-SA 4.0.

Sources: Zillow Observed Rent Index (ZORI), as cited in the text above. Figures reflect the data release noted where they appear; listings and prices change. How we source and update data: Editorial Standards & Sources.