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.

Rents in Los Angeles have dropped 3% over the past year, marking the sharpest decline of any major city in California, according to a new report from the nonprofit news outlet Crosstown L.A.

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Average rent in Los Angeles

Los Angeles has one of the highest rental costs in the US. With an average rental price of $2,239 per month, it's no surprise that many residents choose to split the costs with roommates or live in some of the more affordable neighborhoods in Los Angeles.

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.

One reason for the high rents in California is the market crash in '09. Thousands of empty, repo'd houses were purchased by property management companies and real estate trusts. In order to get maximum return on their investment they regularly raise rents to the maximum.

Zillow's 1-year forecast for Los Angeles County predicts a slight 0.5% decrease in property values by next spring, a significant slowdown from the growth we've seen recently. This could be due to several factors, including rising interest rates, increasing inventory levels, or a combination of both.

Through December 31, 2024, rents for units covered by LA County's rent-stabilization ordinance (LA County RSO) cannot be raised more than 4% annually. To learn more about the LA County RSO or to file a complaint about an illegal rent increase, click here.

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%.

What is the rental vacancy rate in Los Angeles? ›

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.