Apartments for Rent in PICO, Los Angeles, CA

PICO, Los Angeles apartment availability

PICO's rental market offers a strong selection of listings, with an average of 162 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments offer desirable amenities, including in-unit laundry, dishwashers, and air conditioning. Specifically, 57% of PICO apartments feature in-unit laundry, while 48% have dishwashers and 43% have air conditioning. With its varied housing options and convenient amenities, PICO is a neighborhood worth considering for renters.

PICO, Los Angeles rental market trends

The PICO neighborhood in Los Angeles saw a decline in average rent prices by about 4% last year, with the average monthly rent for all bed counts and property types settling at around $3,551. Breaking it down by bed count, 1-bedrooms averaged $2,553 per month, a slight increase of 0.5% from the previous year. The average rent for a 2-bedroom was about $3,703, while studios averaged $2,213.

Rent prices in PICO tend to fluctuate throughout the year, with October typically seeing the highest rent prices, about 14% higher than the lowest point in May. If you're looking for a new apartment, May might be a good time to find a deal. On the other hand, if you're looking to rent out a property, October may be the best time to capitalize on the higher demand. It's worth noting that the most significant annual increase was seen in 3-bedroom apartments, with an 11.8% jump in average rent.

Why PICO, Los Angeles is a great place to live

We've analyzed data from the PICO neighborhood in Los Angeles to understand what makes it an attractive place to live. Our findings suggest that PICO is a great fit for pet owners and those who value an active social life.

With features like pet waste stations, designated pet spaces, pet-safe windows, and dog parks, PICO makes pet ownership easy and convenient. The neighborhood also hosts pet-friendly events, has outdoor spaces, and imposes no breed restrictions, making it an ideal location for pet lovers.

Additionally, PICO's high walk score, diverse neighborhood age distribution, frequent transit options, well-maintained street infrastructure, and emphasis on safety make it perfect for those who enjoy going out and exploring their community. If you're looking for a neighborhood that caters to both you and your furry friends, PICO is definitely worth considering.