L.A.'s Most Expensive Rental Areas Include DTLA, Hollywood (MAP)
There was a time not too long ago when places like downtown and Hollywood were havens for starving artists, students and wannabe actors looking for the city's cheapest rents.
Now, those communities are among those that offer the most expensive apartments in town.
The latest Los Angeles Rent Report from Apartment List ranks the highest-priced rental neighborhoods in L.A. The site analyzes millions of for-rent listings nationwide to come up with its monthly report. Its rankings are based on median, two-bedroom leases.
Westwood, with a two-bedroom price of $4,000 per month, remained the high-price champ in the L.A. market. Marina del Rey, where a two-bedroom fetches $3,730, was second. At $3,200, downtown came in third, with Hollywood and Studio City coming in fourth and fifth at $2,900 and $2,830, respectively.
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The report found that July rents were up 0.4 percent compared with June and 3.2 percent compared with a year ago.
Pasadena rents were up a notable 8 percent, compared with July 2015, Apartment List found. A median-priced two-bedroom apartment there will cost you $2,640.
Nationally, L.A. ranked sixth among American cities with the highest two-bed median leases in July. New York knocked San Francisco off the top of the list with a median of $5,130. Ouch.
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