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So How Much Does It Cost To Rent An Apartment In L.A. This Month?
The fine folks at Zumper have put together their seasonal rental prices report. The news is mostly bad, but could always be worse. In the L.A. metro area, Zumper determined the median cost for a 1-bedroom apartment is $1,970. A typical 2-bedroom will cost $2,900 monthly.
Though rents haven't increased much since this time last month, they are roughly 15 percent higher than they were last year.
This makes L.A. the 7th most expensive major city in the U.S., beat out by a trio of Bay Area towns (San Francisco, San Jose and Oakland), as well as New York, Boston and D.C. Our friends at SFist have to, somehow or another, put up with a median 1-bedroom price of $3,590.
To put that number into perspective, San Francisco's citywide median is more expensive than L.A.'s priciest hood, Santa Monica, where a typical 1-bedroom will cost you $3,000 monthly. Venice isn't too far behind at $2,930, and Marina Del Rey and Pacific Palisades each bubble just below the $2,700 month. Moving east, rapidly developing downtown L.A. has a median 1-bedroom price of $2,550.
Slightly more egalitarian (LOL j/k) neighborhoods can be found into Central Los Angeles. Rent in Koreatown is roughly $1,525 monthly, Hollywood is about $1,600 and Pico Union is roughly $1,275. South L.A. gets more affordable usually sitting around $1,000 monthly, give or take $100.
It puzzles us, however, why Zumper doesn't include the 818 or the 626. Rents in both the San Fernando and San Gabriel Valleys respectively are often much more affordable than in the L.A. basin. For example, it's not too hard to find sub $1,300 1-bedroom listings in North Hollywood if you look hard enough.