Property prices for rent in Los Angeles (California)

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

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Los Angeles has had a strong fall during the last 6 months. In October, the average price per sq.feet was $13.32. In the following month the price per sq.feet fell considerably to $10.95. The price for the following two months in (December, January) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 37 % 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 $11.35 to $4.2 during February, and March.

Average price

When referring to the price in Los Angeles (cities), there have hardly been any changes in the last 6 months. The average price for October is $2,781. During November the price had a slight fall till $2,550. During the following two months (December, January) the price has had an average rise from $2,665.5 to $2,839.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,752.5 and $2,718.5 between February and March.

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 $2,622 they are 6 % more affordable than the average price for Los Angeles . The properties with the highest average price have 4 bedrooms, Their price is 94 % more expensive than the average. After that we have properties with 3 bedrooms priced at $4,521.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $3.01 / sq.feet, with an average $3.42 / sq.feet price in Los Angeles. The properties with the most affordable average prices have 1 bedroom. They are 2 % more affordable than the average followed by properties with 3 bedrooms with a price at $3.16 / 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 $2,622 it is 1 % more affordable than the average price in Los Angeles. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Condo". At a price of $3,660 it is 51 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.07 / sq.feet followed by "House" priced at $3.39 / sq.feet. "Villa" is the most expensive type of property with a $142.75 / sq.feet value followed by "Apartment" with an average price of $91.63 / sq.feet.

Charts data
Average price March
Average price per sq.feet March
Number of properties used in Los Angeles
Number of properties used in region California
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value