Craigslist Apartment Los Angeles (2024)

FAQs

How to find good housing in 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 report also included a chart of rent prices in Los Angeles metro cities sorted from most to least expensive. The most expensive cities were Santa Monica, Beverly Hills, and West Hollywood, with one-bedrooms priced at $3,100, $2,930, and $2,700, respectively.

“We have had essentially no new supply of apartments until quite recently so vacancy rates are very low, and that gives landlords a lot of pricing power so they can push rents, and they have to the point where they're beyond record levels.”

To be eligible for the program, a family's gross annual income must be below 50% of the Area Median Income (AMI) in Los Angeles County. Seventy-five percent of new admissions must have gross annual incomes at or below 30% of the AMI. The U.S. Department of Housing and Urban Development (HUD) determines the AMI yearly.

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.

L.A. rental prices may be cooling. Here's what that feels like. A for-rent sign is posted in front of an apartment building in Los Angeles, where rental prices reportedly fell 2.5% in February 2024.

Will rent go down in 2024 in California? ›

(NerdWallet) – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn't expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024.

The 30% rule. This classic budgeting “rule” recommends that people not spend more than 30% of their gross income on rent or housing, and it asserts that spending more can put you at a financial disadvantage.

Los Angeles, CA housing market

In June 2024, the median listing home price in Los Angeles, CA was $1.2M, flat year-over-year. The median listing home price per square foot was $728. The median home sold price was $1.4M.

Navigating the Los Angeles rental market can be especially difficult without an established credit history, since most application processes include credit checks. But there are strategies and tips available that can help secure you an apartment without using this process as often.