Experts already predicted that rents were up big-time in Los Angeles this year, but a new map out from rental listings site Zumper illustrates the details of the painful truth, showing how the median rents for one-bedrooms increased over the last year across LA's neighborhoods. Citywide, they rose 11.6 percent. Zumper found that only four 'hoods saw decreases in rents this year—all four were already pricey, so it's not like the drops have created any great deals: Pacific Palisades's one-bedrooms, for example, dropped 7.2 percent, down to $2,320. (It's still the twelfth most expensive neighborhood in LA, says Zumper.)
Also seeing declining rents: Bel Air/Beverly Crest, where the one-bedroom median went down 11.5 percent to a still hearty $2,300. The Culver City median dipped 5.2 percent to $1,930 and Hollywood Hills West (the section of the Hills that contains neighborhoods like Laurel Canyon and Mt. Olympus) slipped down 2.2 percent to $1,820.
Everywhere else saw a rise in the one-bedroom median rent. The three neighborhoods with the biggest increases were Santa Monica (up 17 percent), Downtown (up 15.7 percent), and Westwood (up 15 percent). A huge chunk of South LA, including neighborhoods like Ladera Heights and View Park/Windsor Hills also saw a large increase in rents—at least 15 percent, the color-coded map indicates. Unfortunately, the map doesn't include the San Fernando Valley, but apparently the normally-cheaper rents out in the Valley are rising fast too.
The full map:
· LA Rent Prices Increased 11.6% In 2015 [Zumper]
· Los Angeles Rent Increases Set to Double Inflation For 2015 [Curbed LA]