Moving up one spot last month to outpace Boston, Los Angeles ranked as the 4th most expensive rental market in the nation with one and two bedroom prices settling at $2,320 and $3,200, respectively. Notably, one bedroom rent here is up nearly 8% since this time last year.
While Pico Union and Central Alameda had the fastest growing rents last quarter, up 15% and 14%, respectively, Silver Lake and took the biggest rent dip, down over 13%.
Though the coastal areas continued to rank as the priciest on our map this summer, Beverly Hills, Bel Air – Beverly Crest, and Westwood were notably expensive neighborhoods as well, all priced at $2,700 or more. Rentals priced closer to the city median of $2,320 could be found in West Hollywood, Westside, and Historic Cultural.
The least expensive neighborhoods were Florence Graham ($1,210) and Congress Southwest ($1,200).
If you want to see how rent in Los Angeles compares with the rest of the nation’s, view our National Rent Report for September, 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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