• 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
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
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