Average Rent in Los Angeles, CA

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Current Versus Historical Los Angeles, CA Rents

Los Angeles rentals average $2,194 for a studio rental to $3,867 for a 3-bedroom rental. The median price of all currently available listings is $2,953, or roughly $4 per square feet.
For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $85 (5.18%) year-over-year from $1,640 to $1,725. 1-bedroom rentals prices have increased by $888 (37.24%) year-over-year from $2,383 to $3,271. 2-bedroom rentals prices have increased by $393 (11.82%) year-over-year from $3,323 to $3,716. 3-bedroom rentals prices have increased by $298 (6.22%) year-over-year from $4,783 to $5,081. 4-bedroom rentals prices have decreased by $2,747 (-38.87%) year-over-year from $7,067 to $4,320. 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 2.25% this month. 1-bedroom rents have gone up by 10.72% this month. 2-bedroom rents have gone up by 1.24% this month. 3-bedroom rents have gone down by 1.85% this month. 4-bedroom rents have gone down by 46.71% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.17 $1,725 $1,640 (5.18%) $1,597 (8.04%)
1 BR $3.81 $3,271 $2,383 (37.24%) $1,962 (66.75%)
2 BR $3.18 $3,716 $3,323 (11.82%) $2,847 (30.54%)
3 BR $2.72 $5,081 $4,783 (6.22%) $4,100 (23.94%)

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 3 cities nearby Los Angeles. The average rent in Los Angeles is currently $2,663 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Newport Beach, CA, with an average rent of $2,194, is the most affordable city nearby. In contrast, the most expensive city near Los Angeles, CA is Huntington Beach, CA. Monthly rents here are on average $3,062 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 5.13% more expensive than other cities nearby. One bedrooms are about 8.00% more expensive. Two bedrooms in Los Angeles, CA are about 12.90% more expensive. Finally, rent for three bedrooms are about 11.74% more affordable. Want more information? Check out the top 3 cities near Los Angeles, CA in the following chart.
City Studio 1 Bed 2 Bed All
Newport Beach, CA $1,883 $2,218 $2,878 $2,194
Costa Mesa, CA $2,082 $2,517 $3,213 $2,663
Huntington Beach, CA $2,374 $2,853 $3,517 $3,062

Top Neighborhoods Near Los Angeles

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

The average rent for these 3 neighborhoods in or near Los Angeles, CA is currently around $2,905 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Los Angeles, Wilshire Center - Koreatown has the most affordable average rent at $2,584 per month. Whereas, at $3,257 average rent per month, Venice is the most expensive neighborhood in or near Los Angeles. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Wilshire Center - Koreatown, Los Angeles, CA $2,225 $2,461 $3,301 $2,584
Mesa Verde, Costa Mesa, CA $2,095 $2,594 $3,375 $2,905
Venice, Los Angeles, CA $2,209 $3,125 $3,894 $3,257

Top Counties Near Los Angeles

There are a total of 3 counties located by Los Angeles, CA. The average rent for rentals in these counties is $2,787. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Orange, CA. It's average rent per month is $2,706. Vice versa, with an average rent of $2,868, Los Angeles, CA is the most expensive county by Los Angeles, CA.

Typically, rent for studios in Los Angeles, CA is 3.10% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Los Angeles, CA is 6.08% more expensive than other counties nearby. Finally, rent for two bedrooms in Los Angeles, CA is 9.34% more expensive than other counties nearby. We've listed the top 2 counties in the chart below.
County Studio 1 Bed 2 Bed All
Orange, CA $2,043 $2,533 $3,213 $2,706
Los Angeles, CA $2,209 $2,607 $3,476 $2,868

Top Zipcodes Near Los Angeles

There are a total of 3 zipcodes in or near Los Angeles, CA. The average rent for all of these zipcodes is $2,663. 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 92663, Newport Beach, CA at $2,194 per month. In comparison, the zipcode with the most expensive average rent of $3,399 per month is 90292, Marina del Rey, CA.

Studios in these zipcodes have an average rent of $2,082. That's at least $5 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 $2,517 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,213 per month. Which comes out to $3 per sqft. The following chart includes the top 3 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
92663, Newport Beach, CA $1,883 $2,218 $2,878 $2,194
90292, Marina del Rey, CA $2,202 $2,979 $3,908 $3,399
92626, Costa Mesa, CA $2,082 $2,517 $3,213 $2,663

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 $2,953. 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 $2,194 and an average price per square feet of $4.17. There are a total of 53 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 $2,736 and an average price per square feet of $3.81. There are a total of 155 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 $3,689 and an average price per square feet of $3.18. There are a total of 119 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 0.05%, one bedroom rental prices have changed by 0.37%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in Los Angeles, CA?
A reasonable rent price in Los Angeles, CA is around $2,362/month. You can search for these reasonably priced rental listings on RentHop.
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