Sponsored message
Audience-funded nonprofit news
radio tower icon laist logo
Next Up:
0:00
0:00
Subscribe
  • Listen Now Playing Listen

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.

News

Map: How Much A 1-Bedroom Costs By Neighborhood

Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.


Temperatures may finally be starting to drop outside, but unfortunately as we head into fall rental prices around much of Los Angeles have continued to increase, according to a new survey.The real estate website Zumper took a look at the rental prices across L.A. and found that the median price for a one-bedroom in August was $1,830, up from $1,700 back in May. Meanwhile, the median price for a 2-bedroom was $2,640, up from $2,500. Congrats L.A., we've maintained our position as the 9th most expensive market in the country. Watch out Miami, we're creeping up on you.

To help us get our mind around the ups and downs (but mostly ups) of rental prices, the company has released a new map, which shows the cheapest and most expensive places to rent. The map shows rental prices from downtown to Santa Monica and Westchester to Hollywood, and whether the median prices have increased or decreased. Rental prices tended to be higher towards the Westside—not surprisingly—but booming Downtown also managed to make a strong showing with the median price for 1-bedrooms at $2,460. Santa Monica once again holds the title for most expensive area with $3,220 for a 1-bedroom, while Ocean Park ($3,120) and Venice ($2,650) come in a close second and third. Even Silver Lake ($1,950) is edging up on pricey West Hollywood ($2,010).

If you're looking for a relative bargain, head southeast where the median price in Florence-Graham is $850. Or you might consider Glassell Park ($1,200), Pico-Union ($1,210) or Mid-City ($1,280). Yes, citizens of the Valley, you've been left out, again, and there's no info for some other areas, either, including parts of Northeast L.A.

So, while things may not look so hot if you're planning to find a new rental this fall, at least L.A. is still slightly more affordable than New York ($3,160) and San Francisco ($3,530).

You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.

Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.

If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.

Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief

Make your tax-deductible year-end gift today

A row of graphics payment types: Visa, MasterCard, Apple Pay and PayPal, and  below a lock with Secure Payment text to the right