Although Los Angeles rent prices remained fairly stable last month, the city jumped ahead of Chicago to become the 7th most expensive market in the nation. Prices for one bedroom units stayed flat at $1,900 and two bedroom units grew 2.2% to a median of $2,760.
Based on these numbers, Santa Monica ($3,000), Downtown Los Angeles ($2,850), and Westwood ($2,740) were the most expensive Los Angeles neighborhoods for renters this winter. Beachfront Venice ($2,730), Westchester – Playa Del Rey ($2,100), and Pacific Palisades ($2,550) were also notably pricy as well. The most affordable areas, all under $1,000, were located in the south east portion of the city, including Florence – Graham, Central Alameda, and Voices of 90037.
If you’re interested in seeing how Los Angeles stacks up to the rest of the United States, view our National Rent Report for March, 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 over 7,800 apartments for rent in Los Angeles on Zumper.
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