Median rent is higher in DTLA than Bel Air: report

Median rent for one-bedroom unit is $2,600 in DTLA and $2,300 in Bel Air/Beverly Crest area

TRD LOS ANGELES /
Mar.March 27, 2017 05:30 PM
Illuminated Venice sign at Venice Beach (Credit: Getty)

Los Angeles is consistently ranked as one of the least affordable urban areas for renters, but not all neighborhoods in the sprawling metropolis are created equal. In March 2017, median rents for a one-bedroom unit ranged from $1,010 to $3,000 a month, according to a report by Zumper.

Santa Monica had the priciest rents at $3,000 a month, followed by Venice at $2,890 and Marina del Rey at $2,700. However, while rents in Venice ticked up by $40 since Zumper’s September report, rents in Santa Monica did not change, Curbed reported.

The fourth priciest neighborhood was Westwood, at $2,625 a month. Downtown Los Angeles, where the median rent was $2,600 a month, clocked in as a pricier rental area than the combined neighborhoods of Bel Air and Beverly Crest, where the median rent was $2,300 according to the report. The latter is more known for its spec mansions than its one-bedroom apartments, but the emergence of DTLA as one of L.A.’s priciest rental areas is still worth noting. Rents in DTLA shot up 6 percent since September, Curbed reported.

Greater Cypress Park, West Adams and Westlake had more affordable rents, at less than $1,600 a month.

In the county as a whole, the median rent of a one-bedroom unit in March 2017 was $2,000, while two-bedroom units clocked in at $2,920, according to the Zumper report. Rents for both apartment types increased 5 percent when compared with the same month last year. [Curbed] — Hannah Miet


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