Average Rent in Central LA, Los Angeles, CA

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Current Versus Historical Central LA, Los Angeles, CA Rents

Central LA rentals average $2,102 for a studio rental to $14,000 for a 4-bedroom rental. The median price of all currently available listings is $4,025, or roughly $4 per square feet.
For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $473 (31.37%) year-over-year from $1,508 to $1,982. 1-bedroom rentals prices have increased by $61 (2.07%) year-over-year from $2,952 to $3,013. 2-bedroom rentals prices have increased by $337 (9.24%) year-over-year from $3,643 to $3,980. 3-bedroom rentals prices have increased by $1,438 (27.06%) year-over-year from $5,312 to $6,750. 4-bedroom rentals prices have increased by $4,400 (54.32%) year-over-year from $8,100 to $12,500. 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 19.50% this month. 1-bedroom rents have gone up by 6.57% this month. 2-bedroom rents have gone up by 13.99% this month. 3-bedroom rents have gone up by 28.73% this month. 4-bedroom rents have gone up by 57.08% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.72 $1,982 $1,508 (31.37%) $1,612 (22.95%)
1 BR $3.54 $3,013 $2,952 (2.07%) $2,007 (50.16%)
2 BR $3.40 $3,980 $3,643 (9.24%) $3,010 (32.24%)
3 BR $3.67 $6,750 $5,312 (27.06%) $4,540 (48.68%)
4+ BR $4.14 $12,500 $8,100 (54.32%) $9,250 (35.14%)

Historical Rents in Central LA, Los Angeles, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Central LA

There are a total of 15 cities nearby Central LA. The average rent in Central LA is currently $4,800 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,686, is the most affordable city nearby. In contrast, the most expensive city near Central LA, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $30,000 per month.

Let's compare Central LA, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Central LA, Los Angeles, CA is 4.64% more affordable than other cities nearby. One bedrooms are about 1.84% more expensive. Two bedrooms in Central LA, Los Angeles, CA are about 2.50% more expensive. Finally, rent for three bedrooms are about 16.10% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Central LA, Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $2,009 $2,571 $3,363 $2,686
Long Beach, CA $2,350 $2,225 $2,868 $2,708
Huntington Beach, CA $2,349 $2,700 $3,408 $3,575
Irvine, CA $2,416 $2,774 $3,794 $4,298
Los Angeles, CA $2,200 $2,876 $4,095 $4,800
Santa Monica, CA $2,928 $3,173 $6,035 $5,888
Newport Beach, CA $1,844 $2,122 $4,395 $5,950
West Hollywood, CA $3,025 $3,075 $6,600 $6,268
Beverly Hills, CA $2,195 $3,623 $6,000 $10,800
Malibu, CA $6,998 $8,700 $8,000 $30,000

Top Neighborhoods Near Central LA

There are a total of 17 neighborhoods in or near Central LA. Some of these neighborhoods include Historic Cultural, Wilshire Center - Koreatown, and Irvine Business Complex. We've included all of these top 17 neighborhoods in or near Central LA, Los Angeles, CA in the following chart.

The average rent for these 17 neighborhoods in or near Central LA, Los Angeles, CA is currently around $5,400 per month. A total of 6 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $5,400. Interestingly, the neighborhoods' average rent is higher than Central LA's average rent, which is only $4,025. Out of all the neighborhoods in or near Central LA, Historic Cultural has the most affordable average rent at $2,533 per month. Whereas, at $19,500 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near Central LA. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Historic Cultural, Los Angeles, CA $2,062 $2,394 $3,232 $2,533
Wilshire Center - Koreatown, Los Angeles, CA $2,093 $2,315 $3,170 $2,711
Irvine Business Complex, Irvine, CA $2,422 $2,774 $3,831 $3,155
Downtown Los Angeles, Los Angeles, CA $2,183 $2,879 $4,675 $3,204
Westchester-Playa Del Rey, Los Angeles, CA $2,277 $2,807 $3,945 $3,797
Marina del Rey, Los Angeles, CA $2,467 $2,973 $4,026 $3,895
Woodland Hills-Warner Center, Los Angeles, CA N/A $2,429 $3,050 $4,450
Westwood, Los Angeles, CA $3,295 $3,998 $5,000 $5,295
Venice, Los Angeles, CA $2,230 $3,319 $4,909 $5,400
Brentwood, Los Angeles, CA $3,025 $3,295 $5,048 $6,495
Mid-City West, Los Angeles, CA $2,200 $3,300 $5,998 $6,725
Hollywood Hills West, Los Angeles, CA $1,926 $2,600 $4,293 $7,300
Sherman Oaks, Los Angeles, CA $2,021 $2,120 $3,500 $7,495
The Village, Laguna Beach, CA $3,250 $7,500 $9,000 $8,150
Westside, Los Angeles, CA $2,600 $3,750 $11,900 $8,325
Pacific Palisades, Los Angeles, CA N/A $3,198 $6,400 $18,250
Bel Air-Beverly Crest, Los Angeles, CA N/A $3,650 $7,500 $19,500

