#apartments for rent in los angeles
Welcome to the September 2016 Los Angeles Rent Report. Median rent prices in LA are double those of the national median and continue to rise. In this report, we’ll evaluate trends across the metro, including variations between cities and neighborhoods.
September 2016 Los Angeles Rent Report
September 2016 Los Angeles Rent Report
Los Angeles rents grew by 0.5% over the past month
LA rents increased by 0.5% between July and August, and are up 2.6% over the last year. A 1-bedroom in LA has a median rent of $1,950, while 2-bedrooms cost $2,600.
Pasadena surpasses LA as most-expensive metro city
- Pasadena: Pasadena takes 1st place for both rent growth and rent prices among LA metro cities. 2-bedrooms in Pasadena have a median price of $2,630, and 1-bedrooms run $2,060. Rents in Pasadena have grown by 6.6% in the past year, though rent growth was flat over the past month.
- Irvine: Irvine is the 3rd most expensive city for renters in the LA metro. 2-bedrooms in Irvine cost $2,440, and 1-beds have a median price of $1,900.
- Long Beach: Long Beach has the 6th highest rents in the LA metro. A 2-bedroom costs $2,020, with 1-bedrooms running $1,410. Rents increased by 5.2% over the past year.
Venice is Los Angeles’ most expensive neighborhood for renters
- Venice: Venice moves into 1st place for highest rents. 2-bedrooms in Venice rent for $5,200, and 1-bedrooms cost $3,280. Rent prices grew by 1.1% between July and August.
- Westwood: Westwood is the 2nd most expensive neighborhood for LA renters. 2-bedrooms there have a median rent of $4,200, while 1-bedrooms go for $3,000.
- Valley Village: Valley Village shows the most rent growth of any Los Angeles neighborhood, up 6.0% year-over-year. 2-bedrooms there cost $2,450, with 1-bedrooms going for $1,810.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link .
Median 1 BR price
Overview of Findings
Apartment List has released results for Los Angeles from the second annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 30,000 renters, provides insight into what states and cities must do to meet the needs of the 105 million American renters nationwide.
“Los Angeles renters are generally dissatisfied with the city overall, with most renters giving below average or significantly below average scores across the board,” says Andrew Woo, Director of Data Science at Apartment List. “With rents rising significantly in coastal cities especially, it comes as no surprise that cost of living is a source of dissatisfaction here.”
Key findings in Los Angeles include the following:
- Los Angeles renters give their city a C overall for satisfaction.
- The highest-rated category for the City of Angels was weather (A-).
- Renters here are somewhat satisfied with local jobs and career opportunities (C+), access to public transit (C+), and safety (C-).
- The largest causes for dissatisfaction are the quality of local schools (D) and affordability/cost of living (D).
- Compared to renters who are parents, millennials are more satisfied with Los Angeles, giving the city a C. Renters who are parents gave the city an F.
- Los Angeles did better than some California cities such as Sacramento (C-) and San Jose (C-), but paled in comparison to others like San Diego (A-) and San Francisco (A-).
- The top rated cities nationwide for renter satisfaction included Arlington, VA; Lincoln, NE; Pasadena, CA; Boston, MA; and Madison, WI. The lowest rated cities included Newark, NJ; Bronx, NY; Bridgeport, CT; Baltimore, MD; and Salinas, CA.
- “I love that there’s so much to do here. The beach is very close; mountains are close as well. The nightlife is great.” —Anon.
- “Infrastructure wasn’t made to accommodate the millions of people living here now, so roads are clogged, affordable apartments are hard to find, and parking is an unholy nightmare. The kind of people that live here, though, are so much friendlier than where I grew up. The weather is amazing, and there’s always so much to do! I love LA, even if it’s got some major issues.” —Jennifer H.
- “The traffic really sucks, but it’s only this way because everyone wants to live here, so I’ve come to terms with it.” —Bethany
- “I love the city because the weather is perfect and there is so much to do. I however do not like my current neighborhood because of crime and feeling unsafe.” —Shannon S.