If you're young, have some cash to burn, and don't mind tourists, Hollywood is a great rental neighborhood. There are tons of units to choose from--newer ones in the core of the neighborhood around Hollywood and Vine (and many more coming), older ones in smaller buildings further afield, and a few bungalows and duplexes. While rents are fairly high (median price for a studio is $1,288, according to rental site Lovely), renters can at least save money on transportation by taking the Red Line or any of several bus lines that serve the 'hood (and they'll want to; it's not too fun driving around there). There are also more and more amenities all the time: the Arclight, Hollywood & Highland, the Hollywood Farmers' Market, that massive Walgreens, Amoeba, the Academy's Oscar Outdoors and Pickford Center, the Palladium, the Hollywood Bowl, restaurants galore, and, of course, nightclubs for daaaays. Plus you can watch Spongebob scrap with Captain Jack Sparrow outside the Chinese pretty much any time you want. There isn't much green space, but there is all of Griffith Park just up the street and maybe one day they'll finally put that park on top of the 101. See below for all the stats on renting in Hollywood, plus some sample listings.
-- A charming studio near Sunset and Highland with no fridge, but laundry on-site. Rent is $925.
-- Big studio near Franklin and La Brea with hardwood floors and laundry on-site. Rent is $1,175.
-- A one-bedroom/one-bathroom at Santa Monica and Cole with hardwood floors and dishwasher. Rent is $1,449.
-- A one-bedroom, one-bathroom unit at Poinsettia Place (just above Sunset) with a fireplace, dishwasher, washer/dryer, and building amenities including a pool and gym. Rent is $1,890.
-- A two-bedroom in the fancy Lofts at Hollywood and Vine; comes with a Viking kitchen and shared amenities like a rooftop deck and 24-hour valet. Rent is $4,000.
· All Renters Week 2013 posts [Curbed LA]