Rounding out the top 5 markets, Los Angeles ranked as the 5th most expensive city in the nation with one and two bedroom rents settling at $2,410 and $3,240, respectively, last month. Notably, on a year over year basis, one bedroom rent is up 9.5%.
While Congress Southwest and Silver Lake had the fastest growing rents since last quarter, up 13% and 12%, respectively, Bel Air – Beverly Crest and Beverly Hills took the biggest rent dips, both down around 8%.
This winter on our map, Santa Monica and Venice were tied for the area with the most expensive rents, both with one bedrooms priced at $3,000. Downtown Los Angeles, Westwood, and Beverly Hills were also other notably pricy areas with rents tied at $2,600.
More affordable rentals priced around $2,000 could be found in Culver City, PICO, and Greater Griffith Park.
Meanwhile, Central Alameda dropped below Florence – Graham to become the most affordable Los Angeles neighborhood.
If you want to see how rent in Los Angeles compares with the rest of the nation’s, view our National Rent Report for December, 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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