In the 90047 zip code area of LA where LASC is, there are mostly white collar jobs, and there more women than men in a 54% to 46% ratio. About 6,500 students attend LASC. The graduation rate however, is strikingly low, at 9%. The majority of LASC students are Black (55%) and Hispanic (35%). There are more women than men at LASC; about 68% of students are female and 32% are male. Because of the close proximity of West Athens to Los Angeles (less than 20 minutes from the LASC campus), it’s definitely recommended to head there for things to do. LA is known for many things, like its beautiful weather and an abundance of actors, dancers, and artists drawn to Hollywood. There are more than 800 museums in LA, which is the most museums per capita of all cities in the world, and the Dodgers, Kings, Clippers and Lakers are all based out of LA, so for sports fans and history buffs, there is always something to go see. Universal Studios is always a wonderful experience, too. The beach is a huge hotspot for day and night activities, and beaches like Manhattan, Hermosa, Redondo, and Venice Beach are all about 20 minutes away.
Welcome to the December 2022 Los Angeles Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2022 key findings and figures for the Los Angeles rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Los Angeles and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Los Angeles average rent prices in the chart below.
Los Angeles rent prices increased over the last month. From November to December, the city experienced a 0.89% increase for the price of a one-bedroom apartment. The rent price for a Los Angeles one-bedroom apartments currently stands at $2,382.0.
When we take a look at the two-bedroom comparison from November to December, Los Angeles experienced a 2.07% increase for the price of a two-bedroom apartment. The rent price for a Los Angeles two-bedroom apartments currently stands at $3,250.0.
Rent prices have increased in Los Angeles over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Los Angeles suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Playa Del Rey, CA, Glendale, CA, Pasadena, CA, Anaheim, CA .
Rent decreased in Long Beach, CA, West Hollywood, CA, Fullerton, CA.
4 suburbs are currently priced higher than the city of Los Angeles.
3 suburbs are currently priced lower than the city of Los Angeles.
Rent growth in Los Angeles over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Los Angeles average rent prices appear to be relatively affordable for local residents.
The price for a Los Angeles one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's December 2022 National Apartment Report and data set here.
For more information about Los Angeles and surrounding area rent prices, take a look at the complete data set below.
|1 BR December||1 BR M/M % Change||2 BR December||2 BR M/M % Change|
|Los Angeles, CA||$2,361.0||1.03%||$3,184.0||2.05%|
|Long Beach, CA||$1,926.0||-1.33%||$2,416.0||-3.13%|
|West Hollywood, CA||$2,413.0||-2.15%||$3,311.0||4.05%|
|Playa Del Rey, CA||$3,293.0||1.73%||$4,071.0||0.15%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.