Top Counties Near Central LA

There are a total of 17 counties located by Central LA, 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. The county that is the most affordable is Ventura, CA. It's average rent per month is $4,200. Vice versa, with an average rent of $4,500, Los Angeles, CA is the most expensive county by Central LA, Los Angeles, CA.

Typically, rent for studios in Central LA, Los Angeles, CA is 1.67% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Central LA, Los Angeles, CA is 5.47% more expensive than other counties nearby. Finally, rent for two bedrooms in Central LA, Los Angeles, CA is 17.86% 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 $2,478 $3,450 $4,200
Orange, CA $2,067 $2,600 $3,425 $4,300
Los Angeles, CA $2,190 $2,700 $3,800 $4,500

Top Zipcodes Near Central LA

There are a total of 18 zipcodes in or near Central LA, Los Angeles, CA. The average rent for all of these zipcodes is $6,245. A total of 5 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 $2,235 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 $2,215. 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 Central LA, Los Angeles, CA is $3,133 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,973 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in Central LA, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
90068, Los Angeles, CA N/A $3,175 $4,998 $9,947
90046, Los Angeles, CA $1,902 $2,850 $6,250 $7,499
90048, Los Angeles, CA $2,200 $3,300 $5,870 $6,775
90069, Los Angeles, CA $3,299 $3,500 $6,800 $7,999
90210, Los Angeles, CA N/A $4,500 $11,800 $24,500
90024, Los Angeles, CA $3,295 $4,000 $4,948 $5,363
90049, Los Angeles, CA $3,025 $3,223 $5,395 $6,495
90292, Marina del Rey, CA $2,230 $3,091 $4,124 $3,870
90291, Los Angeles, CA $2,900 $5,123 $5,875 $6,800
90265, Los Angeles County, CA $6,998 $8,700 $8,248 $26,000

Frequently Asked Questions - Central LA Average Rents

What is the average rent price in Central LA, Los Angeles, CA?
The average monthly rental price for Central LA, Los Angeles, CA apartments for rent is approximately $4,025. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Central LA, 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 Central LA, Los Angeles, CA.
How much is a studio apartment in Central LA, Los Angeles, CA?
The average monthly rental price for studio apartments is $2,102 and an average price per square feet of $3.72. There are a total of 64 studio apartment listings currently available for rent in Central LA.
How much is a one bedroom apartment in Central LA, Los Angeles, CA?
The average monthly rental price for one bedroom apartments is $2,750 and an average price per square feet of $3.54. There are a total of 155 one bedroom apartment listings currently available for rent in Central LA.
How much is a two bedroom apartment in Central LA, Los Angeles, CA?
The average monthly rental price for two bedroom apartments is $4,200 and an average price per square feet of $3.40. There are a total of 181 two bedroom apartment listings currently available for rent in Central LA.
How have rent prices in Central LA, Los Angeles, CA changed this year?
Rent prices for rentals in Central LA, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.31%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by 0.27% year-over-year.
What is a reasonable rent price in Central LA, Los Angeles, CA?
A reasonable rent price in Central LA, Los Angeles, CA is around $3,220/month. You can search for these reasonably priced rental listings on RentHop.
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