Apartments in McCampbell Pico Rivera

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$1,950
7808 2nd St Downey, CA
1 BR | Available Now
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$1,250 - 2,500
5200 San Gabriel Pl Pico Rivera, CA
Studio - 8+ BR | Ask for Availability
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$1,975
7860 Burns Ave Downey, CA
1 BR | Available Now
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Pico Rivera:
May Rent Report

Welcome to the May 2024 Pico Rivera Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Pico Rivera rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Pico Rivera 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 Pico Rivera average rent prices in the chart below.

Monthly Rent Report

$3,150
$2,360
$1,580
$790
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Pico Rivera Rent Prices Decrease From April to May

Pico Rivera rent prices decreased over the last month. From April to May, the city experienced a -0.18% decrease for the price of a one-bedroom apartment. The rent price for a Pico Rivera one-bedroom apartments currently stands at $2,181.0.

When we take a look at the two-bedroom comparison from April to May, Pico Rivera experienced a -2.81% decrease for the price of a two-bedroom apartment. The rent price for a Pico Rivera two-bedroom apartments currently stands at $2,935.0.

May Prices: Pico Rivera vs. Surrounding Areas

Rent Prices in Pico Rivera and Surrounding Areas

Rent prices have decreased in Pico Rivera over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Pico Rivera suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Pico Rivera suburbs

  • Rents did not decrease in any of the Pico Rivera suburbs.

May 2024 Pricing Trends: Pico Rivera vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Pico Rivera Rent Prices More Affordable Than Major Cities

Rent growth in Pico Rivera over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Pico Rivera average rent prices appear to be relatively affordable for local residents.

The price for a Pico Rivera 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.

For more information about Pico Rivera and surrounding area rent prices, take a look at the complete data set below.

Data set for Pico Rivera and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

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.