The subject of today’s snapshot is Downtown, Los Angeles, California. Based on our analysis, Los Angeles’ year-over-year average rents had no significant changes in rent prices among all bedroom unit types.
Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Los Angeles 1-3 bedroom rents from September 1, 2020 – September 1, 2021:
As the table shows, 1BR units increased by 1% from last year or $13 more. The 2BR units increased by 1% or $52 more, and the 3BR units increased their rents by 2% or $101 less. As demonstrated by the table, year-over-year performance for all bedroom units in Los Angeles saw no major changes in rent prices.
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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology.