Rent prices in Los Angeles continued to increase this summer, as the city maintained position as the 9th most expensive market in the country, inching closer to 8th place Miami on our list of rent prices across the United States. In the past year alone, asking rents have jumped 7% for one bedrooms and 9.1% for two bedrooms.
August median prices for a one bedroom were $1,830, while two bedrooms were $2,640. At a neighborhood level, prices tended to skew higher toward the north and west sides of the city. Downtown Santa Monica was again the most expensive area at $3,220 for a one bedroom, followed by Ocean Park ($3,120), Venice ($2,650), and the Pacific Palisades ($2,510). More affordable prices were found toward the south, including neighborhoods such as South Central LA, Congress West, and Central Alameda.

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