According to our most recent national Rent report, Los Angeles ranked as the 6th most expensive city in the country with one and two bedroom prices settling at $2,200 and $3,200, respectively. On a year over year basis, rents for both bedroom types are up around 10%. Check out which neighborhood lead the pack in rental growth and which took the biggest price dip below.
Overall, the Los Angeles neighborhoods in the green were a minority compared to the plethora of areas with growing rental rates. Some areas that tend to be extremely expensive, like Santa Monica and Downtown Los Angeles, saw rent dips while more affordable neighborhoods, like Congress Central and CANNDU, had large spikes in prices.
Leading the charge for the fastest growing area was View Park – Windsor Hills, with rent climbing 25% since this time last year. Congress Central (+20%), Voices of 90037 (+19%), and CANNDU (+18%) had the next biggest rental growth rates. On the other end of the cost spectrum, Downtown Los Angeles and Rampart Village saw the largest rent dips, both falling around 8%.
If you want to see how rent in Los Angeles compares with the rest of the nation’s, view our National Rent Report for March, which analyzes over 1 million active listings available in the prior month.
To keep up to date with rent changes across the country, like or follow Zumper on Facebook, Twitter, Pinterest, and Instagram. In the market for a new place? Search all Los Angeles apartments for rent on Zumper.
For a more in-depth look into why and how we calculate our rental data, check out our methodology post here.
Full Data
| Neighborhood | March 18 One Bed Rent | Y/Y% Change |
|---|---|---|
| View Park - Windsor hills | $1,600 | 25.49% |
| Congress Central | $1,375 | 19.57% |
| Voices of 90037 | $1,250 | 19.05% |
| CANNDU | $1,300 | 18.18% |
| Greater Cypress Park | $1,600 | 14.29% |
| Hollywood United | $2,050 | 13.89% |
| Congress West | $1,550 | 12.73% |
| Westlake | $1,630 | 12.41% |
| West Adams | $1,600 | 12.28% |
| Hollywood | $1,895 | 11.47% |
| West Los Angeles | $2,150 | 10.26% |
| Ladera Heights | $1,650 | 10.00% |
| UNNC | $1,540 | 10.00% |
| Hollywood Hills West | $2,200 | 10.00% |
| Congress Southwest | $1,200 | 9.09% |
| Westside | $2,280 | 8.57% |
| Florence-Graham | $1,300 | 8.33% |
| Marina del Rey | $2,900 | 7.41% |
| Historic Cultural | $2,400 | 6.67% |
| Brentwood | $2,450 | 6.52% |
| Mid-City West | $2,450 | 6.52% |
| Olympic Park | $1,700 | 6.25% |
| Macarthur Park | $1,480 | 5.71% |
| PICO | $1,950 | 5.41% |
| Silver Lake | $2,100 | 5.00% |
| Beverly Hills | $2,725 | 4.81% |
| Central Alameda | $1,050 | 3.96% |
| Park Mesa Heights | $1,295 | 3.60% |
| Glassell Park | $1,500 | 3.45% |
| Greater Griffith Park | $1,950 | 2.90% |
| Wilshire Center - Koreatown | $1,650 | 2.48% |
| Culver City | $2,100 | 2.44% |
| Westchester - Playa del Rey | $2,350 | 2.17% |
| Pacific Palisades | $2,700 | 1.89% |
| Greater Echo Park Elysian | $1,770 | 1.14% |
| Mar Vista | $1,900 | 0.26% |
| Bel Air/Beverly Crest | $2,300 | 0.00% |
| South Central LA | $1,100 | 0.00% |
| Congress North | $1,540 | -0.65% |
| Westwood | $2,600 | -0.95% |
| West Hollywood | $2,250 | -2.17% |
| Greater Wilshire | $1,940 | -2.51% |
| Venice | $2,800 | -3.11% |
| Santa Monica | $2,900 | -3.33% |
| Pico Union | $1,350 | -3.57% |
| South Robertson | $1,800 | -3.74% |
| Atwater Village | $1,700 | -5.03% |
| Mid City | $1,595 | -6.18% |
| Rampart Village | $1,550 | -7.46% |
| Downtown Los Angeles | $2,400 | -7.69% |
The post See Which LA Neighborhood Had The Fastest Growing Rent This Past Year appeared first on The Zumper Blog.
This post first appeared on The Zumper Blog | Rental Market Trends, Real Estat, please read the originial post: here
