Average Rent in 90048, Los Angeles, CA

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Current Versus Historical 90048, Los Angeles, CA Rents

90048 rentals average $2,695 for a studio rental to $17,500 for a 4-bedroom rental. The median price of all currently available listings is $6,094, or roughly $4 per square feet.
For the apartment units and housing in June 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $757 (39.04%) year-over-year from $1,938 to $2,695. 1-bedroom rentals prices have increased by $408 (14.66%) year-over-year from $2,780 to $3,188. 2-bedroom rentals prices have increased by $134 (3.38%) year-over-year from $3,955 to $4,089. 3-bedroom rentals prices have increased by $831 (14.10%) year-over-year from $5,894 to $6,725. 4-bedroom rentals prices have increased by $9,468 (117.89%) year-over-year from $8,032 to $17,500. 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 23.76% this month. 1-bedroom rents have gone up by 10.45% this month. 2-bedroom rents have gone down by 0.19% this month. 3-bedroom rents have gone up by 14.23% this month. 4-bedroom rents have gone up by 16.68% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.30 $2,695 $1,938 (39.04%) $2,709 (-0.51%)
1 BR $6.67 $3,188 $2,780 (14.66%) $2,298 (38.69%)
2 BR $3.73 $4,089 $3,955 (3.38%) $3,681 (11.08%)
3 BR $3.89 $6,725 $5,894 (14.10%) $5,876 (14.45%)
4+ BR $4.80 $17,500 $8,032 (117.89%) $10,924 (60.20%)

Historical Rents in 90048, Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 90048

There are a total of 15 cities nearby 90048. The average rent in 90048 is currently $5,100 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,758, is the most affordable city nearby. In contrast, the most expensive city near 90048, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $30,000 per month.

Let's compare 90048, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 90048, Los Angeles, CA is 13.58% more expensive than other cities nearby. One bedrooms are about 24.98% more expensive. Two bedrooms in 90048, Los Angeles, CA are about 12.95% more expensive. Finally, rent for three bedrooms are about 14.39% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near 90048, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $2,229 $2,578 $3,311 $2,758
Long Beach, CA $2,095 $2,235 $3,000 $2,875
Glendale, CA $2,295 $2,350 $3,288 $3,244
Huntington Beach, CA $2,329 $2,909 $3,374 $3,973
Los Angeles, CA $2,250 $2,830 $4,000 $4,795
Santa Monica, CA $2,600 $3,195 $6,350 $5,700
West Hollywood, CA $5,000 $4,132 $6,100 $6,223
Newport Beach, CA $1,960 $2,277 $4,575 $7,000
Beverly Hills, CA $2,548 $3,795 $5,400 $11,500
Malibu, CA $6,998 $7,648 $7,000 $30,000

Top Neighborhoods Near 90048

There are a total of 14 neighborhoods in or near 90048. Some of these neighborhoods include Wilshire Center - Koreatown, Mesa Verde, and Downtown Los Angeles. We've included all of these top 14 neighborhoods in or near 90048, Los Angeles, CA in the following chart.

The average rent for these 14 neighborhoods in or near 90048, Los Angeles, CA is currently around $4,272 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $4,272. Out of all the neighborhoods in or near 90048, Wilshire Center - Koreatown has the most affordable average rent at $2,702 per month. Whereas, at $19,998 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near 90048. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Wilshire Center - Koreatown, Los Angeles, CA $2,128 $2,660 $3,412 $2,702
Mesa Verde, Costa Mesa, CA $2,175 $2,625 $3,402 $2,726
Downtown Los Angeles, Los Angeles, CA $2,312 $2,900 $4,915 $3,275
Irvine Business Complex, Irvine, CA $2,472 $2,832 $3,758 $3,311
Westchester-Playa Del Rey, Los Angeles, CA $2,457 $2,852 $3,884 $3,884
Woodland Hills-Warner Center, Los Angeles, CA $2,200 $2,398 $3,050 $3,947
Marina del Rey, Los Angeles, CA N/A $3,000 $4,180 $4,044
Venice, Los Angeles, CA $2,295 $3,492 $4,094 $4,500
Westwood, Los Angeles, CA $3,195 $4,000 $5,285 $5,600
Mid-City West, Los Angeles, CA $2,498 $3,442 $5,495 $6,094
Hollywood Hills West, Los Angeles, CA $1,964 $2,343 $4,285 $7,500
Sherman Oaks, Los Angeles, CA $1,968 $2,308 $3,045 $8,273
Brentwood, Los Angeles, CA $3,275 $2,798 $4,950 $8,950
Bel Air-Beverly Crest, Los Angeles, CA N/A $4,150 $9,748 $19,998

Top Counties Near 90048

There are a total of 14 counties located by 90048, 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 $4,400. 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 $4,300. Vice versa, with an average rent of $4,500, Los Angeles, CA is the most expensive county by 90048, Los Angeles, CA.

Typically, rent for studios in 90048, Los Angeles, CA is 18.22% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 90048, Los Angeles, CA is 29.62% more expensive than other counties nearby. Finally, rent for two bedrooms in 90048, Los Angeles, CA is 23.92% 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 $2,148 $2,350 $3,250 $4,300
Orange, CA $2,204 $2,655 $3,496 $4,400
Los Angeles, CA $2,250 $2,664 $3,800 $4,500

Top Zipcodes Near 90048

There are a total of 21 zipcodes in or near 90048, Los Angeles, CA. The average rent for all of these zipcodes is $5,100. A total of 13 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92626, Costa Mesa, CA at $2,701 per month. In comparison, the zipcode with the most expensive average rent of $28,250 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,264. 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 90048, Los Angeles, CA is $2,997 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,500 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in 90048, 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 $7,150 $7,923 $26,000
90069, Los Angeles, CA $5,100 $4,840 $6,850 $7,999
92651, Orange County, CA $3,500 $5,500 $7,500 $9,500
92663, Newport Beach, CA $1,947 $2,270 $2,946 $2,774
90046, Los Angeles, CA $2,082 $2,395 $5,500 $7,995
90292, Marina del Rey, CA $2,264 $3,000 $4,069 $3,902
90291, Los Angeles, CA $2,648 $5,650 $4,775 $6,448
92648, Huntington Beach, CA $2,329 $4,071 $4,974 $4,987
90210, Los Angeles, CA N/A $12,800 $17,000 $28,250
90049, Los Angeles, CA $3,275 $2,695 $4,950 $8,950

Frequently Asked Questions - 90048 Average Rents

What is the average rent price in 90048, Los Angeles, CA?
The average monthly rental price for 90048, Los Angeles, CA apartments for rent is approximately $6,094. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 90048, 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 90048, Los Angeles, CA.
How much is a studio apartment in 90048, Los Angeles, CA?
The average monthly rental price for studio apartments is $2,695 and an average price per square feet of $5.30. There are a total of 5 studio apartment listings currently available for rent in 90048.
How much is a one bedroom apartment in 90048, Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $3,773 and an average price per square feet of $6.67. There are a total of 16 one bedroom apartment listings currently available for rent in 90048.
How much is a two bedroom apartment in 90048, Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $4,595 and an average price per square feet of $3.73. There are a total of 25 two bedroom apartment listings currently available for rent in 90048.
How have rent prices in 90048, Los Angeles, CA changed this year?
Rent prices for rentals in 90048, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.39%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.14% year-over-year.
What is a reasonable rent price in 90048, Los Angeles, CA?
A reasonable rent price in 90048, Los Angeles, CA is around $4,875/month. You can search for these reasonably priced rental listings on RentHop.
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