Mapping the Cheapest and Most Expensive Places to Rent in Los Angeles Right Now
Off a recent jump to the fifth most expensive rental market in the US, Los Angeles’ overall median rent for 1-bedroom apartment increased 2.9% to a new high of $1,800.
Santa Monica maintained the top spot in the city at $2,800, with Marina del Rey and Bel Air coming in second and third, at $2,600 and $2,500, respectively. The hottest hoods in January included Hollywood United, up 8.3% to $1,950, West Hollywood, up 5.4% to $1,950, and Westwood up 4.8% to $2,200.
On the flip side, neighborhoods in decline were the Pacific Palisades dropping 8% to $2,300, and Brentwood, down 3.5% to $1,930.
From Curbed LA:
Los Angeles has entered the age of rental bidding wars, but exactly how bad are rents looking out there? The folks at Zumper have put together this heatmap to illustrate the median rent for one-bedrooms in January: it's not New York dire, but it might warrant a sharp intake of breath or two. The most expensive one-bedroom rents are, duh, on the Westside, with Marina del Rey coming in at $2,600 and Santa Monica at a staggering $2,800. For a one-bedroom! Downtown is also surprisingly pricey with a median of $2,390. And bidding-war-plagued Atwater Village seems practically affordable at $1,650.