Apartments for Rent in Pico Union, Los Angeles, CA

Pico Union, Los Angeles apartment availability

Pico Union's rental market offers a good selection of listings, with an average of 107 rentals available each month in 2024. The neighborhood's inventory is diverse, featuring a mix of studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Many of these rentals cater to pet owners, with 39% allowing small pets and an additional 39% permitting pets with restrictions. On-site laundry is also a common amenity, available in 42% of apartments. With its varied housing options and pet-friendly features, Pico Union is a neighborhood worth considering for renters seeking convenience and flexibility.

Pico Union, Los Angeles rental market trends

Pico Union's rental market in 2024 has seen a slight decline in average rent prices, with a year-over-year decrease of 0.2% to $1,723 per month. Breaking it down by bed count, 1-bedrooms average $1,888, a 0.4% decrease, while 2-bedrooms rent for $2,526, a 3% decrease. However, 3-bedrooms have seen a 3.8% increase to $3,386. Studios have experienced a slight 0.8% increase to $1,432.

The most expensive month to rent in Pico Union is July, with prices 10.7% higher than in April, the least expensive month. This trend suggests that renters looking for a better deal should consider apartment hunting in the spring. With a relatively stable market and slight decreases in rent prices, Pico Union may offer more affordable options for renters compared to other areas in Los Angeles.

Why Pico Union, Los Angeles is a great place to live

Pico Union stands out as a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's vibrant social scene is supported by its abundance of restaurants, well-maintained street infrastructure, and high transit frequency, making it easy to get around and meet up with friends. Additionally, Pico Union's strong walk score and safety record contribute to its appeal for those who value an active, community-oriented lifestyle. For eco-conscious renters, Pico Union offers a range of environmentally friendly features, including the use of non-toxic paint, rainwater harvesting, and community solar projects. Many apartments in the area also incorporate sustainable materials and low-flow fixtures, making it an attractive option for those committed to reducing their environmental footprint.