Los Angeles has experienced an overall modest increase in rent prices during the last quarter, reflecting a trend of rising demand amid limited inventory. This change has been driven by factors such as a resurgence in job growth, a return to urban living post-pandemic, and a continued influx of new residents drawn by the city's lifestyle and opportunities. As of now, the median rent in Los Angeles stands at approximately $2,800 per month, significantly higher than the national median of around $1,800 per month.

Santa Monica

Over the past 3 to 6 months, rent prices in Santa Monica have seen a significant increase, indicative of a strong rental market driven by rising demand and limited availability. This surge is largely due to a population rebound as more workers return to urban areas following the pandemic, along with persistent housing supply constraints in the region. Currently, the median rent in Santa Monica is approximately $3,800 per month, which is considerably higher than the national median rent of around $1,800 per month.

Culver City

Over the past quarter, rental prices in Culver City have seen a significant increase, rising by approximately 5-7% across different property types. This upward trend is mainly due to heightened demand for housing, fueled by an influx of professionals in the nearby tech and entertainment sectors, along with a limited housing inventory. Currently, the median rent in Culver City is around $3,500 per month, which is considerably higher than the national median rent of approximately $1,800 per month.

Apartment Options

Below are some recent listing examples.

VOX

• Studio / 1 bath
• Sq Ft: 507
• Rent: $3,190

Harlow

• 1 bed / 1 bath
• Sq Ft: 659
• Rent: $3,555

Venue Residences

• 2 bed / 2 bath
• Sq Ft: 1,055
• Rent: $4,695

Lido Apartments - 4025 Grandview

• 3 bed / 2.5 bath
• Sq Ft: 1,650
• Rent: $4,995

(Data sourced from Apartments.com)

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