Coming ahead of Oakland, Washington D.C., and Seattle, Los Angeles ranked as the 5th most expensive rental market in the nation. One bedroom rent decreased 2.9% last month to $2,330, while two bedrooms fell 1.3% to $3,160. Though flat month to month, one bedroom rent is up around 6% on a year over year basis.
While Park Mesa Heights and Silver Lake had the fastest growing rents last quarter, both up around 12%, surprisingly, Westchester – Playa del Rey took the biggest rent dip, down over 10%.
Besides the waterfront areas, like Santa Monica, Venice, and Marina del Rey, which have remained, without a doubt, as the most expensive, Downtown Los Angeles ($2,745), Bel Air – Beverly Crest ($2,560), and Mid – City West ($2,550) were other notably pricy neighborhoods as well that were sprinkled throughout our map. More affordable, but still central, rentals priced under $1,800 could be found in Olympic Park, Mid City, and West Adams.
Meanwhile, the most affordable neighborhoods, priced under $1,300, could be found in the southeast portion of the city and included Central Alameda and Florence – Graham.
If you want to see how rent in Los Angeles compares with the rest of the nation’s, view our National Rent Report for March, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Twitter, Pinterest, and Instagram. In the market for a new place? Search all Los Angeles apartments for rent on Zumper.
For a more in-depth look into why and how we calculate our rental data, check out our methodology post here.
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