Average Rent in Downtown Pasadena, Pasadena, CA

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Current Versus Historical Downtown Pasadena, Pasadena, CA Rents

Downtown Pasadena rentals average $2,840 for a 1-bedroom rental to $3,598 for a 2-bedroom rental. The median price of all currently available listings is $3,474, or roughly $4 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $187 (-8.00%) year-over-year from $2,337 to $2,150. 1-bedroom rentals prices have decreased by $313 (-11.64%) year-over-year from $2,685 to $2,373. 2-bedroom rentals prices have decreased by $332 (-9.21%) year-over-year from $3,607 to $3,275. 3-bedroom rentals prices have decreased by $3,364 (-50.48%) year-over-year from $6,664 to $3,300. 4-bedroom rentals prices have decreased by $3,214 (-34.88%) year-over-year from $9,214 to $6,000. 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 down by 4.88% this month. 1-bedroom rents have gone down by 6.14% this month. 2-bedroom rents have gone down by 3.76% this month. 3-bedroom rents have gone down by 6.38% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$4.56	$2,373	$2,685 (-11.64%)	$2,349 (1.00%)
2 BR	$3.57	$3,275	$3,607 (-9.21%)	$3,103 (5.54%)

Historical Rents in Downtown Pasadena, Pasadena, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Pasadena

There are a total of 1 cities nearby Downtown Pasadena. The average rent in Downtown Pasadena is currently $2,963 per month. Only one city nearby has an average rent lower than that. Our records show that Glendale, CA, with an average rent of $2,963, is the most affordable city nearby. In contrast, the most expensive city near Downtown Pasadena, Pasadena, CA is Glendale, CA. Monthly rents here are on average $2,963 per month.

Let's compare Downtown Pasadena, Pasadena, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Pasadena, Pasadena, CA is inf% more affordable than other cities nearby. One bedrooms are about 26.06% more expensive. Two bedrooms in Downtown Pasadena, Pasadena, CA are about 17.66% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 1 cities near Downtown Pasadena, Pasadena, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Glendale, CA	$2,118	$2,100	$2,963	$2,963

Top Neighborhoods Near Downtown Pasadena

There are a total of 3 neighborhoods in or near Downtown Pasadena. Some of these neighborhoods include Wilshire Center - Koreatown, Historic Cultural, and Downtown Los Angeles. We've included all of these top 3 neighborhoods in or near Downtown Pasadena, Pasadena, CA in the following chart.

The average rent for these 3 neighborhoods in or near Downtown Pasadena, Pasadena, CA is currently around $2,473 per month. A total of 3 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Downtown Pasadena, Wilshire Center - Koreatown has the most affordable average rent at $2,470 per month. Whereas, at $3,208 average rent per month, Downtown Los Angeles is the most expensive neighborhood in or near Downtown Pasadena. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Wilshire Center - Koreatown, Los Angeles, CA	$1,828	$2,340	$2,924	$2,470
Historic Cultural, Los Angeles, CA	$1,977	$2,443	$3,002	$2,473
Downtown Los Angeles, Los Angeles, CA	$2,170	$2,879	$3,980	$3,208

Top Counties Near Downtown Pasadena

There are a total of 3 counties located by Downtown Pasadena, Pasadena, CA. The average rent for rentals in these counties is $4,000. That's roughly around $3 per sqft. The county that is the most affordable is Los Angeles, CA. It's average rent per month is $4,000. Vice versa, with an average rent of $4,000, Los Angeles, CA is the most expensive county by Downtown Pasadena, Pasadena, CA.

Typically, rent for studios in Downtown Pasadena, Pasadena, CA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Downtown Pasadena, Pasadena, CA is 11.80% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Pasadena, Pasadena, CA is 2.70% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Los Angeles, CA	$1,995	$2,505	$3,695	$4,000

Top Zipcodes Near Downtown Pasadena

There are a total of 3 zipcodes in or near Downtown Pasadena, Pasadena, CA. The average rent for all of these zipcodes is $3,250. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 90028, Los Angeles, CA at $3,151 per month. In comparison, the zipcode with the most expensive average rent of $9,947 per month is 90068, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,050. 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 Downtown Pasadena, Pasadena, CA is $2,409 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,950 per month. Which comes out to $3 per sqft. The following chart includes the top 3 zipcodes in Downtown Pasadena, Pasadena, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
90017, Los Angeles, CA	$2,150	$2,409	$3,950	$3,250
90068, Los Angeles, CA	N/A	$2,748	$5,000	$9,947
90028, Los Angeles, CA	$2,050	$2,310	$3,895	$3,151

Frequently Asked Questions - Downtown Pasadena Average Rents

What is the average rent price in Downtown Pasadena, Pasadena, CA?

The average monthly rental price for Downtown Pasadena, Pasadena, CA apartments for rent is approximately $3,474. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Pasadena, Pasadena, 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 Downtown Pasadena, Pasadena, CA.

How much is a studio apartment in Downtown Pasadena, Pasadena, CA?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Downtown Pasadena.

How much is a one bedroom apartment in Downtown Pasadena, Pasadena, CA?

The average monthly rental price for one bedroom apartments is $2,840 and an average price per square feet of $4.56. There are a total of 3 one bedroom apartment listings currently available for rent in Downtown Pasadena.

How much is a two bedroom apartment in Downtown Pasadena, Pasadena, CA?

The average monthly rental price for two bedroom apartments is $3,598 and an average price per square feet of $3.57. There are a total of 5 two bedroom apartment listings currently available for rent in Downtown Pasadena.

How have rent prices in Downtown Pasadena, Pasadena, CA changed this year?

Rent prices for rentals in Downtown Pasadena, Pasadena, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by -0.50% year-over-year.

What is a reasonable rent price in Downtown Pasadena, Pasadena, CA?

A reasonable rent price in Downtown Pasadena, Pasadena, CA is around $2,779/month. You can search for these reasonably priced rental listings on RentHop.