Coming ahead of Boston, Oakland, and Washington D.C., Los Angeles ranked as the 4th most expensive rental market in the nation. One bedroom rent grew 1.7% to $2,340, while two bedrooms increased 1.5% to $3,290. Notably, on a year over year basis, one bedroom rent is up 10%.
While South Robertson and Rampart Village had the fastest growing prices last quarter, both up over 9%, Florence-Graham took the biggest rent dip, down 8%.
Coastal Santa Monica, Venice, and Marina del Rey ranked as the most expensive areas with rents all on the cusp of breaking the $3,000 threshold. More affordable rentals, priced at $2,300 and under, could be found in Hollywood Hills West, Westside, and Silver Lake.
Meanwhile the most affordable neighborhoods were Central Alameda, South Central Los Angeles, 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 June, 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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