L.A.'s 5 Most Expensive Rental Neighborhoods Are on the Westside
L.A. is in the midst of a housing crisis, including impossible real estate prices and some of the highest rents in America.
And, according to the online rental marketplace Lovely, it's not getting much better: Rent increased six percent compared to last year, the site says. The good news is that the city saw a "slight" decline in the median rent in the second quarter of 2014.
But rents in some of our neighborhoods are just astronomical. Here are L.A.'s 5 most expensive rental neighborhoods, according to Lovely, which analyzed rental inventory in select American big cities:
5. Venice. Oh, Venice, we hardly recognize you. What happened to those days of three-figure rents in party buildings filled with surfers and crackheads? The median monthly rent in Venice is now more than ... $2,800.
4. Century City. Surprisingly, for about the same median cost of renting in Venice (more than $2,800), you could live in the land of rich retirees and corporate attorneys. Of course, you won't get to look at the beach unless you live in a high rise.
3. Beverly Glen. Here is where the rents start to redline like a frat boy in a rented Ferrari. The median here is nearly ... $4,000.
2. Bel Air. One of L.A.'s most blue-blood communities almost has its highest median rent: Nearly $4,300 will get you in the neighborhood of tycoons, heirs and superstars.
1. Beverly Crest. This community in the city of Los Angeles, above Beverly Hills (and sharing that city's 90210 zip code), is off the charts when it comes to median rent: More than $5,200.
By the way, Beverly Hills, with a median rent of slightly less than $2,800, made sixth place and was beat out by Venice.
Brentwood's $2,500 median rent, which put it in 9th place, is 122 percent above the citywide median, Lovely says. Century City's median rent is 139 percent above the citywide figure.
That said, Lovely rep had a little consolation prize for Angelenos, especially those of us who hate San Franciscans:
The LA median rent increase is still significantly lower than the median rental prices for West Coast counterpart, San Francisco at $3,285.
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