If you think rents are out of control in Los Angeles, you're probably right. A UCLA study last summer declared that L.A. was the “most unaffordable rental market” in the United States.
While our rents aren't always the highest in the nation, especially when compared to those in New York or San Francisco, the gap between what average Angelenos earn and average rents was greatest here, the researchers concluded.
The gap gets even wider when you look at L.A.'s 10 most expensive rental neighborhoods. The kind folks over at real estate website Zillow gave us a spreadsheet of late-2014 rents in L.A.
Zillow's “rent index” figures, or average rents, skew high and lean toward single-family homes. However, since we're talking about the cream of the real estate crop here, including many neighborhoods where apartments are rarely built, it's not much of an issue.
Here's the high end:
10. Hermosa Beach. Yes, this once sleepy South Bay surfer town is now golden. Average rent: $4,275. Ouch.
9. Santa Monica. Debris by the sea no longer. This onetime home of the Zephyr skate team of Dogtown & Z-Boys fame has long been one of the area's most-gilded communities. Average rent: $4,311.
8. San Marino. The Asian American Beverly Hills has long been the upper-crust community of the San Gabriel Valley. Average rent: $4,480.
7. Palos Verdes Peninsula. This is no surprise. The greater area is the gold coast of the South Bay and home to the Trump National Golf Club. Average rent: $4,525.
6. Manhattan Beach. This onetime young professionals' playground has turned into an upscale bedroom community for sports stars and other folks with million-dollar-plus salaries. Average rent: $5,543.
5. Palos Verdes Estates. This Frederick Law Olmsted-designed city comprises the seaside crème de la crème of property on the peninsula. Average rent: $5,564.
4. Malibu. This coastal escape for Hollywood celebrities demonstrates a significant jump in prices on this list. Average rent: $7,160.
3. Rolling Hills. Another Palos Verdes Peninsula city makes the list. Rolling Hills takes up the view-happy high ground here. Average rent: $8,194.
2. Beverly Hills. Why are you not surprised? The city's name is globally synonymous with wealth. Average rent: $9,043.
1. Hidden Hills. Designed by the man who laid out Palos Verdes Estates, this gated community is the pinnacle of rural, equestrian living in greater L.A. Average rent: $9,204. Zillow says it would take an annual household income of at least $368,160 to be able to comfortably afford these rental accommodations.
Happy house hunting.
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