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Real Estate

5 Hottest Rental Neighborhoods in Los Angeles

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Wed, May 15, 2013 at 8:06 AM

click to enlarge YOU WISH: A NEUTRA HOUSE IN SILVER LAKE VIA NEIL FITZPATRICK / LA WEEKLY FLICKR POOL.
  • You wish: A Neutra house in Silver Lake via Neil Fitzpatrick / LA Weekly Flickr pool.
Competition for apartments and rental homes in this town is fierce. At least according to the online rental marketplace Lovely, which crunched the numbers for L.A. recently.

It found that a mix of upscale and hipster neighborhoods made up Los Angeles' most-competitive areas for people seeking to rent. The site used the metric of number of days on the market to come up with the five hottest rental communities in L.A:

click to enlarge ERIC LASSITER / LA WEEKLY FLICKR POOL
  • Eric Lassiter / LA Weekly Flickr pool
5. Venice. Are there bargains to be had in Venice anymore? Even in a shite old building full of party people? Seems not. The average price for a Venice rental these days is a whopping $2,877, according to Lovely. Hot damn. Average number of days on the market for the average place: 21.

click to enlarge ROSS REYES / LA WEEKLY FLICKR POOL
  • Ross Reyes / LA Weekly Flickr pool
4. Silver Lake. Next to Venice the Lago looks like a bargain. Where are these $1,834 (average rent) places? South of Sunset Boulevard, we would suspect. Days on the market: 20.

See also: Move Over, West Hollywood -- Silver Lake Is the True Gay Mecca

click to enlarge BRIAN SWANSON / LA WEEKLY FLICKR POOL
  • Brian Swanson / LA Weekly Flickr pool
3. Echo Park. For just a few hundred less (average rent: $1,653) you could be living in hipster heaven and dodging the occasional bullet east along Sunset. What's not to like? Days on the market: 19.

See also: Echo Park: Greatest Neighborhood in Los Angeles, Which Has 87 of Them

click to enlarge JULIEN DUDUOGLU / LA WEEKLY FLICKR POOL
  • Julien Duduoglu / LA Weekly Flickr pool
2. Beverly Hills. Everybody wants to live in Beverly Hills. They've seen the show(s). They've heard the Weezer song. But are they willing to pay an average rent of $2,837? Apparently so. Days on the market: 17.

And the barrio that's hotter than Flamin' Hot Cheetos? You might be surprised:

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