Rental Market Trends in Los Angeles

Are you planning a move to Los Angeles and unclear about the average rental price in the city you're interested in? Don't worry, we'll provide you with the market trends of this city. We hope this information helps you find your home of choice!

Average Rent in Los Angeles

Last updated on July 2024
Avg.rent
$3113 /mo
Avg.apartment size
822 Sq.Ft

1. Average Rent For Different Apartment Types

As of July 2024, the average rent in Los Angeles was $3113/month.When you rent an apartment in Los Angeles, you can expect to pay as little as $1,894 to as much as $2,492, depending on the location and size of the apartment.
Apartment TypeAvg RentAverage Sq.FtAnnual Change
Studio
$2089/month
485 Sq.Ft
-7.1%
1 Bedroom
$2564/month
639 Sq.Ft
-8.4%
2 Bedrooms
$3966/month
1093 Sq.Ft
-3.7%
3 Bedrooms
$4824/month
1446 Sq.Ft
-9.3%

2. Market Trends Over Time

In the past year, rent has reduced by 4.23%, which averages out to $137 less per month.

Median rents trends in Los Angeles

Rent by Neighborhood

Last updated today
NeighborhoodAvg RentAverage Sq.FtAnnual Change
DTLA
$2,469/month
487 Sq.Ft
+4.9%
Hollywood
$2,082/month
519 Sq.Ft
-3.9%
Koreatown
$1,957/month
510 Sq.Ft
-12.1%
USC
$1,902/month
428 Sq.Ft
-15.1%
West LA
$2,361/month
399 Sq.Ft
-8.1%
We ensure the accuracy and transparency of our data
Our relies on big data and artificial intelligence to summarize and summarize this rental data. We combine this data with public record to provide the most up-to-date rental information available.
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