Property prices for rent in Los Angeles (California)

The rent prices in real estate in Los Angeles, in the California region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$2,867
Average price last 6 months
$9.26
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Los Angeles has risen strongly during the last 6 months. In February, the average price per sq.feet was $3.58. In the following month the price per sq.feet rose considerably to $15.52. In the following two months the price per sq.feet has risen 112 %, going from $9.55 to $10.68 per sq.feet. The price per sq.feet has had a considerable fall of 75 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $10.11 to $7.55 during June, and July.

Average price

When referring to the price in Los Angeles (cities), this has fallen in the last 6 months. In our first sample month during February, the average price is $3,038. In March This price remains at $3,155. During the following two months (April, May) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $2,951.25 to $2,698.5 in June and July.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,801 they are 13 % more affordable than the average price for Los Angeles . The properties with the highest average price have 4 bedrooms, Their price is 181 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,040.

With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $5.59 / sq.feet, with an average $8.38 / sq.feet price in Los Angeles. The properties with the most expensive average prices have 2 bedrooms. They are 40 % more expensive than the average followed by properties with 4 bedrooms with a price at $9.73 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $2,801 it is 4 % more affordable than the average price in Los Angeles. "Office" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "Apartment". At a price of $3,488 it is 34 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Condo" at an average price of $10.3 / sq.feet followed by "House" priced at $10.81 / sq.feet. "Land" is the most expensive type of property with a $39 / sq.feet value followed by "Office" with an average price of $18 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Los Angeles
Number of properties used in region California
$2,801
$8.38
42,594
477,168
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value