Average Rent in Los Angeles, CA

Home  »  CA  »  Los Angeles

Current Versus Historical Los Angeles, CA Rents

Los Angeles rentals average $2,200 for a studio rental to $14,000 for a 4-bedroom rental. The median price of all currently available listings is $4,900, or roughly $4 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $512 (32.01%) year-over-year from $1,598 to $2,110. 1-bedroom rentals prices have increased by $786 (32.97%) year-over-year from $2,383 to $3,169. 2-bedroom rentals prices have increased by $773 (23.28%) year-over-year from $3,322 to $4,095. 3-bedroom rentals prices have increased by $992 (21.12%) year-over-year from $4,698 to $5,690. 4-bedroom rentals prices have increased by $4,971 (71.79%) year-over-year from $6,924 to $11,895. 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 up by 19.89% this month. 1-bedroom rents have gone up by 22.45% this month. 2-bedroom rents have gone up by 18.30% this month. 3-bedroom rents have gone up by 17.17% this month. 4-bedroom rents have gone up by 43.34% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.08 $2,110 $1,598 (32.01%) $1,729 (22.05%)
1 BR $3.75 $3,169 $2,383 (32.97%) $1,857 (70.65%)
2 BR $3.50 $4,095 $3,322 (23.28%) $2,762 (48.28%)
3 BR $3.45 $5,690 $4,698 (21.12%) $4,172 (36.40%)
4+ BR $4.09 $11,895 $6,924 (71.79%) $7,242 (64.26%)

Historical Rents in Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Los Angeles

There are a total of 13 cities nearby Los Angeles. The average rent in Los Angeles is currently $5,500 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,698, is the most affordable city nearby. In contrast, the most expensive city near Los Angeles, CA is Malibu, CA. Monthly rents here are on average $30,000 per month.

Let's compare Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Los Angeles, CA is 3.61% more affordable than other cities nearby. One bedrooms are about 7.69% more expensive. Two bedrooms in Los Angeles, CA are about 10.72% more affordable. Finally, rent for three bedrooms are about 4.59% more affordable. Want more information? Check out the top 10 cities out of 13 total cities near Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $2,030 $2,579 $3,294 $2,698
Long Beach, CA $2,300 $2,288 $2,850 $2,775
Glendale, CA $2,263 $2,295 $2,790 $3,013
Huntington Beach, CA $2,280 $2,639 $3,349 $3,550
Irvine, CA $2,418 $2,768 $3,870 $4,350
Santa Monica, CA $2,622 $3,176 $5,313 $5,500
West Hollywood, CA $3,299 $3,500 $6,240 $6,473
Newport Beach, CA $1,933 $2,114 $4,448 $6,800
Beverly Hills, CA $2,195 $3,795 $5,650 $10,398
Malibu, CA $6,998 $7,250 $6,950 $30,000

Top Neighborhoods Near Los Angeles

There are a total of 15 neighborhoods in or near Los Angeles. Some of these neighborhoods include Mesa Verde, Wilshire Center - Koreatown, and Irvine Business Complex. We've included all of these top 15 neighborhoods in or near Los Angeles, CA in the following chart.

