Welcome to the Apartment List February 2023 Rent Report for Los Angeles, CA. Currently, the overall median rent in the city stands at $1,870, roughly the same as last month. Prices remain up 1.1% year-over-year. Read on to learn more about what’s been happening in the Los Angeles rental market and how it compares to trends throughout the broader Los Angeles metro area and the nation as a whole.
Los Angeles Rental Stats
1 bed: $1,642
2 bed: $2,168
Past month: -0.3%
Past year: +1.1%
- Los Angeles rents are flat month-over-month and up 1.1% year-over-year.
- The median rent in Los Angeles fell by 0.3% over the course of January, and has now increased by a total of 1.1% over the past 12 months. Los Angeles’s rent growth over the past year has fallen behind both the state (2.3%) and national averages (3.3%).
- January rent growth in Los Angeles ranked #50 among large U.S. cities
- Los Angeles rents went down 0.3% in the past month, compared to the national rate of -0.3%. Among the nation’s 100 largest cities, this ranks #50. Similar monthly rent growth took place in Houston, TX (-0.3%) and Durham, NC (-0.3%).
- Los Angeles is the #18 most expensive large city in the U.S., with a median rent of $1,870
- Citywide, the median rent currently stands at $1,642 for a 1-bedroom apartment and $2,168 for a 2-bedroom. Across all bedroom sizes (i.e., the entire rental market), the median rent is $1,870. That ranks #18 in the nation, among the country’s 100 largest cities. For comparison, the median rent across the nation as a whole is $1,148 for a 1-bedroom, $1,316 for a 2-bedroom, and $1,338 overall. The median rent in Los Angeles is 39.8% higher than the national rent, and is similar to the prices you would find in Riverside, CA ($1,927) and Scottsdale, AZ ($1,839).
- Los Angeles rents are 9.4% lower than the metro-wide median Los Angeles Rent Report: February 2023
- If we expand our view to the wider Los Angeles metro area, the median rent is $2,065 meaning that the median price in Los Angeles proper ($1,870) is 9.4% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at 1.9%, above the rate of rent growth within just the city.
Rents by City
The table below shows the latest rent stats for 23 cities in the Los Angeles metro area that are included in our database. Among them, Marina del Rey is currently the most expensive, with a median rent of $4,707. Long Beach is the metro’s most affordable city, with a median rent of $1,662. The metro’s fastest annual rent growth is occurring in Santa Monica (6.3%) while the slowest is in Costa Mesa (-3.4%).
City Median 1 BR Rent Median 2 BR Rent M/M Rent Growth Y/Y Rent Growth
Anaheim $1,856 $2,334 0.3% 4.1%
Brea $2,122 $2,625 0.7% 4.4%
Burbank $1,702 $2,336 0.6% 4.7%
Costa Mesa $2,225 $2,543 -0.6% -3.4%
Fullerton $1,878 $2,304 0.7% 3.0%
Glendale $1,747 $2,325 1.2% 5.9%
Huntington Beach $2,251 $2,491 -1.9% 1.5%
Irvine $2,599 $3,146 -2.3% -3.3%
Laguna Niguel $2,346 $2,8980 .3%2 .6%
Lake Forest $2,485 $3,045 -1.2% -0.2%
Long Beach $1,469 $1,867 -0.7% 2.0%
Los Angeles $1,642 $2,168 -0.3% 1.1%
Marina del Rey $4,452 $5,167 -0.4% 4.7%
Mission Viejo $2,328 $2,874 -1.0% 1.7%
Newport Beach $2,600 $3,178 0.0% 0.3%
Orange $1,869 $2,253 -0.4% -0.3%
Pasadena $1,799 $2,326 -1.7% 2.9%
Pomona $1,477 $1,872 1.1% -1.2%
Santa Ana $1,778 $2,220 0.3% -0.6%
Santa Clarita $1,793 $2,235 -0.3% -0.4%
Santa Monica $2,061 $2,568 -0.8% 6.3%
West Covina $1,708 $2,258 -1.1% 1.7%
West Hollywood $1,946 $2,521 1.1% -1.7%
Methodology: Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Data Access: Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
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