A new analysis from rental listing website Zumper ranks Los Angeles as the sixth priciest rental market nationwide, tied with Oakland and behind San Francisco, New York, Boston, San Jose, and Washington D.C.
Zumper looked at 1 million active listing in 100 U.S. cities, and it found the average LA rent for a one-bedroom is $2,000. (The website has about 22,7000 active listings per month in LA). Comparatively, that might seem reasonable to San Francisco, where the median rent for a one-bedroom is $3,270—higher than any other U.S. city.
But other studies have shown Los Angeles is actually very unaffordable, because about half of the residents in the metro area here don’t earn enough money to keep up with the cost of rent.
In its analysis, Zumper looked the city of Los Angeles, in neighborhoods far north as Chatsworth, south Northwest San Pedro, and west to Venice. It did not include such incorporated cities as Santa Monica, West Hollywood, Pasadena, and Beverly Hills.
It also did not include Long Beach, which was analyzed separately and jumped two spots in Zumper’s rankings. With the median rent for a one-bedroom costing $1,400, Long Beach is now the 16th priciest rental market in the country.