As a recent report from rental website Zumper confirms, Los Angeles rents are among the highest in the nation. For two-bedroom units, in fact, only San Francisco and New York top LA’s median price point.
Keep that in mind as you take a look at this new map from Apartment List, showing how much two-bedrooms listed on its site go for in neighborhoods around the city. You may experience some sticker shock, with prices climbing past $6,000 per month in tony areas like Beverly Glen and Pacific Palisades.
Not every rental unit in the city is listed on Apartment List, so the data here is somewhat incomplete, but does give a good snapshot of pricing trends in different areas.
Venice, for instance, is continuing its recent transformation into one of the city’s most expensive neighborhoods; the median price there now stands at nearly $5,500.
Still, there are a few parts of town where better deals can be found. At $2,500 and $2,400, respectively, Echo Park and Westlake are still significantly less expensive than neighboring Downtown ($3,400) and Silver Lake ($3,170). Meanwhile, in Northeast LA neighborhoods like Eagle Rock and Montecito Heights, prices drop below $2,200.
For a real discount, renters can head to the Valley (sadly often excluded from these price maps). Two-bedrooms can be found in Tarzana, Reseda, Lake Balboa, and North Hills for $1,760 or less, and the lowest prices of all appear to be in Sun Valley-Sunland. The median price for a two-bedroom unit there is just $1,620, according to Apartment List’s data.
The site also finds that renters still aren’t all that fond of Los Angeles (which may or may not have something to do with those high prices). In the site’s most recent surveys, renters gave LA a C grade for overall satisfaction (the only category to score higher than a C-plus was the weather).
- May 2017 Los Angeles Rent Report [Apartment List]
- LA now has the nation’s fifth-highest rental prices [Curbed LA]
- Los Angeles renters aren’t crazy about Los Angeles [Curbed LA]
- LA’s cheapest and most expensive rental neighborhoods [Curbed LA]