• Over the past month, L.A. rents increased by 0.5 percent, leading to a year-over-year growth rate of 2.6 percent in August.
  • Pasadena rents outpaced those of L.A. in August, giving it the highest rents in the metro.
  • Venice took the lead as L.A.'s most expensive neighborhood for renters in August.

Apartment List recently released its September rent report for Los Angeles, finding rents grew by 0.5 percent from July to August.

Annual growthLos Angeles rent growth

Over the past month, L.A. rents increased by 0.5 percent, leading to a year-over-year growth rate of 2.6 percent in August. Median rents here were at $2,600 for a two-bedroom and $1,950 for a one-bedroom in August, making L.A. the third most expensive city for renters in California.

Most expensive in the metro

metro Los Angeles rent growth

Pasadena rents outpaced those of L.A. in August, giving it the highest rents in the metro. A two-bedroom in Pasadena costed $2,630 to rent, while a two-bedroom in L.A. was $2,600. One-bedroom prices for both cities are at $2,060 and $1,950, respectively.

Most expensive neighborhoods

Los Angeles rent growth

Venice took the lead as L.A.’s most expensive neighborhood for renters in August, with an outrageous median rent price of $5,200 for a two-bedroom. The neighborhood’s median rent grew by 1.1 percent in the past month, putting it ahead of Westwood for most expensive. Westwood was at $4,200 for a two-bedroom in August.

 

For methodology and data for other neighborhoods and cities in the Los Angeles metro, see Apartment List’s full report.

Yuki Graviet Knapp is a Content Marketing Associate with the Growth Team at Apartment List and is a resident of the Bay Area.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription