The Los Angeles rental market reflects the city's robust economy and high cost of living. The average rent for a one-bedroom apartment in Los Angeles is $2,439, with median rents slightly lower at $2,351. These figures indicate a competitive market driven by strong demand.
Rental prices in Los Angeles have seen some fluctuation. The median rent price for August 2024 is $2,795, which represents a decrease of $205 compared to August 2023. This slight cooling in the market may provide some relief for renters.
Housing options in Los Angeles range from modest apartments to luxury residences. Houses for rent in the city are considerably more expensive, with an average monthly cost of $5,000. This price difference highlights the premium placed on single-family homes in the area.
At Urban LA Living we keep our apartments affordable. Check here to see our available apartments.