The average rent for these 15 neighborhoods in or near Los Angeles, CA is currently around $5,400 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $5,400. Interestingly, the neighborhoods' average rent is higher than Los Angeles's average rent, which is only $4,900. Out of all the neighborhoods in or near Los Angeles, Mesa Verde has the most affordable average rent at $2,697 per month. Whereas, at $19,000 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Los Angeles. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Mesa Verde, Costa Mesa, CA $2,087 $2,615 $3,354 $2,697
Wilshire Center - Koreatown, Los Angeles, CA $2,130 $2,510 $3,102 $2,713
Irvine Business Complex, Irvine, CA $2,419 $2,759 $3,941 $3,295
Downtown Los Angeles, Los Angeles, CA $2,373 $2,895 $4,553 $3,420
Westchester-Playa Del Rey, Los Angeles, CA $2,266 $2,853 $3,895 $3,769
Marina del Rey, Los Angeles, CA $2,445 $2,924 $4,114 $3,974
Woodland Hills-Warner Center, Los Angeles, CA N/A $2,497 $3,050 $4,300
Venice, Los Angeles, CA $2,371 $3,276 $4,899 $5,400
Westwood, Los Angeles, CA $3,295 $3,995 $5,295 $5,595
Mid-City West, Los Angeles, CA $2,250 $3,295 $6,195 $6,900
Westside, Los Angeles, CA $2,650 $7,000 $10,350 $7,198
Hollywood Hills West, Los Angeles, CA $1,964 $2,473 $4,300 $7,400
The Village, Laguna Beach, CA $2,350 $7,500 $9,000 $8,500
Sherman Oaks, Los Angeles, CA $1,927 $2,106 $3,500 $8,725
Bel Air-Beverly Crest, Los Angeles, CA N/A $3,500 $10,500 $19,000

Top Counties Near Los Angeles

There are a total of 15 counties located by Los Angeles, CA. Some of these counties include Ventura, CA, Orange, CA, and Los Angeles, CA. The average rent for rentals in these counties is $4,300. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,275. Vice versa, with an average rent of $4,500, Los Angeles, CA is the most expensive county by Los Angeles, CA.

Typically, rent for studios in Los Angeles, CA is 0.86% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Los Angeles, CA is 9.13% more expensive than other counties nearby. Finally, rent for two bedrooms in Los Angeles, CA is 12.99% 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 N/A $2,500 $3,495 $4,275
Orange, CA $2,181 $2,598 $3,414 $4,300
Los Angeles, CA $2,200 $2,700 $3,795 $4,500

Top Zipcodes Near Los Angeles

There are a total of 17 zipcodes in or near Los Angeles, CA. The average rent for all of these zipcodes is $6,500. 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 $2,338 per month. In comparison, the zipcode with the most expensive average rent of $26,000 per month is 90265, Los Angeles County, CA.

Studios in these zipcodes have an average rent of $2,241. 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 Los Angeles, CA is $3,150 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,195 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
90265, Los Angeles County, CA $6,998 $8,325 $7,400 $26,000
92651, Orange County, CA $2,350 $5,500 $8,000 $9,750
90069, Los Angeles, CA $6,650 $4,490 $6,700 $9,123
92663, Newport Beach, CA $1,934 $2,111 $2,821 $2,338
90046, Los Angeles, CA $1,867 $2,487 $5,800 $7,500
90292, Marina del Rey, CA $2,241 $3,067 $4,218 $3,879
90291, Los Angeles, CA $2,948 $5,750 $5,650 $6,975
92648, Huntington Beach, CA $2,280 $2,840 $4,725 $4,350
90210, Los Angeles, CA N/A $4,500 $16,850 $24,500
90048, Los Angeles, CA $2,200 $3,300 $6,240 $6,973

Frequently Asked Questions - Los Angeles Average Rents

What is the average rent price in Los Angeles, CA?
The average monthly rental price for Los Angeles, CA apartments for rent is approximately $4,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 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 Los Angeles, CA.
How much is a studio apartment in Los Angeles, CA?
The average monthly rental price for studio apartments is $2,200 and an average price per square feet of $4.08. There are a total of 112 studio apartment listings currently available for rent in Los Angeles.
How much is a one bedroom apartment in Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $2,859 and an average price per square feet of $3.75. There are a total of 421 one bedroom apartment listings currently available for rent in Los Angeles.
How much is a two bedroom apartment in Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $4,017 and an average price per square feet of $3.50. There are a total of 654 two bedroom apartment listings currently available for rent in Los Angeles.
How have rent prices in Los Angeles, CA changed this year?
Rent prices for rentals in Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.32%, one bedroom rental prices have changed by 0.33%, two bedroom rental prices have changed by 0.23%, and three bedroom rental prices have changed by 0.21% year-over-year.
What is a reasonable rent price in Los Angeles, CA?
A reasonable rent price in Los Angeles, CA is around $3,920/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