Craigslist Apartment Los Angeles (2024)

FAQs

Can you hire someone to find you an apartment Los Angeles? ›

If you live in a major city such as New York, Los Angeles, Boston, etc., hiring an apartment broker to navigate your apartment search is fairly common.

The median rent in Los Angeles fell by 0.0% over the course of August, and has now decreased by a total of 2.0% over the past 12 months. Los Angeles's rent growth over the past year has has fallen behind both the state (-0.5%) and national averages (-0.7%).

Average rent in Los Angeles

As two-thirds of Angelenos rent their homes, the average rent is quite high, especially in trendy areas. On average the cost of housing in LA is almost 140% higher than national average and 20% higher than the California state average.

Real estate agents can assist renters with finding apartments, condos, and rental homes. They specialize in the lease market, while regular agents focus on buyers and sellers.

Because the average rent in Los Angeles is $2,158, you'll want to make about $7,193 per month or $86,316 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you'll want to consider additional factors, such as your monthly bills and other expenses.

Rental prices were down 2.5% in Los Angeles County in February 2024 versus the same month a year before, according to data from Apartment List. Experts attribute the decline to a possible softening of demand amid population loss due to a recent exodus from parts of Southern California.

State law sets the maximum allowed rent increase at 5% plus the local consumer price index (which was 3.9% in L.A. and Orange counties in April 2024) — or 10%, whichever is lower. Typically, local rules take precedence over the state law.

Where do the rich live in LA? ›

Most would agree that the neighborhood in Los Angeles with the most expensive homes is considered to be Beverly Hills. It's renowned worldwide for the luxurious properties of the rich and famous Hollywood set. But according to our clients prices in neighborhoods such as Bel Air and Holmby Hills are not far behind.

Los Angeles did not make the top ten, ranking #17. Here, a single person needs $110,781 annually or $53.26 in hourly wages to be comfortable, according to the data. For a family of two working adults with two children, a salary of $276,557 is needed.

How much money do you need to live comfortably in Los Angeles? If you're following the recommended 30% rule, you'll need an income of around $119,520 or $57.46 to comfortably afford a one-bedroom apartment in Los Angeles.

Moving to Los Angeles is worthwhile. LA offers plenty of career opportunities in the fields of media, show business, tech and healthcare. Beyond career prospects, Los Angeles provides a vibrant lifestyle with its rich cultural scene, diverse communities, and various recreational activities.

Los Angeles Home Listings

The median listing price for a home in Los Angeles is around $941,000. This number has actually gone down about 5.9% in the past year.

Oakland led Zumper's list of annual rent declines in California cities, with the cost to rent for a one-bedroom unit in the Bay Area community down 9.1% in 2024 compared to the past year. Sacramento took second place with a decrease of 8.1%, followed by Los Angeles in third place with 5%.

Among Los Angeles residents, there is a homeowner vacancy rate of 1.0% and a rental vacancy rate of 3.3% from a total of 1,457,762 units.

The Los Angeles housing crisis has reached epic proportions and continues to deteriorate. The city, according to a study by the federal housing agency Freddie Mac, is short 400,000 homes with an estimate of over 75,000 homeless in L.A. County and over 46,000 in LA, a rise of 10% last year.