DataMarkets & Economy

Apartment List releases report on LA rent trends

Westwood continues to be city's most expensive neighborhood
  • L.A. rents decreased by 0.4 percent in September on a monthly basis but are still 3.1 percent higher than they were during the same month last year.
  • L.A. was the metro's most expensive city for renters in September. Pasadena trailed right behind.
  • The most expensive neighborhood for renters in L.A. was Westwood, with rents at $4,170 for a two-bedroom.

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Apartment List recently released its latest rent report for Los Angeles, finding rents here decreased by 0.4 percent from August to September.

Local, statewide trends

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L.A. rents decreased by 0.4 percent in September on a monthly basis but are still 3.1 percent higher than they were during the same month last year. Median rent prices here were at $2,630 for a two-bedroom apartment and $1,190 for a one-bedroom last month.

Metro trends

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L.A. was the metro’s most expensive city for renters in September. Pasadena trailed right behind, with median rent prices at $2,620 for a two-bedroom and $2,050 for a one-bedroom apartment. Rents in Pasadena were 5.9 percent higher than they were last year. Irvine was third, with two-bedroom apartments renting for $2,490.

Most expensive neighborhood

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The most expensive neighborhood for renters in L.A. was Westwood, with rents at $4,170 for a two-bedroom and $3,160 for a one-bedroom in September. The second most expensive was Marina Del Ray, with two-bedrooms at $3,730.

 

For methodology and data for other neighborhoods and cities in Los Angeles and the L.A. 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.