Apartments for Rent in MacArthur Park, Los Angeles, CA

MacArthur Park, Los Angeles apartment availability

MacArthur Park's rental market offers a good selection of listings, with an average of 139 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Studios are particularly prevalent, making up a significant portion of the available rentals. Many apartments in MacArthur Park offer convenient amenities, including on-site laundry, which is available in 61% of rentals. Additionally, over 56% of apartments are pet-friendly, allowing small pets, making this neighborhood a great option for renters with furry companions.

MacArthur Park, Los Angeles rental market trends

The MacArthur Park rental market in Los Angeles saw a significant decrease in average rent prices over the past year, with a 12.7% drop to $1,808 per month. Breaking it down by bedroom count, 1-bedrooms average $2,064 per month, a decrease of 8.2% from the previous year. The average rent for 2-bedrooms is $2,605, while studios average $1,371 per month.

In MacArthur Park, the highest rent prices are typically found in January, with a 26.5% increase compared to the lowest month, September. This suggests that renters may find better deals during the fall season. In terms of competition, the market is less crowded during the winter months, making it a potentially good time to find a new apartment. Overall, the MacArthur Park rental market is experiencing a downward trend in rent prices, making it a more affordable option for renters.

Why MacArthur Park, Los Angeles is a great place to live

MacArthur Park is a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's focus on eco-friendliness is reflected in its use of sustainable materials in construction, waste recycling and composting programs, and community solar projects. Residents can also enjoy the nearby parks and recreation areas. With a high walk score and transit frequency, getting around without a car is easy, making it simple to meet up with friends at local restaurants or explore the neighborhood. The area's attention to environmental details, such as low-flow fixtures and non-toxic paint, further enhance its appeal to those seeking a sustainable lifestyle. Overall, MacArthur Park offers an ideal blend of social convenience and eco-awareness.